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A major battle between crypto firms and the U.S. banking system is now unfolding in Washington, and President Trump has officially stepped into the fight.
At the same time, one of the world’s hottest stock markets just experienced its biggest crash on record, while new signals suggest consumer spending in the U.S. may be weakening.
Today’s Top Stories:
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Trump Backs Crypto in $6.6 Trillion Battle With U.S. Banks Over Stablecoin Yields
A massive financial fight is brewing between crypto firms and traditional banks over whether stablecoins should be allowed to offer interest-like returns. President Trump has now sided with crypto companies, escalating a policy battle that could reshape the future of digital finance and potentially unlock trillions of dollars in new financial activity.
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The World’s Hottest Market Just Crashed. Here’s What It Means for Investors
Panic swept through one of the best-performing stock markets in the world as investors rushed for the exits. Major companies plunged in the biggest one-day selloff on record, raising new concerns about how geopolitical tensions could ripple through global markets.
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Papa John’s Plans to Close 300 Restaurants as Weak Consumer Spending Hits Pizza Chains
Papa John’s plans to close hundreds of underperforming restaurants across North America, many of them older franchise locations struggling to remain profitable. The move highlights a growing challenge facing the restaurant industry as higher costs and cautious consumers weigh on spending.
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Where Did the Tax Refund Surge Go? Economists Say the Stimulus Is Just Delayed
Economists expected a massive wave of consumer spending from tax refunds this year. Instead, the increase has been much smaller than forecast. Some analysts believe the money may simply be arriving later, which could still provide a boost to the economy in the months ahead.
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"The Biggest Gold Mine in History"
So says NVIDIA's CEO about today's "once-in-a-generation" AI infrastructure expansion. Experts say it could push robotics stocks up into a "multi-year supertrend" of gains. But 39k+ investors skipped Wall Street, backing a private company NVIDIA chose to help make robots mainstream: Miso Robotics. Miso's restaurant kitchen AI robot, Flippy Fry Station, has logged 200k+ hours for brands like White Castle. With NVIDIA's help and a new manufacturing partner, Miso's scaling fast.
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Roth IRA vs Traditional: Which Is Better for Your Tax-Free Future?
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America's biggest banks have quietly earned outsized returns for years - while everyday savers collect fractions of a percent.
Now, one income strategist says a little-known investment delivering far higher long-term returns may be available to regular investors.
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