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The Bank of England has issued a warning that artificial intelligence poses a potential risk to financial stability, adding regulatory weight to a debate that has been building across central banks, prudential supervisors and the financial institutions they oversee. The warning places the UK’s central bank alongside a growing cohort of regulators who view AI not merely as a productivity tool but as a source of new, poorly understood systemic exposure. The core concern is structural. When AI models are used for forecasting, credit decisioning, liquidity management or trading strategy, and when those models share similar training data, architectures or…

Key PointsThe disposition of ~900,000 shares realized a transaction value of ~$74.0 million across several execution windows on July 13, 2026 and July 14, 2026.The sale represented a 7% reduction in the total equity stake previously held by the reporting person.The transaction was entirely indirect, involving shares held in a revocable trust.10 stocks we like better than Best Buy ›Richard M. Schulze, the founder and Chairman Emeritus of Best Buy Co., Inc. (NYSE:BBY), sold 900,000 shares on July 13 and July 14, 2026, according to the SEC Form 4 filing.Transaction summaryMetricValueTransaction value~$74.0 millionShares sold (indirectly held)900,000Post-transaction shares (indirectly held)11,600,000Post-transaction value$976.89…

Chronometer Partners’ Matthew Smith says investors and markets are not prepared for a natural-gas shortage.

Treasury Secretary Scott Bessent joins ‘Mornings with Maria’ to discuss the Trump administration’s payment verification system that blocked ‘about $100 million’ in payments to deceased people and could stop $350 million this year. The U.S. Department of the Treasury has prevented nearly $99 million in federal payments from being disbursed to deceased individuals using a new verification system deployed under President Donald Trump’s executive order targeting government fraud, waste and abuse. Following Executive Order 14249, “Protecting America’s Bank Account Against Fraud, Waste, and Abuse,” the Department of the Treasury and the Bureau of the Fiscal Service implemented a verification process…

The Central Bank of Hungary (MNB) has continued to loosen policy by enacting a 25 basis point cut.MNB governor Mihály Varga announced today (July 21) that it was easing the policy rate from 6% to 5.75%, a four-year low. He said the bank’s monetary policy committee (MPC) had reached the decision unanimously.Varga justified the decision by saying annual inflation had dropped from 1.8% in May to 1.7% in June, while core inflation had remained unchanged at 2%. The MNB targets 3% annual headline Only users who have a paid subscription or are part of a corporate subscription are able to…

Augustus, a startup building a federally chartered clearing bank for fintechs and financial institutions, said it raised $180 million to expand its dollar payment infrastructure as stablecoins reshape global finance.The fundraising valued the company at $1 billion, with Tiger Global leading the round and investors such as Hummingbird, QED and the founders of Nubank, Ramp, Circle and Deel participating, the company said in a Tuesday press release.The investment comes as banks, fintechs and crypto firms are racing to modernize the infrastructure behind cross-border payments. While much of the attention has centered on stablecoin issuers, Augustus is targeting a less visible…

Wall Street wants to see whether Tesla can deliver on its robotaxi and Optimus plans.

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxVietnam has tightened oversight of its pilot crypto market with fines reaching VND 200 million.Decree No. 284/2026/ND-CP, sets penalties for breaches involving crypto issuance, trading and related services.It takes effect on 1 September 2026 and will remain in force until the pilot framework ends.The rules apply to issuers, service providers, investors and other market participants.Organisations face fines of up to VND 200 million, while individuals generally face half the corresponding amount.Issuers may receive the maximum fine for offering crypto assets to ineligible investors, failing to meet issuance conditions…

(RTTNews) – Amazon.com, Inc. (AMZN) announced Tuesday that Amazon Business has breached the $60 billion mark in annualized gross sales in the second quarter, helping over 11 million organizations worldwide simplify their business buying. Amazon Business is being used by organizations of all sizes, from hospitals and schools to factories and hotels, to buy what they need to operate. It offers AI-powered tools, business-relevant selection, everyday low prices, delivery fleets purpose-built for businesses, and expanded Prime Business membership benefits. Amazon Business has boosted its selection by nearly 30% globally this year, with expansion in categories like repair tools, fresh groceries,…

This photograph taken on Jan. 21, 2026 shows signage of the Coinbase logo during the World Economic Forum (WEF) annual meeting in Davos. Ina Fassbender | AFP | Getty ImagesAs bitcoin prices fell yet again in the second quarter, traders on prediction market platform Kalshi think Coinbase’s trading volumes suffered once again. The cryptocurrency trading platform is expected to post a third consecutive quarterly decline of trading volumes, and speculators are also feeling confident that total trading volume will slip below $200 billion for the first time since third quarter 2024. Traders give a 41% chance that trading volume is above $160…