The Bank of England has shared its updated plans for managing stablecoins, a type of digital currency tied to stable assets like the British pound. This isn't the first time they've talked about this, but their latest ideas have sparked some debate. The bank has been gathering thoughts from various
China has made a big step in making its own airplane engines. They tested a small, super-light turbojet engine. This engine is special because it was mostly made using 3D printing. The test showed that the engine can work well on its own, not just in controlled tests. The engine powered a drone for
Janney Montgomery Scott, a firm owned by KKR & Co. , is making some big changes. They're in talks to sell off parts of their business. Specifically, they're looking to sell their division that advises banks and their institutional equities business. This sale is part of a larger plan to focus more o
Long ago, fishermen near Peru and Ecuador noticed something odd. Every few years, the ocean water near their fishing spots would get warmer. This warm water drove fish away, making it tough for the fishermen to catch enough to eat. They called this strange event "El Niño, " which means "The Child" i
Bond sales in the US are expected to hit an all-time high in 2026. The reason? A lot of it has to do with companies pouring money into AI. This surge in bond issuance is predicted to reach $1. 81 trillion. That's even higher than the previous record set in 2020, which was $1. 76 trillion. So, what
NiceHash has introduced a new tool called Hashrate TradeView. It lets people trade computing power, or hashrate, used in mining cryptocurrencies like Bitcoin. This tool makes hashrate trading more like trading stocks. Hashrate TradeView shows price charts, trading volumes, and other market data. Th
Senegal is in a tough spot. The country's finance ministry has promised to pay back its debts and keep talking to the International Monetary Fund (IMF). This comes just before a big decision from S&P Global, a major credit rating agency. The ministry sent a message to investors saying they are seri
In a twist that's got everyone talking, a close friend of Bill Pulte, the head of the Federal Housing Finance Agency (FHFA), is accused of sharing secret mortgage pricing info from Fannie Mae with a rival company. Lauren Smith, who leads marketing at Fannie Mae, is said to have passed on this sensit
Cash App has just rolled out a cool new feature called Moneybot. It's an AI assistant designed to help users handle their money more wisely. This update also includes a new benefits program and enhanced crypto features, like finding places that take Bitcoin and making Bitcoin transactions using USD.
Crypto investors have not been great at paying taxes on time. A 2023 IRS review showed that only about 25% of crypto investors are likely to pay their taxes on time. But things are about to change in 2025. Starting in 2025, investors with accounts on centralized crypto exchanges will have their tra
