There Is No Reprieve in the Fed’s War on Savings

Bank Lobby Fires Back At White House, Saying Stablecoin Study Ignores Community Bank Threat Authored by Micah Zimmerman via BitcoinMagazine.com, The American Bankers Association is warning that the White House’s latest stablecoin study is asking the wrong question and underestimating the threat to community banks. On April 8, the Council of Economic Advisers released a 21‑page paper modeling what happens if payment stablecoin issuers are barred from paying yield. The analysis, tied to the 2025 GENIUS Act’s prohibition on interest for payment stablecoins, finds that banning yield would raise bank lending by only about 2.1 billion...

FBI Issues Public Alert On Americans Using Foreign Apps Authored by Naveen Athrappully via The Epoch Times (emphasis ours), The FBI identified data security risks from foreign-developed mobile apps used in the United States, the agency warned in a March 31 public service announcement. In this photo illustration, a hacker types on a computer keyboard on May 13, 2025. Oleksii Pydsosonnii/The Epoch Times “As of early 2026, many of the most downloaded and top-grossing apps in the United States are developed and maintained by foreign companies, particularly those based in China,” the FBI...

WTI Rises After Big Inventory Drawdowns Across Energy Complex, Huge SPR Drop, Record Exports Oil largely held onto a sharp drop from this week’s highs as the US and Iran seek further talks to end a war that has brought the vital Strait of Hormuz waterway to a near-halt. President Trump told a Fox Business anchor he sees the war “very close to over” and told ABC “you’re going to be watching an amazing two days ahead.” The global oil market has been jolted by the conflict, which triggered an unprecedented supply...