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Today: May 19, 2026
Today: May 19, 2026

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BOE weighs alternatives to stablecoin holding limits following industry pushback 

The Bank of England said on Tuesday it is weighing alternatives to holding limits on stablecoins and will publish draft rules next month. • "Temporary guardrails" on total stablecoins issued could address concerns about impact on credit provision at lower cost to the sector than holding limits, Deputy Governor Sarah Breeden said at CityWeek 2026.• The BoE had previously said it would cap holding limits at 20,000 pounds ($26,786) per individual and 10 million pounds per business for sterling stablecoins that are widely used for everyday payments, prompting a backlash from industry.• Sta
BOE weighs alternatives to stablecoin holding limits following industry pushback 
Business|Economy|Finance|Stock Markets|World

Investors see no let-up in bond market strain 

The latest sharp selloff in U.S. Treasuries may be far from over.A combination of stubborn inflation, shifting expectations about interest rates, and changes in investor behavior could keep pressure on bond prices and drive yields even higher in the weeks ahead, analysts said.For months, many investors have viewed the 4.5% yield on the benchmark 10-year note as an attractive point to step in and buy bonds. But as yields surged through that level, market participants adjusted their view of where buyers would next bite."The question going forward is: will guys really buy here because I believe
Investors see no let-up in bond market strain 
Asia|Business|Economy|World

Lee and Takaichi hold 4th meeting in 6 months to push South Korea-Japan cooperation

South Korean President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi held their fourth meeting in about six months on Tuesday, underscoring the need for greater cooperation between the historical Asian rivals amid global challenges, including the Iran war. Lee hosted Takaichi in his hometown of Andong, a southeastern South Korean city famous for its centuries-old traditional folk village, a UNESCO World Heritage site. In January, the two met in Takaichi’s hometown of Nara, an ancient Japanese capital. The meetings marked the first time sitting leaders
Lee and Takaichi hold 4th meeting in 6 months to push South Korea-Japan cooperation

US News

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What to know about Trump’s $1.8 billion taxpayer-fueled fund for his allies

The unprecedented lawsuit President Donald Trump brought against the Internal Revenue Service over the unauthorized disclosure of his tax returns years ago has led to an unprecedented arrangement that will make nearly $1.8 billion in taxpayer funds available to allies of the president who say they were unfairly investigated by the government in the past.The announcement of the “Anti-Weaponization Fund” by the Justice Department on Monday immediately drew criticism from Democrats, public interest groups and former government officials who argued that Trump was using the levers of the govern
What to know about Trump’s $1.8 billion taxpayer-fueled fund for his allies
Election|Political|US

Pelosi endorses Connie Chan in race to replace her in San Francisco

Nancy Pelosi is officially wading into the race to replace her in Congress, endorsing San Francisco supervisor Connie Chan after weeks of more subtly expressing her support.“Connie understands San Francisco — our values, our diversity, our communities, and our responsibility to lead with both compassion and strength. She’s a mom who knows her power and knows her why. I am confident Connie is ready to bring clarity and purpose to the work ahead — for the children,” Pelosi says in a video that the Chan campaign will release on Tuesday morning, ending with one of her most famous phrases
Business|Crime|Environment|Lifestyle|US|World

Thousands ordered to evacuate as Southern California wildfire threatens homes

Thousands of people were ordered to evacuate Monday as a wind-driven wildfire threatened suburban homes in Southern California. The Sandy Fire was reported around 10 a.m. in hills above Simi Valley, about 30 miles (48 kilometers) northwest of Los Angeles. By mid-afternoon it had consumed more than 500 acres (200 hectares) of dry brush and damaged at least one home, according to the Ventura County Fire Department. The flames were pushed by morning gusts that topped 30 mph (48 kph) but were subsiding later in the day, said according to fire department
Thousands ordered to evacuate as Southern California wildfire threatens homes
Crime|Political|US|World

Minnesota officials charge ICE agent in shooting of Venezuelan immigrant

Prosecutors in Minnesota on Monday charged a U.S. Immigration and Customs Enforcement agent with assault in connection with the shooting of a Venezuelan immigrant in Minneapolis in January during President Donald Trump's immigration crackdown in the city.Christian Castro, 53, was charged with four felony counts of second-degree assault with a dangerous weapon and a misdemeanor of falsely reporting a crime, Hennepin County Attorney Mary Moriarty told a press conference.Castro was the second federal agent to be charged by Minneapolis officials in connection with Trump's immigration enforcement

World News

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Africa|Business|Economy|Political|World

Trump administration proposes admitting more White South African refugees

The Trump administration is proposing increasing the refugee admissions ceiling for fiscal year 2026 to 17,500 for White South Africans, according to an emergency determination sent to Congress and obtained by CNN.Last year, the administration restricted the number of refugees allowed to enter the country annually to 7,500, with a focus on White South Africans, slashing the previous year’s ceiling of 125,000 and excluding some of the world’s most vulnerable populations.President Donald Trump has justified the administration’s decision to resettle Afrikaners in the US by citing claims tha
Trump administration proposes admitting more White South African refugees
Environment|Health|Political|Science|World

Landmark regulations against ‘forever’ toxins removed by Trump administration

Key Biden-era regulations designed to protect the nation’s drinking water from the most dangerous cancer-causing per-and polyfluoroalkyl substances, or PFAS, were removed by the Trump administration Monday.Manufactured since the 1940s to make products nonstick, stain-resistant and water-repellent, PFAS chemicals have been linked to cancer, obesity, thyroid disease, high cholesterol, decreased fertility, liver damage, hormone disruption and damage to the immune system, according to the US Environmental Protection Agency.Because PFAS can last for many decades in the environment, they are often
Science|Technology|World

On eastern Ukraine's 'Road of Life,' death-delivering drones hunt for targets

The “Road of Life” – pockmarked, laden with torched vehicles and covered with netting to block drones – fights its name. A lifeline resupplying Ukrainian troops on the toughest of front lines, sometimes by robotic delivery, the stretch of asphalt from Druzhkivka to Kostyantynivka is purely about survival.Ukrainian troops, often emerging exhausted after months pinned down in the same position, move almost exclusively by foot, passing the burned-out vehicles of those who chose to try to dodge the drones with speed, rather than by being small.Drones now rule the war in Ukraine and the onl
On eastern Ukraine's 'Road of Life,' death-delivering drones hunt for targets
Europe|Science|Technology|World

Dodging the drones: Aerial attackers stalk Ukrainian troops, and a CNN team, on a key road to the front

The “Road of Life” – pockmarked, laden with torched vehicles and covered with netting to block drones – fights its name. A lifeline resupplying Ukrainian troops on the toughest of front lines, sometimes by robotic delivery, the stretch of asphalt from Druzhkivka to Kostyantynivka is purely about survival.Ukrainian troops, often emerging exhausted after months pinned down in the same position, move almost exclusively by foot, passing the burned-out vehicles of those who chose to try to dodge the drones with speed, rather than by being small.Drones now rule the war in Ukraine and the onl

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Crime|Election

Fact check: Colorado governor’s misleading rationale for freeing election denier Tina Peters

Fact check: Colorado governor’s misleading rationale for freeing election denier Tina Peters
Business|Economy|Environment|Finance|Stock Markets|US|World

NextEra, Dominion want to create a massive power company as AI drives energy demand in the US

NextEra Energy is seeking to acquire Dominion Energy in an all-stock deal valued at about $67 billion, creating a massive power company as the energy needs of artificial intelligence drive demand higher in the U.S. It is one of the biggest proposed mergers so far this year and would create the world’s biggest regulated electric utility business by market capitalization, the companies said on Monday

Business|Economy|Finance|Political|US|World

Justice Department announces nearly $1.8B fund to compensate Trump allies in a deal to drop IRS suit

The Trump administration has announced the creation a nearly $1.8 billion fund to compensate allies of the Republican president who believe they have been unjustly investigated and prosecuted

Business|Crime|Economy|Finance

What to know about Trump’s nearly $1.8B fund to compensate allies claiming political targeting

What to know about Trump’s nearly $1.8B fund to compensate allies claiming political targeting
Business|Economy

Negotiators reach a deal to end strike on North America’s busiest commuter rail system

Negotiators have reached a deal to end a strike that has brought North America’s largest commuter rail system to a standstill

Business|Economy|Fashion and Beauty|Sports|Technology

Lululemon calls founder’s ideas ‘misguided’ in public letter

Lululemon calls founder’s ideas ‘misguided’ in public letter

Business|Economy|Finance|Political|Stock Markets|US|World

The Latest: Trump calls off Iran strike planned for Tuesday to allow for ‘serious negotiations’

The Latest: Trump calls off Iran strike planned for Tuesday to allow for ‘serious negotiations’
Election|Political|World

What to expect in Georgia's primaries

Voting will conclude in the swing state of Georgia in competitive primaries for governor and a U.S. Senate seat that could decide control of the closely divided chamber

Business|Economy|Travel|World

Talks raise hopes of progress in strike at America’s busiest commuter railroad

Talks raise hopes of progress in strike at America’s busiest commuter railroad

Business|Economy|Finance|Stock Markets|World

How to inflation-proof your investments

How to inflation-proof your investments

California & Local

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Local

From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls

From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

Technology

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Business|Economy|Science|Technology|World

Anthropic to let partners share Mythos cybersecurity findings with others

Anthropic to let partners share Mythos cybersecurity findings with others
Business|Economy|Science|Technology

OpenAI avoided a costly court loss to Elon Musk, but neither side is unscathed

OpenAI avoided a costly court loss to Elon Musk, but neither side is unscathed
Business|Crime|Economy|Education|Entertainment|Environment|Europe|Health|Lifestyle|Political|Sports|Technology|World

Explosion at Searsmont lumber mill kills Maine firefighter, leaves multiple in critical condition

Explosion at Searsmont lumber mill kills Maine firefighter, leaves multiple in critical condition
Arts|Business|Entertainment|Technology

A filmmaking tool or an existential threat: Cannes Film Festival weighs the rise of AI

A filmmaking tool or an existential threat: Cannes Film Festival weighs the rise of AI