President Donald Trump has signed an executive order to create a government reserve of bitcoin, marking a significant step towards mainstream acceptance of cryptocurrency. According to David Sacks, Trump’s “crypto czar,” the U.S. will retain approximately 200,000 bitcoin seized in various legal proceedings, saying: “The U.S. will not sell any bitcoin deposited into the Reserve….

Boeing CEO Kelly Ortberg has said the company needs a more open culture where staff are encouraged to speak up and communicate across divisions, according to a transcript of a meeting seen by Reuters. “We’re very insular” and “we don’t communicate across boundaries,” Ortberg said in the webcast from St. Louis, Missouri, the headquarters of…

U.S. consumers are bracing for the impact of new tariffs imposed by President Donald Trump, which include a 25% duty on various products from Mexico and Canada. GlobalData managing director Neil Saunders said that businesses will inevitably have to lift product costs, adding: “There’s no way that retailers can afford to absorb all of this…

Wells Fargo’s net-zero emissions target for its financed portfolio has been scrapped. The bank announced that the goal, which was to have been implemented by 2050, had relied on factors including public policy, consumer behavior and technological advancements which it said are outside its control. The company added that “Many of the conditions necessary to…

Apple has suspended a new artificial intelligence (AI) feature that drew criticism and complaints for making repeated mistakes in its summaries of news headlines. The tech giant had been facing mounting pressure to withdraw the service, which sent notifications that appeared to come from within news organizations’ apps. “We are working on improvements and will…

In Davos, Switzerland, Paul Ryan, the former speaker of the U.S. House of Representatives, has expressed his support for President Donald Trump’s economic personnel choices, saying that the administration is “off to a good start, with first-round draft picks in the economic policy roles.” He emphasized the need to manage the nation’s growing debt, warning…