• Trump administration appears unlikely to win bid to shut down CFPB

    Trump administration appears unlikely to win bid to shut down CFPB

    A full federal appeals court is exploring the Trump administration’s efforts to fire most employees at the Consumer Financial Protection Bureau (CFPB). Judges at the U.S. Court of Appeals for the District of Columbia appeared skeptical of White House claims that federal courts do not have the power to block the government from firing 90%…

  • Crypto.com receives conditional approval for national trust bank charter

    Crypto.com receives conditional approval for national trust bank charter

    Crypto.com has received conditional approval from the Office of the Comptroller of the Currency for a national trust bank charter, allowing the digital assets firm to operate as a federally regulated custodian. The charter will enable Crypto.com to manage client assets and handle trade settlements, although it will not permit cash deposits or loan issuances….

  • Trump considers new national security tariffs after Supreme Court ruling

    Trump considers new national security tariffs after Supreme Court ruling

    The Trump administration is weighing new national security tariffs on a number of industries, including large-scale batteries, cast iron and iron fittings, plastic piping, industrial chemicals and power grid and telecom equipment, after last week’s Supreme Court decision that invalidated many of his second-term levies, the Wall Street Journal reports. The new tariffs would be…

  • NASA releases report on botched Boeing Starliner test flight

    NASA releases report on botched Boeing Starliner test flight

    NASA has said the botched 2024 Starliner mission, which left two astronauts stranded in space for nine months, was a “Type A” mishap – at the same level assigned to the fatal 2003 Columbia and 1986 Challenger space shuttle disasters. The category is reserved for incidents causing more than $2m in damage, the loss of…

  • Zuckerberg defends Meta in landmark social media addiction trial

    Zuckerberg defends Meta in landmark social media addiction trial

    Meta Platforms CEO Mark Zuckerberg repeatedly said during a landmark Los Angeles trial over youth social media addiction that the Facebook and Instagram operator does not allow children under 13 on its platforms. Zuckerberg maintained that lawyers were “mischaracterising” communications in multiple internal documents which suggested they were a key demographic. Mark Lanier, a lawyer…

  • Amazon cancels Ring-police partnership after privacy backlash

    Amazon cancels Ring-police partnership after privacy backlash

    Amazon has scrapped a planned partnership between its Ring doorbell unit and surveillance firm Flock Safety following widespread public criticism over privacy concerns. The proposed integration would have allowed law enforcement to request home video footage from Ring users through Flock’s automated license plate recognition system. Although participation would have been voluntary, critics warned the…