Federal Reserve Governor Christopher Waller said the growing use of dollar-backed stablecoins could strengthen the global influence of U.S. monetary policy, while reiterating his skepticism toward central bank digital currencies, or CBDCs. Speaking at a conference in Dubrovnik, Croatia, Waller said countries that increasingly rely on stablecoins tied to the U.S. dollar may effectively import U.S. ...
Federal Reserve Governor Christopher Waller said the growing use of dollar-backed stablecoins could strengthen the global influence of U.S. monetary policy, while reiterating his skepticism toward central bank digital currencies, or CBDCs. Speaking at a conference in Dubrovnik, Croatia, Waller said countries that increasingly rely on stablecoins tied to the U.S. dollar may effectively import U.S. monetary conditions, Bloomberg News reported Sunday. “Countries that adopt it, it’s like a fixed exchange rate system,” Waller said. “You are going to import US monetary costs, so it’s broadening the reach of US monetary policy in countries that use more stablecoins.” Waller has previously argued that stablecoins could reinforce the dollar’s role in the global financial system, provided the market operates under clear regulatory rules. Stablecoins are digital assets designed to maintain a fixed value, typically backed by reserves such as U.S. dollars or Treasury securities. He also criticized efforts to develop central bank digital currencies, arguing they have yet to solve a problem that existing payment systems cannot address. “There’s nothing that requires a CBDC and only a CBDC to fix,” Waller said, calling the concept “a solution in search of a problem.” Waller contended that enthusiasm for CBDCs has faded among many central banks. “Almost every major central bank in the world has just stopped” pursuing CBDCs, he said. “They just can’t find a reason for this.” During a panel discussion led by incoming European Central Bank Vice President Boris Vujcic, Waller said only a handful of major institutions remain committed to launching digital currencies. “Only the ECB and the Chinese” are pursuing CBDCs, he said. Referring to China's digital yuan project, Waller added: “Two banks, and nobody in China uses the thing anyway; they like WhatsApp and Alipay, they don’t even use the stupid thing.” Vujcic pushed back on that characterization, noting that the ECB’s digital euro init...
ACTi Law Pro Webinar question submitted by law intern answered by GOOG quantum AI wizard’s predicts Revolutionary Path to combined AI Law tools from AI-119 QAIA & Athena AI platforms, to offer a solution for over 440,000 CLJA Veteran claimants caught up in courts RALIEGH, N.C., May 31, 2026 (GLOBE NEWSWIRE) -- A groundbreaking architectural design, modeled super AI Law notion using Google AI, reve...
ACTi Law Pro Webinar question submitted by law intern answered by GOOG quantum AI wizard’s predicts Revolutionary Path to combined AI Law tools from AI-119 QAIA & Athena AI platforms, to offer a solution for over 440,000 CLJA Veteran claimants caught up in courts RALIEGH, N.C., May 31, 2026 (GLOBE NEWSWIRE) -- A groundbreaking architectural design, modeled super AI Law notion using Google AI, revealed after a law intern begged the question as to how compounding the state-of-the-art data infrastr
Former CEO of Barclays, Jes Staley, arrives at the High Court in London, United Kingdom, on March 14, 2025. Staley is challenging his ban from the UK finance sector over his ties to Jeffrey Epstein. Tayfun Salci | Anadolu | Getty Images Jes Staley , the former JPMorgan Chase executive and ex- Barclays CEO, has agreed to be interviewed on about his relationship with notorious sex offender Jeffrey E...
Former CEO of Barclays, Jes Staley, arrives at the High Court in London, United Kingdom, on March 14, 2025. Staley is challenging his ban from the UK finance sector over his ties to Jeffrey Epstein. Tayfun Salci | Anadolu | Getty Images Jes Staley , the former JPMorgan Chase executive and ex- Barclays CEO, has agreed to be interviewed on about his relationship with notorious sex offender Jeffrey Epstein on July 23 by the House Oversight and Government Reform Committee , a spokesman for the panel confirmed Sunday. The Financial Times first reported that Staley accepted the invitation for a voluntary transcribed interview extended to him three weeks ago by Oversight Chairman Rep. James Comer, R-Ky. The Oversight panel has been conducting a series of interviews with high-profile people about Epstein, including former President Bill Clinton , former Secretary of State Hillary Clinton , and Commerce Secretary Howard Lutnick . Former Attorney General Pam Bondi was interviewed by the committee on Friday about the Department of Justice's handling of the release of its files about Epstein. Microsoft co-founder Bill Gates is scheduled to be interviewed by the Oversight committee on June 10 about his dealings with Epstein. Billionaire Leon Black is reportedly scheduled to be interviewed by the panel on June 26, and Goldman Sachs general counsel Kathryn Ruemmler is reportedly scheduled to be interviewed on July 15. Staley was a friend of Epstein, who had been a major client of JPMorgan's private wealth and asset management divisions when Staley ran them. Epstein, a former friend of President Donald Trump , died from a jailhouse suicide in New York in August 2019, weeks after being arrested on federal child sex trafficking charges. JPMorgan in 2023 agreed to pay victims of Epstein $290 million to settle a lawsuit that the bank had facilitated sex trafficking by Epstein, who was a client of JPMorgan. That same year, the bank agreed to pay $75 million to settle a similar lawsuit b...
US prosecutors alleged a Switzerland-based Google employee wagered $2.75 million through a Polymarket account named “AlphaRaccoon” between October and December last year.
US prosecutors alleged a Switzerland-based Google employee wagered $2.75 million through a Polymarket account named “AlphaRaccoon” between October and December last year.
An hour in flight UA236 returned to Newark. | Screenshot: The Verge United flight 236 from Newark to Palma de Mallorca on Saturday night was forced to turn around just an hour after takeoff due to security concerns around a Bluetooth signal. Multiple Redditors claimed to be on the flight and reported that the crew repeatedly requested passengers to turn off their Bluetooth. According to one poster...
An hour in flight UA236 returned to Newark. | Screenshot: The Verge United flight 236 from Newark to Palma de Mallorca on Saturday night was forced to turn around just an hour after takeoff due to security concerns around a Bluetooth signal. Multiple Redditors claimed to be on the flight and reported that the crew repeatedly requested passengers to turn off their Bluetooth. According to one poster, the crew issued a one-minute warning, saying that two devices were still active. One Redditor reported flight attendants making comments like, "This little joke is ruining it for everyone." An archived recording from Air Traffic Control (embedded below) confirms that the root of the issue was the name of a disc … Read the full story at The Verge.
DRAM Memory Boom: Why Micron Stock Could Still Double Yahoo Finance Move Over, Nvidia: 1 AI Stock Just Posted Its Best Day Since 2011 -- and Wall Street Says It's Still Cheap. The Motley Fool Micron Isn’t Nvidia. It’s Time to Take Your Foot Off the Gas with MU Stock. Barchart.com
DRAM Memory Boom: Why Micron Stock Could Still Double Yahoo Finance Move Over, Nvidia: 1 AI Stock Just Posted Its Best Day Since 2011 -- and Wall Street Says It's Still Cheap. The Motley Fool Micron Isn’t Nvidia. It’s Time to Take Your Foot Off the Gas with MU Stock. Barchart.com
Tedros Adhanom Ghebreyesus makes appeal after protests against protocols for handling bodies in Ituri province Containing the Ebola outbreak in the Democratic Republic of Congo requires community cooperation and is “everybody’s business”, the World Health Organization has said. Tedros Adhanom Ghebreyesus , the organisation’s director general, made the plea on Sunday during a visit to eastern Congo...
Tedros Adhanom Ghebreyesus makes appeal after protests against protocols for handling bodies in Ituri province Containing the Ebola outbreak in the Democratic Republic of Congo requires community cooperation and is “everybody’s business”, the World Health Organization has said. Tedros Adhanom Ghebreyesus , the organisation’s director general, made the plea on Sunday during a visit to eastern Congo where some residents have protested against stringent medical protocols for handling victims’ bodies. Continue reading...
SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, according to sources, after Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. Bloomberg's space and aviation managing editor Benedikt Kammel joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)
SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, according to sources, after Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. Bloomberg's space and aviation managing editor Benedikt Kammel joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)
Christopher Yea, Chief Development Officer of KalVista Pharmaceuticals (NASDAQ:KALV) , reported the exercise of 33,800 options into common stock and the immediate sale of those shares for a total value of approximately $905,000, according to a SEC Form 4 filing covering trades on May 27, 2026. Transaction and post-transaction values based on SEC Form 4 weighted average purchase price of $26.78 on ...
Christopher Yea, Chief Development Officer of KalVista Pharmaceuticals (NASDAQ:KALV) , reported the exercise of 33,800 options into common stock and the immediate sale of those shares for a total value of approximately $905,000, according to a SEC Form 4 filing covering trades on May 27, 2026. Transaction and post-transaction values based on SEC Form 4 weighted average purchase price of $26.78 on May 27, 2026. * 1-year price change calculated using May 29th, 2026 as the reference date. Continue reading
Hundreds of thousands of fans line streets in London Gabriel pays tribute to supporters after final agony Gabriel Magalhães admitted Arsenal’s Champions League penalty shootout defeat was “painful”, but the Gunners quickly put the disappointment to one side as fans descended on north London to attend an open-top bus parade. Gabriel missed the crucial spot-kick against Paris Saint-Germain as the Fr...
Hundreds of thousands of fans line streets in London Gabriel pays tribute to supporters after final agony Gabriel Magalhães admitted Arsenal’s Champions League penalty shootout defeat was “painful”, but the Gunners quickly put the disappointment to one side as fans descended on north London to attend an open-top bus parade. Gabriel missed the crucial spot-kick against Paris Saint-Germain as the French champions retained their crown following a 1-1 draw in Budapest. Yet Arsenal still had plenty to celebrate as they embarked on a parade through their local streets to celebrate the Premier League title success they secured earlier this month . Continue reading...
New York Times Chief Africa Correspondent Declan Walsh joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss his on the ground reporting from an Ebola treatment ward in Mongbwalu, Democratic Republic of Congo. (Source: Bloomberg)
New York Times Chief Africa Correspondent Declan Walsh joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss his on the ground reporting from an Ebola treatment ward in Mongbwalu, Democratic Republic of Congo. (Source: Bloomberg)
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Canadian Pacific Kansas City ( CP ) said it has activated contingency plans to keep trains running across Canada after a union representing approximately 300 signal and communications employees launched a strike Sunday. The International Brotherhood of Electrical Workers (IBEW) Canadian Signals and Communications System Council No. 1...
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Canadian Pacific Kansas City ( CP ) said it has activated contingency plans to keep trains running across Canada after a union representing approximately 300 signal and communications employees launched a strike Sunday. The International Brotherhood of Electrical Workers (IBEW) Canadian Signals and Communications System Council No. 11 began its work stoppage at 8 a.m. MDT after rejecting the railway's latest contract proposals, according to the company. CPKC said rail service continued to operate safely and efficiently despite the strike. The labor dispute is being closely watched by investors because disruptions to rail operations can affect freight volumes, network efficiency and financial results. While the union represents a relatively small portion of CPKC's Canadian workforce, a prolonged strike could create operational challenges and increase labor-related uncertainty for one of North America's largest rail networks. The company said it had spent months negotiating with the union and described its latest offer as including wage and benefit increases that are generally consistent with agreements reached with its other Canadian bargaining units. CPKC said it is urging the union to end the strike and accept binding arbitration. The railway didn’t disclose details of the rejected proposal or specify how long contingency measures could remain in place if the labor dispute continues. Signals and communications workers play a key role in maintaining rail signaling systems and communications infrastructure that support train operations. Any interruption in those functions has the potential to affect network performance, although CPKC said it has implemented plans designed to minimize disruptions. The company emphasized that it has reached labor agreements with numerous unions across North America and expressed optimism that a resolution could be reached. CPKC operates a rail network spanning Canada, the...
Your Social Security checks will get a boost in 2027, and it could be a substantial one based on the latest cost-of-living adjustment (COLA) estimates. Recent projections from The Senior Citizens League (TSCL), a nonpartisan senior group, estimate the COLA at 3.9%, which would add about $81 to the average monthly benefit as of April 2026. That said, the extra cash may not have the positive effect ...
Your Social Security checks will get a boost in 2027, and it could be a substantial one based on the latest cost-of-living adjustment (COLA) estimates. Recent projections from The Senior Citizens League (TSCL), a nonpartisan senior group, estimate the COLA at 3.9%, which would add about $81 to the average monthly benefit as of April 2026. That said, the extra cash may not have the positive effect you're hoping for. Higher COLAs appear alongside high inflation, and they can also open the door to more taxes. This risk is especially significant for those who live in one of the eight states that tax some of their seniors' benefits. Image source: Getty Images. Continue reading