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June 02, 2026 Agencies remove additional references to reputation risk Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 11:00 a.m. EDT The federal bank regulatory agencies today jointly updated certain interagency documents to remove references to reputation risk. The agencies are taking this action to complement their earlier actions that ended the use of reputation risk in supervision. As the agencies have previously noted, reputation risk can be misused by supervisors as a basis to encourage or pressure a bank to restrict individuals’…

Nvidia (NASDAQ: NVDA) and Micron Technology (NASDAQ: MU) have been at the center of the artificial intelligence (AI) infrastructure boom in recent years, as they design and manufacture mission-critical chips that help run AI applications. Not surprisingly, shares of both companies have delivered stellar returns. Nvidia stock has shot up 492% over the past three years. Micron, on the other hand, has jumped by a stunning 1,420% over the same period. The good part is that both companies can continue to deliver healthy gains, primarily due to the massive investments in AI data centers. Missed Nvidia in 2009? This Rare…

Amazon: Bullish Elliott Wave Setup Targets $300

Netenyahu blasts ‘fraudulent lies’ in digital information battleIsrael is fighting a battle against “horrendously unfair and fraudulent lies,” Netanyahu saidAddressing global criticism of the war, Netanyahu took aim at certain western television stations and social media outlets, adding that the country must “get better” at fighting what he called the “digital information battle.””The question is, do you succumb to the lies? No I protect my people,” he said. “They hate us because we do defend ourselves. What do we do? Stop defending ourselves? Of course not — we have to fight.”— Hugh LeaskIsraeli economy expected to outperform in 2026Israeli Prime…

US factory orders post biggest gain in 11 months in April

Federal Reserve Chairman Kevin Warsh departs from the East Room of the White House after a swearing-in ceremony, May 22, 2026.Aaron Schwartz | AFP | Getty ImagesFederal Reserve Chair Kevin Warsh has hired two conservative economic policy researchers to work with him at the central bank, according to a person familiar with the matter who asked not to be named to discuss sensitive personnel matters.The two researchers are Paul Winfree, the author of the chapter on the Federal Reserve in the conservative policy blueprint “Project 2025,” and Daniel Heil, a fellow at Stanford’s Hoover Institution think tank, where Warsh held…

delivered a strong first quarter, posting record sales and earnings that topped Wall Street expectations. The results extended the retailer’s recent run of strong quarters and highlighted continued strength across its brands. Investors were pleased with the results, sending shares modestly higher following the earnings release. Since then, however, the stock has drifted lower. The pullback may reflect concerns about tariffs and freight costs, or perhaps some profit-taking after the stock hit an all-time high in January. Record Results Driven by Strength Across Brands For the first quarter of fiscal 2027, Urban Outfitters, whose portfolio includes retail brands such as…

A new all-electric aircraft made a test flight in New York City. Our transportation reporter Niraj Chokshi describes what to know.

Today the Office of the Comptroller of the Currency (OCC), along with the Federal Deposit Insurance Corporation (FDIC) and the Board of Governors of the Federal Reserve System (collectively, the agencies), reissued 15 interagency guidance documents in which references to reputation risk have been removed. The agencies are issuing some of these documents along with the other members of the Federal Financial Institutions Examination Council (FFIEC) or other entities, such as the National Credit Union Administration and the Financial Crimes Enforcement Network (FinCEN). The agencies continue to review interagency documents and expect to expeditiously remove any further references to reputation…

Why “User Growth” Is a Broken Metric in Web3For years, crypto projects have proudly displayed one metric above all others: user growth.More wallets. More sign-ups. More “community members.”More is assumed to mean better.But in Web3, that assumption quietly collapses under scrutiny.Because most “users” are not users at all.They are temporary incentive responders.And that changes everything.The Illusion of GrowthAt first glance, Web3 growth looks explosive.A protocol launches a campaign → thousands of wallets appear overnight.A DeFi app releases points → usage spikes.An airdrop is announced → activity charts go vertical.From the outside, it looks like adoption.But if you zoom in, a…