UK labour market ‘continues to weaken’ as unemployment rises and wage growth slows – business live

The US House just approved a bill that could reshape how cryptocurrencies are regulated—and the industry is cheering. Backed by major crypto players, the legislation aims to clarify rules for digital assets, giving more oversight to the CFTC (the agency that handles commodities) while trying to carve out clearer paths for crypto startups. Critics worry it’s too lenient, but supporters say it’s a long-overdue step toward legitimacy.

Editor’s Note: Love it or hate it, crypto’s been stuck in regulatory limbo for years, with everyone from startups to investors unsure about the rules. This bill—though far from becoming law—signals that Washington’s starting to take the industry seriously. If it gains traction, it could mean more stability (and maybe more institutional money) flowing into crypto. But with pushback expected in the Senate and from some regulators, don’t expect smooth sailing just yet.

Charles Schwab’s stock just hit a 52-week high, closing at $93.36—a strong signal that investors are feeling optimistic about the financial giant’s performance. Whether it’s cost-cutting measures, steady client growth, or broader market trends, something’s clearly working in their favor.

Editor’s Note: For everyday investors, this could hint at broader confidence in the brokerage sector—or at least in Schwab’s ability to navigate a tricky economic landscape. If you’re holding their stock, it’s a good day. If not, it might be worth keeping an eye on whether this momentum holds or if it’s just a short-term bump.

With just a phone call, former President Donald Trump has thrown his weight behind a controversial energy project, potentially tipping the scales in its favor. The project, which has faced fierce opposition from environmental groups and local communities, could now see renewed momentum—or even federal support—thanks to Trump's intervention.

Editor’s Note: This isn’t just about one power project—it’s a reminder of how political influence can shape energy decisions, even after an administration ends. If the project moves forward, it could signal a shift in how contested infrastructure gets approved (or blocked) under future leadership. For locals and activists, it’s a high-stakes moment; for policymakers, it’s a case study in the enduring ripple effects of political clout.

Goldman Sachs CEO David Solomon faced heavy criticism when the bank's venture into consumer banking flopped, but now the tide seems to be turning. According to a Bloomberg Opinion piece, Solomon is proving doubters wrong as Goldman Sachs rebounds strongly, reclaiming its footing in the financial world.

Editor’s Note: CEOs often take heat when big bets don’t pay off, but Solomon’s story is a reminder that reputations can recover—especially on Wall Street, where fortunes shift fast. If Goldman’s resurgence holds, it could signal a broader revival for the bank and reshape how investors view Solomon’s leadership.

Tejon Ranch, a major California landholding company, has brought in Robert D. Velasquez as its temporary CFO and treasurer while they search for a permanent replacement. Velasquez steps in with experience in finance and leadership roles, suggesting the company wants stability during the transition.

Editor’s Note: Leadership shuffles happen all the time, but interim appointments can signal how a company handles transitions—whether they're rushing or taking their time to find the right fit. For Tejon Ranch, bringing in someone with Velasquez's background hints they're playing it safe, which matters for investors and partners eyeing the company's next moves.