A regulator doesn't have to explicitly say "don't do something" in order to tell entities it regulates to not do that something, witnesses testified Thursday at a House subcommittee hearing on the debanking of legal digital-asset companies.
Why it matters: Allegations of unfair treatment against multiple businesses in a disfavored but legal industry raise concerns about the subjectivity and opacity in banking regulation.
A D.C. federal judge called the FDIC's interpretation of a court order to release all documents on a cryptocurrency policy matter "almost laughable" in a hearing transcript the plaintiffs released Thursday.
Why it matters: The judge warned the agency that if it can't reliably prove relevant documents were preserved, it will be in for sanctions from the court.
A federal judge on Thursday pushed back the deadline for government employees to decide whether or not to take the "buyout" offer from the Trump administration.
Why it matters: The deadline had been midnight Thursday, but there is now a restraining order until Monday.
The companies in Stargate, the new consortium to build out AI infrastructure for OpenAI, are actively considering siting new data center projects in more than a dozen states, OpenAI announced Thursday.
Why it matters: President Trump has thrown his administration's weight behind the $100 billion to $500 billion project involving OpenAI, SoftBank, Oracle and the UAE's MGX.
The communication team at American Airlines had to activate a crisis plan it hoped it would never have to use after last week's midair collision of a passenger jet and Army helicopter that claimed 67 lives.
Why it matters: Responding to a tragedy of this magnitude requires clarity, discipline and speed.
President Trump's social media company, which previously said it was moving into offering investment products, said Thursday that it's taken the first steps toward launching a bitcoin ETF.
Why it matters: A company majority owned by the president is launching a financial product that potentially benefits from his policy positions, one that will have to be approved by regulators Trump appointed.
Honeywell on Thursday announced that it will split into three separate businesses, following pressure from activist investor Elliott Investment Management.
Why it matters: This is the latest in a recent series of high-profile industrial breakup plans, following General Electric and Emerson Electric. Plus Belgian cement giant Titan Cement seeking to spin off its U.S. business via IPO.
It's been more than two years since Bally's won the right to build a riverfront casino in Chicago, but some of the IPO financing now is being threatened by a civil rights lawsuit.
Why it matters: The central bank now expects the U.K. to grow slightly, alongside somewhat higher inflation risks — a toxic mix that could weigh on a global economy that might already take a hit from Trump tariffs.
In a rebuke of the Trump administration, Panama has refuted a claim by the U.S. State Department that American vessels can now transit the Panama Canal without being charged fees.
Why it matters: The dispute comes shortly after the State Department made the announcement Wednesday evening. President Trump has pushed to regain control of the canal — one of the world's most significant pieces of infrastructure.
Office occupancy hit 54.2% in January, per the latest swipe data from Kastle Systems, a post-pandemic record high, but not much to write home about (in fact, many of you are probably working at home and reading this).
Why it matters: The return-to-office push by many of the nation's employers, now including the White House, is slowly getting folks back to in-person work, but it's becoming clear that we are in a new world of hybrid work.
Former Vice President Kamala Harris' unedited "60 Minutes" interview was posted in full online by CBS News and the Federal Communication Commission (FCC) on Wednesday.
The big picture: President Trump filed a lawsuit against the network ahead of his election win over Harris, alleging the interview with the Democratic presidential candidate was deceptively edited. CBS maintains it did nothing wrong and said in a Wednesday post the interview "was not doctored or deceitful."
A coalition of labor groups filed suit Wednesday seeking to stop DOGE from coming to the Labor Department and gaining access to some of the world's most vital macroeconomic data.
Why it matters: This isn't the first lawsuit against Elon Musk's so-called Department of Government Efficiency, but appears to be one of the first filed as a preventative measure — instead of after some major action.
Anchorage Digital, a crypto-bank that got debanked, testified before a Senate committee Wednesday on behalf of its industry, one that claims it has had an unfairly hard time holding onto financial services in recent years.
Why it matters: Perceived widespread debanking — the term for when a bank denies or closes specific customer accounts for any number of often unexplained risks — has spurred accusations from the crypto world of a targeted government crackdown on the industry since early in 2023.
Two deadlines are threatening to scuttle Speaker Mike Johnson's (R-La.) precious plan for one, big budget bill.
Why it matters: President Trump's Friday night dinner with senators at Mar-a-Lago is the soft deadline. Sen. Lindsey Graham's (R-S.C.) plan to move his own bill next week is the hard one.
