Author: Leslie Stewart

Criminals have discovered a new way to steal millions of dollars from older Americans. And Indiana lawmakers have the power to stop it.Cryptocurrency ATMs, also known as “crypto kiosks,” are being installed in convenience stores, gas stations, and retail stores across the country. Although these machines allow users to conduct legitimate cryptocurrency transactions, their lack of regulation compared to traditional financial institutions makes them prime targets for fraud.kAmr@?DF>6CD 😕 a_ac C6A@CE65 =@D:?8 2 E@E2= @7 Sase)f >:==:@? G:2 4CJAE@ p%|D — 2 b`T :?4C62D6 7C@> a_ab( 244@C5:?8 E@ E96 uqx) p>@?8 E96 4C:>6D H96C6 E96 G:4E:>’D 286 H2D @H?( geT…

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Chicago Fed President Austan Goolsby on Thursday expressed hesitation about cutting interest rates further as the government shutdown disrupts key inflation data.Goolsby has advocated gradual rate cuts, but central bank officials said in an interview with CNBC that they were concerned about the lack of significant price reporting, especially after a recent upward trend in general inflation.”If there’s a problem on the inflation side, it’s going to take a long time to see it, but if the job market starts to deteriorate, you’ll see it almost immediately,” Goldsby said. “So I’m even more worried because we’re bringing forward rate cuts…

Outplacement firm Challenger, Gray & Christmas said a sharp rise in layoff announcements in October as companies readjusted staffing levels amid the artificial intelligence boom, a sign of potential trouble in the labor market.The number of layoffs for the month totaled 153,074, an increase of 183% from September and an increase of 175% compared to the same month last year. This was the highest level for October since 2003. It was the worst year for announced layoffs since 2009.”Just like in 2003, disruptive technologies are changing the game,” said Andy Challenger, the company’s workplace expert and chief revenue officer. “The…

LONDON – The Bank of England took a cautious stance on Thursday ahead of the government’s autumn budget in November, narrowly voting to keep interest rates on hold.Five of the nine-member BOE Monetary Policy Committee voted to keep the key interest rate, known as the Bank Rate, unchanged at 4%, while four chose to cut it by 25 basis points.A poll of economists compiled by Reuters predicted that the vote would be narrower than expected, with a 6-3 vote in favor of leaving the measure unchanged.The BOE said in a statement that inflation likely peaked at 3.8% in September, with…

WASHINGTON — U.S. Rep. Nancy Pelosi, who made history as the nation’s first female speaker of the House of Representatives and held the top job twice, said in a video message Thursday that she will not seek re-election in 2026 in a final love letter to San Francisco. “I will not seek re-election to Congress. I look forward to my final years as a grateful and proud representative,” Pelosi, 85, said in a video message to San Francisco voters, interwoven with sweeping images of the Golden Gate Bridge, Coit Tower and other landmarks, as well as photos from her storied…

Over the past few years, the cryptocurrency industry has undergone a major paradigm shift in policy and perception. In July, Congress passed the GENIUS Act. This is the enactment of a three-part federal regulation that gives cryptocurrencies trustworthy recognition in the public sector. But this breakthrough in the industry has not been easy. The obstacles to its recognition have been shaped by broader debates over its regulation and integration, rather than by partisan rivalry. The politicization of cryptocurrencies is problematic because it undermines their hedge against inflation, gives investors disproportionate influence, and impedes their globalization potential. Cryptocurrency, as an economic…

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Sam Altman, CEO of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, USA, on Tuesday, September 23, 2025.Kyle Grillot | Bloomberg | Getty ImagesOpenAI’s recent release of its AI browser could, if possible, further accelerate historic levels of capital investment in the current AI arms race. Some say this is a bubble because of the reciprocal and cyclical nature of hundreds of billions of dollars in investment commitments tied to future chip purchases and the extent to which GDP growth is dependent on this boom. Harvard economists estimate that 92% of US GDP…

ADP reported on Wednesday that private sector employment growth in October was slightly higher than expected, offering some hope that the labor market is not in danger of sinking.Companies added 42,000 jobs during the month, a gain of 22,000 jobs that followed a decline of 29,000 in September and exceeded the Dow Jones consensus estimate. According to the payroll company, the revised figures for September reduced the number of jobs lost by 3,000.The trade, transport and public works sector added 47,000 jobs, offsetting losses in several other sectors. Education and health services also showed an increase of 26,000 cases, and…