The Federal Reserve's inspector general reported management failures led to major cost overruns in the Fed's headquarters renovation but found no evidence of criminal conduct. This clears former Fed Chair Jerome Powell of allegations of wrongdoing and perjury related to the project. The renovation costs ballooned by about $1 billion due to design changes and unforeseen issues. Fed Chairman Kevin Warsh has pledged to implement the report's recommendations and conduct a full audit, while Powell remains a Fed governor until 2028.
The Federal Reserve's renovation project cost overruns provide context for the Financials sector data on Pluang. For readers following this sector, here is Pluang's market snapshot as of Sep 30, 2026 23:41 WIB: out of 85 priced stocks, 15 rose while 69 fell. Notably, WULF traded at USD 14.81 with a 1-day change of -1.86% and a typical hold time of 16 days, contrasting with PYPL at USD 52.97, down 1.71%, held typically for 105 days, and FUTU at USD 111.23, down 1.55% with a 33-day hold time and 100% sell order activity.
XRP's price recovered above $1.50 following a shareholder vote approving Evernorth's merger with Armada Acquisition Corp. II, which advances the Ripple-backed company's plan to list on Nasdaq under the ticker XRPN. The merger approval is a key step t...
Circle has introduced three developer kits for its Arc blockchain that enable apps to embed USDC and EURC stablecoin purchases, lending via the Morpho protocol, and Bitcoin-backed loans using cirBTC collateral without needing to write smart contracts...
Cardinal Health reported robust fiscal year 2026 results, including 14% revenue growth, a 20% increase in gross margin, and doubled free cash flow. Despite challenges like thin margins and higher current liabilities, the company remains strong with F...
At OpenAI's Dev Day, CEO Sam Altman introduced the Decisions API, a tool that allows AI models to quickly choose from predefined options, enhancing speed and reducing costs. This API is similar to TypeSafe AI's Jev, which is designed for fast, effici...
LayerZero has strengthened its role in regulated stablecoins through new institutional partnerships, including Anchorage Digital for Tether’s USAT stablecoin and BDACS for a Korean won-backed stablecoin. These integrations expand LayerZero’s infrastr...
