A bank that exists mostly as computer software is getting ready to open in Dallas. This isn’t a regular bank with tellers and vaults. Instead, it plans to handle money transfers, hold digital coins, and process payments using blockchain technology. The bank got the green light from U. S. regulators
A former baseball star now waits for his fate after legal troubles linked to illegal gambling. Federal prosecutors recently asked a court to send him to prison for 18 months. They also want him to pay a $55, 000 fine and serve three years on probation. The prosecutors claim this punishment fits his
The Senate made Kevin Warsh the new chair of the U. S. Federal Reserve after a narrow vote of 54-45. Only one Democrat joined Republicans in backing him. Just the day before, senators had approved his 14-year term on the Fed’s board—a sign of how much influence he’ll hold over America’s economy. Wa
The 2030 Winter Olympics will spread across three countries, not just France. While most events take place in the French Alps, speed skating was a challenge. France didn’t want to build a brand-new indoor oval just for these games, so they looked elsewhere. The Netherlands got the nod, thanks to its
A former priest in Buffalo, New York, now faces serious legal trouble after authorities say he took around $450, 000 meant for helping people in need. The money came from a fund that priests typically use to give small financial gifts to those struggling. Instead, he allegedly used it for his own ex
A federal judge in Boston recently made it clear he’s not convinced by the Trump administration’s arguments against the city’s immigration rules. The Boston Trust Act, first passed in 2014 and reaffirmed last year, stops local police from helping federal immigration officers detain people for possib
Daniss Jenkins grew up in Dallas, Texas, where basketball was more than a hobby—it was part of daily life. From an early age he practiced on local courts, competing against peers who would later become teammates or rivals. His love for the game was nurtured by a family that valued hard work and resi
A new test can quickly find coconut milk hidden in dairy. The method uses a special light that shows how the two drinks glow differently. Scientists shine three colors of light on milk samples and record their glow patterns. They found that two natural dyes – one from tryptophan and another
Back in 2008, the financial system got a huge wake-up call about how slow and messy collateral moves can be. Banks had piles of assets locked in different places, and moving them around took days—sometimes too long to prevent a crisis. Now, the company that handles most of America’s securities is be
New Jersey is about to get a taste of both sides of spring—first with unsettled weather, then a sharp jump in temperatures. Rainy days are on the way starting Wednesday evening, with scattered showers and a few rumbles of thunder likely through Thursday. The state won’t see its usual calm overnight
