Musk’s feud with Trump muddies xAI debt raising for Morgan Stanley
Bank was close to lining up $5bn for artificial intelligence group when US president and billionaire attacked each other
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Why we should worry about the rise of stablecoins
Asset-backed digital currencies could pose risks to bedrock of global financial system
Winklevoss-backed crypto group Gemini files for Wall Street IPO
Filing comes a day after stablecoin operator Circle surged in its public debut
Top Fed official promises major overhaul of US bank regulation
New vice-chair for supervision Michelle Bowman says she will seek changes to crucial rule over capital holding levels
US fiscal policy is going off the rails — and nobody seems to want to fix it
Democrats and Republicans alike have presided over an unsustainable growth in the debt and deficit
Trump’s steel and aluminium tariffs expected to push import costs up by $100bn
Frequent changes to levies make it difficult to predict how trade of the metals would be affected