Stop making cents: U.S. Mint moves forward with plans to kill the penny
An immediate annual savings of $56 million in reduced material costs is expected by stopping penny production.
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Bitcoin hits new price highs as crypto industry scores wins
Bitcoin’s price increase comes after the crypto industry scored a major win with the U.S. Senate advancing legislation that creates a federal framework to regulate the stablecoins.
Senate advances legislation to regulate stablecoins, a form of cryptocurrency
The bill would aim to create a federal framework to regulate the stablecoin industry, which is currently governed by a patchwork of existing federal and state laws.
Coinbase said cyber crooks stole customer information, demanded $20M ransom payment
The largest cryptocurrency exchange based in the U.S said Thursday that criminals had improperly obtained personal data on the exchange’s customers for use in crypto-stealing scams.
Federal Reserve leaves key rate unchanged as it sees risk of inflation, higher unemployment
Many economists and Wall Street investors still expect the Fed will reduce rates two or three times this year.
IRS lost 31% of tax auditors in DOGE downsizing, watchdog finds
The IRS downsizing is due to a series of moves, spurred by Elon Musk’s Department of Government Efficiency, to cut the agency’s workforce.
Federal Reserve likely to ignore Trump, keep rates unchanged this week
President Trump and Treasury Secretary Scott Bessent have said that inflation has steadily cooled and high borrowing costs are no longer needed to restrain price increases.
Financial advisers counsel calm amid market ups and downs
It might be tempting to make dramatic changes to your investments right now, but it’s important to resist that impulse, advisers say.
Trump says he has ‘no intention’ of firing Federal Reserve chief
The remarks marked a notable shift in tone from just a day earlier, when President Trump referred to Federal Reserve Chair Jerome H. Powell as a “major loser” on his social media platform, Truth Social.
Capital One $35B purchase of Discover Financial gets regulatory approvals
The Federal Reserve and the Office of the Comptroller of the Currency signed off on the deal, which was first announced in February 2024.
Fishers-based tech firm Trabian acquires software platform
Fishers-based software development firm Trabian Technology Inc. has acquired a platform that the company says will allow it to work more quickly and efficiently. As part of the acquisition, Trabian also picked up some of Core10’s customers and a handful of its employees.
Trump blasts Fed chair Powell and looks forward to his ‘termination’
The message, posted early Thursday, came one day after Fed Chair Jerome Powell warned that the administration’s trade war was “highly likely” to spur a temporary rise in inflation.
Powell says Fed can wait on any interest rate moves
Federal Reserve Chair Jerome Powell quoted Ferris Bueller during a speech about policy changes to the Economic Club of Chicago on Wednesday.
Stock Yards Bank continues central Indiana growth with sixth branch
Louisville-based Stock Yards Bank & Trust is moving forward with plans for additional branches in the Indianapolis-area market over the next several years.
House votes to overturn rule limiting bank overdraft fees to $5, sends to Trump to sign
The nation’s biggest banks take in roughly $8 billion in the overdraft charges every year, according to data from the Consumer Financial Protection Bureau and bank public records.
Trade war escalations spark bond sell-off as companies worry about economy
U.S. Treasury bonds sold off Wednesday as a global trade war escalated, with the Trump administration’s harshest tariffs yet drawing swift retaliation from China and the European Union.
Latest IRS chief to quit over deal to share data with immigration authorities
Acting IRS commissioner Melanie Krause—the tax agency’s third leader since President Donald Trump’s inauguration—will participate in the deferred resignation program the Trump administration offered to agency employees in recent days, sources said.
New lender’s approach will be a first for state
Evansville-based Old National Bank is working on a first-of-its-kind effort: the launch of an Indiana-based bank whose target customers are minorities and those underserved by traditional banks.
Federal Reserve chief says tariffs likely to raise inflation, slow economic growth
Federal Reserve Chair Jerome Powell’s focus on inflation suggests that the Fed will likely keep its benchmark interest rate unchanged at about 4.3% in the coming months.
Mortgage company Rocket continues acquisition spree with $9.4B deal
Rocket Cos. said Monday that bringing Mr. Cooper Group Inc. into the fold will create a business representing one in every six mortgages in the United States and give it almost 7 million additional clients.