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Stablecoins could finally bring cross-border payments into the digital age, argues XTransfer CEO Bill Deng | Fortune
Bill Deng, CEO of China-based fintech platform XTransfer, thinks stablecoins can help finally digitize business-to-business transactions, often still stuck in a world of PDFs and emails. Much of cross-border trade now operates around the clock. Ports, airports, and fulfillment centers...
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U.S. debt concerns weigh on Trump’s plan to supersize the Pentagon’s budget to $1.5 trillion, highlighting this law about great-power status | Fortune
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President Donald Trump’s plan to boost defense spending 50% to $1.5 trillion has reportedly run into some resistance, including fears about adding to the $38.5 trillion mountain of U.S. debt.Sources told The Washington Post that White House budget chief...
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Below zero: Fed governor wouldn’t be surprised at negative job growth number | Fortune
Federal Reserve governor Christopher Waller said Monday that solid job gains in January could mean the central bank can skip a rate cut at its next meeting in March, a decision that would likely spur further attacks by President Donald Trump.At the same...
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In less than a year, Trump erased 12 years of solvency for the trust fund that pays for Medicare Part A | Fortune
Recent policy changes and economic shifts have slashed 12 years off the projected lifespan of the trust fund that pays for Medicare Part A, according to a newly updated report from the Congressional Budget Office (CBO). The Hospital Insurance...
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Crowdfunded generosity isn’t taxable – but IRS regulations haven’t kept up with the growth of mutual aid
Have you ever received some money through a GoFundMe campaign or Venmo or CashApp transfers after a medical emergency, natural disaster or other crisis?If so, you may have also gotten an unwelcome surprise: a federal...
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Self-driving taxis hit London, a city with such complex streets that it has a ‘Knowledge’ test that takes cabbies years to pass | Fortune
The Ford Mustang Mach-E cruises down a London road choked with traffic, using its onboard AI system to avoid jaywalkers and cyclists, and navigate roadwork as it drives to its destination.The autonomous vehicle from British startup Wayve Technologies is...
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CEOs who despised Trump’s tariffs are still quiet after Supreme Court ruling | Fortune
Good morning. Now that the Supreme Court ruled against Donald Trump using his emergency powers to impose tariffs, what’s next? After all, the U.S. president responded by immediately creating tariffs under a different law, Section 122 of the 1974...
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Why Trump’s ‘greatest economy’ boasts could hurt him with voters | Fortune
“I inherited a mess,” President Trump told an audience of supporters in Georgia last Thursday, referring to the U.S. economy. The Democrats “caused the affordability problem, and we’ve solved it!” he bragged. Two days earlier on Fox Business he had...
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DBS, Southeast Asia’s largest bank, partners with VC giant Granite Asia to counter the region’s lack of capital | Fortune
DBS, Southeast Asia’s largest bank, and Granite Asia, an Asia-focused investment fund, are launching a new “first-of-its-kind” partnership to support new startups, underpinned by a new $110 million AI-focused IPO fund offered exclusively to DBS’s high-wealth clients.The partnership, which...
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Delta expects to halt flights at NYC, Boston airports for storm | Fortune
Delta Air Lines Inc. said it expects to suspend operations at New York’s LaGuardia and John F. Kennedy International airports as well as Boston Logan International Airport into Tuesday as a major blizzard heads for the region.“The storm is...
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Fraud conviction overturned for Hong Kong’s Jimmy Lai, ex-media mogul and democracy activist
An appellate court in Hong Kong reversed fraud convictions against former media tycoon Jimmy Lai....