Tether, the world’s largest stablecoin issuer, is preparing to launch a U.S.-based stablecoin as soon as this year, as its CEO ramps up his presence in Washington to shape crypto regulation. In an interview with CNBC this week, Tether CEO Paolo Ardoino revealed that the company is working on plans to issue a new dollar-pegged stablecoin in the U.S. as soon as this year. The move comes as Tether, once accused of being a criminal’s ‘go-to cryptocurrency’ – rebrands itself as a partner to American lawmakers and law enforcement. “A domestic stablecoin would be different from the international stable coin,”…
Author: Amelia Greene
It’s no secret that artificial intelligence is changing the way we work. In fact, “roughly two-thirds” of jobs posted on Indeed require skills that AI could perform reasonably well, says the CEO of the job-search platform, Chris Hyams. That doesn’t mean you should throw your hands up and prepare for AI bots to take your job, however: There are many roles AI isn’t capable of doing, and even more that it’ll never be equipped to do, Hyams says. “We have 300 million plus job seekers coming to Indeed every month … and there’s a lot of anxiety [about whether] AI is…
The Berkshire Hathaway board voted unanimously on Sunday to make Greg Abel president and CEO on Jan. 1, 2026, and for Warren Buffett, 94, to remain as chairman, the company said. Buffett shocked Berkshire shareholders and Abel by announcing in the final minutes of the company’s annual shareholder meeting Saturday that he would be asking the board to replace him as CEO at year-end with the current vice chairman of noninsurance operations for Berkshire. Buffett, who is both chairman and CEO, did not make it clear at the time whether this would mean he would relinquish the chairman title as well, although he did…
Amazon CEO Andy Jassy says he’s never been afraid to pose questions. As a kid, Jassy persistently asked family and friends, “Why?” to learn about the world — “perhaps to an annoying extent,” he wrote in his most recent annual letter to shareholders, which published on April 10. Throughout his tenure at the $2.01 trillion company, Jassy has noticed that the same simple question has helped Amazon, and its employees, become successful, he wrote. The employees and teams who most ask “Why?” and regularly prod for more answers, are the ones that best break down complex problems and create new products,…
Jim Cramer on Wednesday expressed faith in Starbucks CEO Brian Niccol’s ability to execute a turnaround, even though the coffee chain’s quarter missed expectations and failed to impress Wall Street. “This is a case where you simply have to bet on the jockey and remember that he can turn the horse around and make it a winner,” he said. Starbucks reported weaker-than-expected earnings and revenue, posting another quarter of same-store sales declines. Shares dipped during Wednesday’s session, finishing down 5.66%. Niccol admitted the results were “disappointing” on the earnings call, but he claimed that “behind the scenes, we really are showing a lot of signs of progress.”…
When it comes to homebuying, realtors like to say “marry the house, date the rate” — but the phrase makes Erin Sykes “cringe.” “We’ve heard it a lot over the last few years,” the Florida-based realtor “It’s not good advice.” The phrase suggests that homebuyers should commit to a house — like a marriage — while treating the mortgage rate as something temporary — like dating — with the assumption that they can refinance later when rates drop. But that expectation ignores the cost of refinancing, which can range from 2% to 6% of the loan balance — an expense that can add…
Mortgage rates have barely budged in the last month. That, and a broader concern among consumers about the state of the economy, has also kept mortgage demand muted. Total mortgage application volume dropped 1.6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased to 6.70% from 6.71%, with points increasing to 0.62 from 0.60, including the origination fee, for loans with a 20% down payment. Applications to refinance a home loan dropped 6% for the week…
A new chief executive takes over at Boeing on Thursday, and he plans to walk the floor of the factory near Seattle that has become the heart of the aerospace giant’s troubles. Robert “Kelly” Ortberg takes over a money-losing company that has agreed to plead guilty to conspiracy to commit fraud, is struggling fix its aircraft-manufacturing process, and can’t bring two astronauts home from the International Space Station because of flaws in a spacecraft it built for NASA. “I’m excited to dig in!” Ortberg told employees on his first day in the job. Boeing announced Ortberg’s selection just over a week ago, on the same day…
Buying a house — the most expensive purchase of your life — fundamentally sucks. The industry that facilitates real estate transactions is far more vast and opaque than most people expect when they decide to begin the buying process. And you don’t have any choice but to enter the labyrinth if you want to unlock that ultimate badge of adulthood, homeownership. It is emotional and full of paperwork and tends to making buyers feel, undeservedly, stupid. Much of that is by design, reinforced by the National Association of Realtors, a mega trade group with monopoly-like control over US real estate.…
On Saturday, a new set of rules governing how most real estate professionals do business in the US officially take effect — and the changes could potentially upend how Americans buy and sell homes. The rules were agreed to by the National Association of Realtors, the powerful trade association that counts 1.5 million members, as part of a $418 million settlement into antitrust claims. The rules are designed to transform the way Realtors get paid and who pays them. It’s the largest change to the organization’s rules in at least a generation. In a statement, Kevin Sears, NAR’s president, said that the…