Finance
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Why CFOs should pay attention to Open USD—the new stablecoin backed by more than 140 companies
Good morning. For CFOs across banks, payments companies, and nonbank lenders, Open Standard’s launch of Open USD, a new stablecoin for global money movement, deserves more than a cursory glance at yet another stablecoin brand. With more than 140 financial institutions, payment networks, and technology partners—including Visa, Mastercard, American Express, Stripe, BlackRock, Citizens Bank, and…
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Elon Musk says AI is the only way to fix the $40 trillion U.S. debt crisis—but a new study says even the most optimistic scenario won’t fill the hole
In the great debate about rebalancing the United States’ debt to its economic growth, the optimists suggest that expanding the economy is preferable to cutting federal spending. It would certainly be less painful. Indeed, SpaceX founder CEO Elon Musk has suggested that the productivity gains thanks to AI may be the only way to save…
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Trump’s 927-page disclosure is just a normal Tuesday for direct indexing and crypto wealth managers
President Donald Trump’s latest financial disclosure has drawn attention for their sheer scale: thousands of stock trades, over $1 billion in crypto income, golf revenue, book royalties, all crammed into a filing that ran to 927 pages this year—compared to eight pages for Barack Obama’s final disclosure and 11 for Joe Biden’s. The optics practically…
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Inside Trump’s $1.4 billion crypto empire: altcoins, Bitcoin—and a stake in Michael Saylor’s Strategy
President Donald Trump is officially a crypto billionaire, with proceeds from his memecoin and family crypto company accounting for the bulk of his digital assets fortune. But the commander-in–chief has also shown an appetite for blockchain-related stocks and more exotic cryptocurrencies, according to a filing from the Office of Government Ethics released on Tuesday. Trump’s…
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‘It’s fair to ask whether it was worth it’: The Iran War has cost Americans $1,000 per household—and that’s a conservative estimate, Mark Zandi says
U.S. and Iranian officials remain locked deep in negotiations to secure a lasting ceasefire to the war that has rocked the Middle East for months. For many Americans, however, no deal will be enough to replace what the war has already sapped from their wallets. Peace talks between the two countries are still inching along,…
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Current price of oil as of July 1, 2026
At 8:40 a.m. Eastern Time today, the price of oil sits at $72.68 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s a decrease of $2.34 since yesterday morning and roughly $4.34 more than at this time last year. oil price per barrel % Change Price of oil yesterday $75.02…
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The Iran conflict saw jet fuel prices soar—when you use 1.88 million tonnes a year, how you respond really matters (just ask DHL)
Since the start of the U.S.-Iran conflict and the closure of key shipping lanes in the Strait of Hormuz, businesses have been affected by supply chain issues and rising fuel prices. Jet fuel became a particularly expensive commodity, more than doubling in price from $800 per tonne prior to the conflict to a peak of…
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Gen Z and millennials aren’t convinced the American Dream exists anymore: Only 40% of them can afford to buy a home
For as long as the American Dream has been around, homeownership was considered an intractable piece of the wealth-building puzzle. For many young people in the U.S. nowadays, however, just the idea of one day owning a home is a dream. After speaking dourly about the housing market for years, young Americans are now changing…
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Stripe, Visa and over 140 other businesses to launch stablecoin to rival Tether and Circle
A consortium of financial giants are taking aim at the top two stablecoin issuers. On Tuesday, Open Standard, a company that says it’s partnered with Stripe, Visa, BlackRock and over 140 other businesses, announced that it will launch a new stablecoin called Open USD, or OUSD. The two largest stablecoin issuers, Tether and Circle, are…
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It started with one viral influencer complaining about Russia’s economy. Now a record 60% of Russians are pessimistic about their country’s outlook
Overnight, Victoria Bonya went from being a Russian influencer known for exercise routines and cosmetic endorsements into a catalyst for widespread public discontent about the state of her home country’s society and economy. Bonya, a former television presenter in Russia who now makes a living as an influencer in Monaco, enjoyed the sort of virality…