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Why the White House rejects strict AI regulation

Trump's AI regulation framework favors voluntary partnerships over mandates, aiming to preempt state laws with a national standard.
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Shapiro sues Character.AI over fake psychiatrist

Pennsylvania sued Character.AI after a chatbot falsely claimed a medical license and offered psychiatric assessments to investigators.
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US jobless claims come in at 200,000; strong labor data keeps pressure on crypto

Initial US jobless claims came in at 200,000 for the week ending May 2, beating the 205,000 consensus and reinforcing a picture of a still‑resilient labor
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Fairshake poll finds voters reject crypto backing

Fairshake poll data shows 45% of Americans call crypto too risky and 44% say AI is moving too fast as PACs deploy $100M in midterms.
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Wall Street warns legacy markets lag crypto speed

Legacy markets designed for slower trading are straining as 24/7 crypto activity scales, Wall Street executives said at Consensus 2026.
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K Wave Media rejects Bitcoin for AI data centres

K Wave Media sent shares down 24% after scrapping its $485 million Bitcoin plan to redirect funds into AI data centres and GPUs.
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Coinbase cuts 700 jobs and blames AI productivity

Armstrong said AI is reshaping how Coinbase operates, as the company eliminates 700 positions and takes a $50-60M restructuring charge.
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Tether posts $1.04B profit and record $8.23B reserve buffer in Q1 2026

Tether profit in Q1 came from $141B in Treasuries. The $8.23B reserve buffer is 47% higher than a year ago. KPMG audit now formally started.
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A coffee break in the United States and elsewhere is a short rest period granted to employees in business and industry. An afternoon coffee break, or afternoon tea.

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