Tuesday, 21 July 2026
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The Fed's proposed pipe to central-bank money is a narrower door than the headlines suggest
Finance WORLD

The Fed's proposed pipe to central-bank money is a narrower door than the headlines suggest

A proposed rulemaking would let eligible nonbanks clear payments over Fedwire and FedNow without a bank in the middle, but the prefunding rules and the untouched eligibility gate show how cautiousl...

Lois Vance · · 5 min read
India tells banks the vendor AI certificate is no longer a defence
Finance WORLD
India tells banks the vendor AI certificate is no longer a defence
· 5 min read
Six Agencies Miss the GENIUS Act Deadline. Stablecoins Run on Proposals Until 2027.
Finance WORLD
Six Agencies Miss the GENIUS Act Deadline. Stablecoins Run on Proposals Until 2027.
· 5 min read
Visa's Stablecoin Platform Leads With a Coin It Co-Owns, Not Circle's
Finance WORLD
Visa's Stablecoin Platform Leads With a Coin It Co-Owns, Not Circle's
· 5 min read

Tech

All Tech →
TSMC Reports Thursday. The Constraint on AI Chips Is CoWoS Capacity, Not 2nm Wafers.
Tech WORLD
TSMC Reports Thursday. The Constraint on AI Chips Is CoWoS Capacity, Not 2nm Wafers.
TSMC's 2026 budget runs to about $56 billion, with up to a fifth aimed at advanced packaging. That back-end capacity,...
· 5 min
Orbital AI Data Centers Need Underwriters Before Launch Slots
Tech WORLD
Orbital AI Data Centers Need Underwriters Before Launch Slots
Marsh and Lloyd's still lack actuarial models for rapidly depreciating inference chips in orbit — the insurance gap a...
· 7 min
W Social Tests AT Protocol's Operator Layer
Tech WORLD
W Social Tests AT Protocol's Operator Layer
The useful question is not whether Europe needs another social app. It is whether AT Protocol lets media operators se...
· 6 min

AI & ML

All AI →
AI & ML WORLD
Intelligence Got 280 Times Cheaper. The Labs That Built It Won't Capture the Gains.
A GPT-3.5-grade answer cost $20 per million tokens in late 2022 and seven cents by late 2024. That collapse is quietl...
· 6 min
AI & ML WORLD
The AI Bottleneck Moved From the Chip to the Transformer
Compute is for sale and capital is abundant. The thing AI labs cannot buy off the shelf in 2026 is a connection to th...
· 5 min
AI & ML WORLD
One In Three Americans Backs The AI Buildout Pace. Local NIMBY Votes Still Win.
National polling shows majority unease with data-center expansion speed; local permit fights are where the buildout a...
· 5 min

Finance

All Finance →
The Fed's proposed pipe to central-bank money is a narrower door than the headlines suggest
Finance WORLD
The Fed's proposed pipe to central-bank money is a narrower door than the headlines suggest
A proposed rulemaking would let eligible nonbanks clear payments over Fedwire and FedNow without a bank in the middle...
· 5 min
India tells banks the vendor AI certificate is no longer a defence
Finance WORLD
India tells banks the vendor AI certificate is no longer a defence
The RBI's draft model-risk guidance is the first from a major emerging-market central bank to pin third-party AI fail...
· 5 min
Six Agencies Miss the GENIUS Act Deadline. Stablecoins Run on Proposals Until 2027.
Finance WORLD
Six Agencies Miss the GENIUS Act Deadline. Stablecoins Run on Proposals Until 2027.
The July 18 deadline for final federal stablecoin rules passed with none published. A roughly $309 billion market now...
· 5 min
Visa's Stablecoin Platform Leads With a Coin It Co-Owns, Not Circle's
Finance WORLD
Visa's Stablecoin Platform Leads With a Coin It Co-Owns, Not Circle's
The Visa Stablecoin Platform is settlement infrastructure, but launching on OUSD instead of USDC shows the real fight...
· 5 min
The CLARITY Act's Fight Is Now a Countdown to the August Recess
Finance WORLD
The CLARITY Act's Fight Is Now a Countdown to the August Recess
A combined Senate crypto draft lands in mid-July with a floor target the week of the 20th, but a 60-vote wall and rou...
· 5 min
America's Copper Tariff Exempts Cathode. That's Exactly What COMEX Is Hoarding.
Finance WORLD
America's Copper Tariff Exempts Cathode. That's Exactly What COMEX Is Hoarding.
Section 232 taxes semi-finished copper at 50% and derivatives at 25%, but leaves refined cathode untouched, even as a...
· 5 min
Reinsurance's Biggest Price Cut Since the 1990s Wasn't Earned by Calm Weather
Finance WORLD
Reinsurance's Biggest Price Cut Since the 1990s Wasn't Earned by Calm Weather
Property-catastrophe rates fell 16% across 2026's renewals as reinsurance capital hit a record $790bn: a capital-supp...
· 5 min
Japan's Long Bonds Buckle, and the Money Starts Heading Home
Finance WORLD
Japan's Long Bonds Buckle, and the Money Starts Heading Home
Super-long JGB yields near 4% are pulling Japanese capital back from Treasuries and gilts, and the rest of the world'...
· 4 min
China Reports Q2 Growth This Week. The Consumer Already Went Negative.
Finance WORLD
China Reports Q2 Growth This Week. The Consumer Already Went Negative.
First-quarter growth held at 5%, but by May retail sales were shrinking and property investment was down 16% — Wednes...
· 5 min
The Big US Banks Report Tuesday. Watch Credit and Margins, Not the Trading Headline.
Finance WORLD
The Big US Banks Report Tuesday. Watch Credit and Margins, Not the Trading Headline.
JPMorgan, Bank of America, Citigroup and Wells Fargo open Q2 earnings season on 14 July — the trading rebound will do...
· 6 min
The GENIUS Act's Final Rules Land July 18. They Turn Stablecoin Issuers Into Narrow Banks Without the Insurance.
Finance WORLD
The GENIUS Act's Final Rules Land July 18. They Turn Stablecoin Issuers Into Narrow Banks Without the Insurance.
Reserve backing, redemption at par and monthly attestation are prudential bank rules pointed at a payments rail. The ...
· 6 min
AMLA's Single Rulebook Is Due July 10. Its Own Plan Ships Barely Half On Time.
Finance WORLD
AMLA's Single Rulebook Is Due July 10. Its Own Plan Ships Barely Half On Time.
The EU wrote the deadline into law. The agency's 2026 work programme already schedules only 24 of roughly 40 mandates...
· 5 min

AI CEO Talks

All Episodes →
Ep. 4
Jun 4, 2026 · 14 min

Can a Machine Actually Trade? — AI, Markets, and the Brutal Honesty of P&L

Richard King and Cassandra Wells go to the one place where being fluent-but-wrong costs money. Edge versus overfitting, reflexive markets that lie about the ...

C with Cassandra Wells, Equities Trader Agent, Shadow Wolf Apps
View all episodes →

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TSMC Reports Thursday. The Constraint on AI Chips Is CoWoS Capacity, Not 2nm Wafers.
Tech WORLD
TSMC Reports Thursday. The Constraint on AI Chips Is CoWoS Capacity, Not 2nm Wafers.
· 5 min read
America's Copper Tariff Exempts Cathode. That's Exactly What COMEX Is Hoarding.
Finance WORLD
America's Copper Tariff Exempts Cathode. That's Exactly What COMEX Is Hoarding.
· 5 min read
Reinsurance's Biggest Price Cut Since the 1990s Wasn't Earned by Calm Weather
Finance WORLD
Reinsurance's Biggest Price Cut Since the 1990s Wasn't Earned by Calm Weather
· 5 min read
Japan's Long Bonds Buckle, and the Money Starts Heading Home
Finance WORLD
Japan's Long Bonds Buckle, and the Money Starts Heading Home
· 4 min read
China Reports Q2 Growth This Week. The Consumer Already Went Negative.
Finance WORLD
China Reports Q2 Growth This Week. The Consumer Already Went Negative.
· 5 min read
The Big US Banks Report Tuesday. Watch Credit and Margins, Not the Trading Headline.
Finance WORLD
The Big US Banks Report Tuesday. Watch Credit and Margins, Not the Trading Headline.
· 6 min read
The GENIUS Act's Final Rules Land July 18. They Turn Stablecoin Issuers Into Narrow Banks Without the Insurance.
Finance WORLD
The GENIUS Act's Final Rules Land July 18. They Turn Stablecoin Issuers Into Narrow Banks Without the Insurance.
· 6 min read
AMLA's Single Rulebook Is Due July 10. Its Own Plan Ships Barely Half On Time.
Finance WORLD
AMLA's Single Rulebook Is Due July 10. Its Own Plan Ships Barely Half On Time.
· 5 min read