(Reuters) -The total market capitalization of stablecoins surged to a record high on Wednesday, data showed, as the U.S. Senate passed a bill to regulate the sector, a major step towards legitimising a once-niche but now fast-growing corner of the crypto market. According to CoinDesk data, the market capitalization of stablecoins hit an all-time high…
By Matt Tracy, Echo Wang and Davide Barbuscia NEW YORK (Reuters) -Elon Musk’s xAI is on track to close on a $5 billion debt raise led by Morgan Stanley, despite tepid investor demand, according to two people familiar with the matter. The $5 billion debt sale, which includes a floating-rate term loan, a fixed-rate loan…
By Jonathan Landay WASHINGTON (Reuters) -U.S. President Donald Trump on Tuesday repudiated Director of National Intelligence Tulsi Gabbard’s assessment that Iran has not been building a nuclear weapon, publicly contradicting his spy chief for the first time during his second term. In rejecting his top spy’s judgment, Trump appeared to embrace Israeli Prime Minister Benjamin…
By Richard Cowan WASHINGTON (Reuters) -U.S. senators on Tuesday demanded tighter security in the wake of last weekend’s assassination of a Minnesota state legislator and threats against members of Congress, in what one lawmaker called a “spreading virus” of political violence. Law enforcement officials responsible for securing the U.S. Capitol complex and its 535 members…
WASHINGTON (Reuters) -The U.S. State Department has established a Middle East task force to help coordinate support for U.S. citizens, diplomatic missions and personnel amid the conflict between Israel and Iran, State Department spokesperson Tammy Bruce said on Tuesday. Bruce, speaking to reporters at a regular news briefing, said the task force was intended to…
(Reuters) -Waymo will expand into more areas of the San Francisco peninsula and parts of Silicon Valley, as the sole commercial robotaxi operator in the U.S. seeks to scale up operations, the Alphabet unit said on Tuesday. The self-driving technology firm had received approval from California last month to expand operations, just as Tesla prepares…
By Jonathan Saul LONDON (Reuters) -War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between Israel and Iran entered its fifth day, industry sources said on Tuesday. The cost of a seven-day voyage to Israeli ports was quoted between 0.7% and 1.0%…
(Reuters) -Rollout of generative AI and agents will reduce Amazon’s total corporate workforce in the next few years, Andy Jassy, CEO of the online retailer wrote in a note to employees on Tuesday. Artificial intelligence is reshaping the global workforce by automating routine and repetitive tasks, and industry leaders expect this to prompt a reduction…
By Pete Schroeder WASHINGTON (Reuters) -The Federal Reserve will consider plans to ease leverage requirements on larger banks at a meeting later this month, kicking off what is expected to be a broad effort to reconsider bank rules. The U.S. central bank announced the board meeting, scheduled for June 25, to discuss changes to the…
By Suzanne McGee and Manya Saini (Reuters) -Trump Media & Technology Group is seeking to launch an exchange-traded fund that will invest in both bitcoin and ethereum, the two largest cryptocurrencies, according to a filing with the U.S. Securities and Exchange Commission on Monday. This marks the second cryptocurrency ETF filing from the social media…
