BIS Says Stablecoins Require ‘More Restrictive Regime’ Than Traditional Finance

BIS Says Stablecoins Require ‘More Restrictive Regime’ Than Traditional Finance
BIS Says Stablecoins Require ‘More Restrictive Regime’ Than Traditional Finance
July 11, 2025  |  Cryptocurrency

The growing ties between stablecoins and the traditional financial system pose risks to financial integrity and financial stability, the Bank for International Settlements (BIS) said...

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Costco Sales Rise 5.8%, Driven by Fresh Food and Non-Food Categories
Costco Sales Rise 5.8%, Driven by Fresh Food and Non-Food Categories
July 11, 2025  |  Earnings

Costco’s total company comparable sales increased 5.8% in June, driven by demand for fresh foods and non-food categories like jewelry, major appliances and gift cards....

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AWS Reportedly Set to Launch AI Agent Marketplace
AWS Reportedly Set to Launch AI Agent Marketplace
July 11, 2025  |  Amazon

Amazon Web Services (AWS) will reportedly launch an artificial intelligence (AI) agent marketplace on July 15 during its AWS Summit. Get the Full Story Complete...

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This Week in AI: Nvidia Hits $4 Trillion Market Cap; Reddit Post Reignites AI in Healthcare Debate
This Week in AI: Nvidia Hits $4 Trillion Market Cap; Reddit Post Reignites AI in...
July 11, 2025  |  Artificial Intelligence

This week in artificial intelligence, Nvidia reached a record market capitalization, while Americans are using AI chatbots to get medical advice and restaurants are using...

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S&P Global Downgrades Saks Global’s Credit Rating, Citing Financing Package
S&P Global Downgrades Saks Global’s Credit Rating, Citing Financing Package
July 11, 2025  |  Business

S&P Global Ratings has downgraded its issuer credit rating on Saks Global Enterprises from “CCC+” to “CC,” saying the luxury retailer’s proposed $600 million financing transaction...

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New OCC Head May Focus on Digital Assets and New Bank Formation
New OCC Head May Focus on Digital Assets and New Bank Formation
July 11, 2025  |  Bank Regulation

On Thursday (July 10), the United States confirmed Jonathan Gould as Comptroller of the Currency, becoming the first permanent head of the banking regulator in...

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Why CFO Now Stands for ‘Chief Forecasting Officer’
Why CFO Now Stands for ‘Chief Forecasting Officer’
July 11, 2025  |  CFO

For decades, the title of chief financial officer evoked an image of someone buried in spreadsheets and focused on quarterly closes, regulatory compliance and carefully...

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French and UK Authorities Arrest Suspects in 2 Separate Ransomware Cases
French and UK Authorities Arrest Suspects in 2 Separate Ransomware Cases
July 11, 2025  |  Security & Fraud

Five people have been arrested in Europe in two separate, unrelated cases related to ransomware, Ars Technica reported Thursday (July 10). Get the Full Story...

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Robinhood CEO’s AI Math Wiz Valued at $900M
Robinhood CEO’s AI Math Wiz Valued at $900M
July 11, 2025  |  artificial intelligence

Harmonic AI, the artificial intelligence startup co-founded by Robinhood Markets CEO Vlad Tenev, has raised $100 million in a Series B round, bringing its valuation...

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