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Senate Passes GENIUS Act

Senate Passes GENIUS Act

In a historic vote on Tuesday, the U.S. Senate passed the GENIUS Act, a sweeping bill that for the first time establishes federal standards for U.S. dollar-pegged stablecoins. The legislation passed 68–30, marking a significant step in integrating digital assets into...

Nippon Steel to Finalize U.S. Steel Acquisition

Nippon Steel to Finalize U.S. Steel Acquisition

Japan’s Nippon Steel is set to finalize its acquisition of U.S. Steel for $55 per share, following a green light from President Donald Trump on Friday. Trump described the agreement as a “partnership” and announced that Nippon will invest $14 billion in U.S....

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IRS Says Churches Can Endorse Political Candidates

IRS Says Churches Can Endorse Political Candidates

In a landmark shift, the Internal Revenue Service (IRS) has stated in a new federal court filing that churches may now endorse political candidates to their congregations without risking their tax-exempt status — a dramatic reinterpretation of the Johnson Amendment...

SoFi (SOFI) Stock Rises 7%

SoFi (SOFI) Stock Rises 7%

Shares of SoFi Technologies (NASDAQ: SOFI) surged 7% in early trading Tuesday following the announcement of a strategic partnership with Cashmere, a next-generation venture capital firm focused on making startup investing more accessible. Cashmere revealed that its...

Jeff Bezos Offloads $737M in Amazon Stock

Jeff Bezos Offloads $737M in Amazon Stock

Jeff Bezos recently sold 3.3 million shares of Amazon (AMZN), a transaction worth approximately $737 million as of June 30. The sale is part of an ongoing pattern in which the Amazon founder has steadily reduced his stake in the company he created. Bezos now owns...

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