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Sam Heughan to star opposite Viola Davis in new thriller 'Ascent'
Sam Heughan attends the premiere of “Outlander: The Final Season” on March 2, 2026, in New York City. (Jamie McCarthy/Getty Images for STARZ)
Lawsuit accuses Trump of illegally profiting from UAE crypto investments
The lawsuit claims the investments violate the Constitution’s foreign emoluments clause
Lawsuit accuses Trump of illegally profiting from UAE crypto investments
The lawsuit claims the investments violate the Constitution’s foreign emoluments clause
Waipahu catering business shut down over food safety violations
The Hawaii Department of Health shut down Adriana’s Kitchen Catering & Services LLC in Waipahu on Wednesday after an inspection found multiple critical food safety violations, including improper refrigeration and eggs left at room temperature.
State shuts down 5 Central Florida eateries over health violations
Last week, five more Central Florida eateries were forced to shut down (at least temporarily) after a visit from a health inspector, according to state records.
Fortnite returns to iOS in Australia after court rules Apple violated competition law
Federal Court of Australia found Apple to have restricted alternative app stores and payment methods to limit competition
Chandler pub, central Phoenix brunch spot dinged for health violations
Jason Barry reports on the Valley restaurants that did not make the grade for October 21, including some popular chains and bars.
Sports Entertainment Gaming Global Received Notice of Delisting
On October 14, 2026, Nasdaq staff issued a determination to delist the company’s common stock and warrants after it failed to file its Q2 2026 Form 10-Q, violating Listing Rule 5250(c)(1). Trading would be suspended on October 23, 2026 absent a hearing request; the company has requested a hearing a…
Powerhouse UCSB team awarded big grant to investigate mathematical foundations of AI
Researchers Nina Miolane, Haewon Jeong, Sanjuka Krishnagopal and Yao Qin win $1 million from NSF for their collaborative investigation
‘Big business’: little-known court system in Louisiana churns out thousands of evictions – and millions in fees for judges
Guardian investigation: Louisiana’s justice of the peace courts may violate tenants’ constitutional rights as eviction fees boost judges’ incomes
‘Iolani bowler Ezra Bentkowski is a student of the sport’s science
Back in the day, black-and-white films would play in darkened class rooms at Washington Intermediate School.
PFF bye week grades: transfer grades
Nebraska football heads into its bye week at 5-2 after two gut-wrenching losses: a top-10 Indiana team at home and former quarterback Dylan Raiola leading back-to-back touchdown drives to steal
Taiwan Railway to ban political advertising in stations from 2027
State-owned Taiwan Railway Corp. (TR) on Monday said it would ban political advertisements in its stations with effect from next year, following criticism that such ads violated administrative neutrality.
2 Shelton eateries cited for serious violations in September 2026
The 25 Naugatuck Valley Health District inspections of Shelton food service establishments in September led to serious violations for two locations, according to reports.
8 West Haven eateries cited for serious violations in August 2026
Three restaurants and five other businesses received serious violations from West Haven’s Health Department in August, according to inspection reports.
19 Danbury eateries cited for serious violations in September 2026
Danbury's health department did 57 inspections in September 2026, leading to serious violations for 19 establishments, reports show.
Trump ‘border czar’ says Ilhan Omar could be ‘of course’ denaturalized and deported
Officials allege congresswoman, whose home was raided by federal agents, or family violated law to obtain citizenship
Five players who stood out in Nebraska football’s loss to Oregon
Saturday night hope turned into Sunday morning heartbreak for Nebraska football fans this weekend. Former Husker quarterback Dylan Raiola entered the game down five points in the fourth quarter and led Oregon to victory on his new home field. Nebraska (5-2, 2-2) lost 17-14 to the Ducks (4-2, 2-1) in Autzen Stadium late Saturday night. Over the last two weeks, fourth-quarter execution has plagued NU, with Oregon and Indiana outscoring them 25-7 in the final period.
Three CT business owners charged with workers’ compensation violations
Three people have been arrested and charged with violations of Connecticut’s workers’ compensation laws, officials said.
Gut Punch, Part Two! Dylan Raiola, Oregon Top Nebraska in Final Minute
Nebraska had opportunities over the last two weeks, but fourth-quarter falters have left the Huskers with back-to-back losses.
Iran Favors Diplomacy to Prevent Regional Insecurity: Araqchi
TEHRAN (Tasnim) – Foreign Minister Abbas Araqchi emphasized Iran’s commitment to using diplomacy to prevent escalating insecurity in West Asia, saying the US has repeatedly disrupted diplomatic processes by violating commitments and resorting to force.
Attorneys for Rep. Ilhan Omar accuse DOJ of violating judge's orders to follow protocols to protect her rights as member of Congress
Jad Abumrad loves a butterfly knife and a good springy pillow
The Radiolab creator and host of Dolly Parton’s America answers The Verge’s weekend questionnaire.
Is Flutter Entertainment (FLUT) Undervalued Following Its Brazil Exit And Legal Probe?
Brazil exit and legal probe put Flutter Entertainment in focus Flutter Entertainment (NYSE:FLUT) has halted sports betting and iGaming in Brazil after nationwide restrictions on online gaming, a move tied to a new Pomerantz LLP investigation into potential securities law violations. Recent regulatory concerns have coincided with pressure on Flutter Entertainment’s shares, with the 30-day share price return down 22.5% and the year-to-date share price return down 65.4%. The 1-year total...
U.S. campaign finance watchdog is sitting out the midterms. Here’s what that means.
The Federal Election Commission has been unable to advise campaigns or investigate alleged violations.
3 Connecticut business owners arrested for alleged workers’ comp violations
ROCKY HILL, Conn. (WTNH) — Three Connecticut business owners were arrested on Thursday related to alleged workers’ compensation law violations, according to the Office of the Chief State̵…
FOX54 News Huntsville
FOX54 News - Huntsville - The FOX54 News Team brings you local and national news, weather, sports, and VERIFY fact-checking on the latest trending topics, from elections to COVID-19 to online scams. Watch the FOX54 News Team Monday-Friday at 5:30 p.m. and every night at 9:00 p.m. We reserve the right to moderate or remove comments that are hateful, contain inappropriate language, or violate YouTube community guidelines. Keep it civil, folks.
In 100th Trump lawsuit, California challenges ICE courthouse arrests
California sued the Trump administration for the 100th time, challenging the growing practice of ICE agents arresting people for civil immigration violations at or near courthouses.
Biola University Opens Snyder School of Cinema & Media Arts
Biola University's new building for the Snyder School of Cinema & Media Arts opens Thursday, ushering in a stocked with the latest technology.
The problem with Katie Zacharia calling herself a lawyer
Two watchdog groups filed complaints with the California bar, asking it to investigate whether she violated the law by calling herself a lawyer.
North Phoenix sports bar, 2 Mesa restaurants cited for health violations
Did your favorite restaurant make this week's Dirty Dining report?
North Phoenix sports bar, 2 Mesa restaurants cited for health violations
Did your favorite restaurant make this week's Dirty Dining report?
North Phoenix sports bar, 2 Mesa restaurants cited for health violations
Did your favorite restaurant make this week's Dirty Dining report?
North Phoenix sports bar, 2 Mesa restaurants cited for health violations
Did your favorite restaurant make this week's Dirty Dining report?
North Phoenix sports bar, 2 Mesa restaurants cited for health violations
Several Valley restaurants were cited by health inspectors this week for handling food without washing hands and for keeping food at dangerous temperatures.
After Guilfoyle dismissal, Rubio reminds diplomats to ‘avoid conflicts of interest’
The former U.S. ambassador to Greece was accused of a variety of ethical violations, including asking a political donor for $100,000 to pay her personal American Express bill.
New England Biolabs honors 11 scientists at Passion in Science Awards
New England Biolabs hosted the winners of its fifth Passion in Science Awards at its Ipswich headquarters last week, during a two-day event. The company announced the 11 honorees Sept. 10 in a news release. The awards recognize scientists whose work enriches the arts, humanitarian service, environmental stewardship and science mentorship, according to the release. […]
Despite tough talk from Abbott and Paxton, Texas penalties for data center violations are light
Texas officials are promising tougher enforcement on data centers, but the existing law may offer limited leverage over the industry that has largely failed to report its water use.
Roaches, rats and more: Health violations at 12 Central Florida eateries last week
Last week, more than a dozen Central Florida eateries were forced to shut down (at least temporarily) after a visit from a health inspector, according to state records.
Rogers Behavioral Health charged with labor law violations for firing workers in union drive
The NLRB complaint alleges Rogers fired six employees and took other actions to discourage employees from organizing a union.
Trump's diesel deal with Putin draws bipartisan criticism from a frustrated Congress
The deal is being criticized by both Republicans and Democrats as fueling Russia's war against Ukraine, violating existing U.S. laws and drawing the U.S. closer to Russia.
NFL suspends Bears DE Montez Sweat 2 games for violating the league's PED policy
The Bears have upcoming games against the Atlanta Falcons and New England Patriots in Weeks 6 and 7.
Substitute teacher fired over OnlyFans account says business is booming
A Missouri woman says her free speech was violated. Her adult content site has attracted more subscribers after news spread of her dismissal.
Trump’s DOJ probes major TV networks over response to White House ban of CNN
The Justice Department is investigating the five major US TV networks for possible antitrust violations, opening yet another front in the Trump administration’s pressure campaign against the press.
DOJ says it's investigating whether White House TV pool's coverage halt violated antitrust law
The U.S. Department of Justice is investigating whether the decision of the White House television press pool to halt coverage of President Donald Trump last month violated antitrust law.
DOJ says it's investigating whether White House TV pool's coverage halt violated antitrust law
The U.S. Department of Justice is investigating whether the decision of the White House television press pool to halt coverage of President Donald Trump last month violated antitrust law.
DOJ says it's investigating whether White House TV pool's coverage halt violated antitrust law
The U.S. Department of Justice is investigating whether the decision of the White House television press pool to halt coverage of President Donald Trump last month violated antitrust law.
Dylan Raiola and Ducks Offense Stumble in Loss to UCLA
Dylan Raiola and the Oregon Ducks offense had a terrible performance, leading to their loss to the UCLA Bruins.
Genoa 2-1 Fiorentina: Match report
The Viola can’t even score their own goal as they slump to a deeply embarrassing defeat against a bad opponent.
Genoa vs Fiorentina: Lineups and how to watch
The Viola remain as unpredictable as ever as they emerge from the break.
Unpermitted tamales, missing sanitizer among Jefferson County health violations
Three Jefferson County food establishments, Sunshine Foodmart #8 in Mulga, Johnny Brusco's NY Style Pizza in Hoover, and Bessemer Academy in Bessemer, scored below 85 in recent health inspections.
FOX54 News Huntsville
FOX54 News - Huntsville - The FOX54 News Team brings you local and national news, weather, sports, and VERIFY fact-checking on the latest trending topics, from elections to COVID-19 to online scams. Watch the FOX54 News Team Monday-Friday at 5:30 p.m. and every night at 9:00 p.m. We reserve the right to moderate or remove comments that are hateful, contain inappropriate language, or violate YouTube community guidelines. Keep it civil, folks.
Reports - Watchdog eyes NIL violations at 5-10 Power 4 schools
The College Sports Commission is looking into possible rules violations at between five and 10 Power 4 schools regarding payments to players, according to multiple reports.
YouTuber Gets Banned For Hellraiser: Revival Censored Gameplay Video That Still Violated 'Sex And Nudity Policy'
This is why the Cenobites could never be content creators
How Oregon Beat College Football’s ‘Impossible’ Backup QB Market
Dylan Raiola will get the first start of his Oregon career on Saturday.
Seminole Tribe of Florida sues DraftKings over sports betting
The lawsuit alleges DraftKings operates a sports book in violation of the gaming compact between the Tribe and the state inked in 2021, which provides the Tribe a monopoly on sports betting in Florida.
Public health report: September inspection season turns up minor violations at 20% of businesses
The Waltham Health Department had a busy September, inspecting 90 business establishments between Sept. 1 and Oct. 2. It found minor health violations at
Public health report: September inspection season turns up minor violations at 20% of businesses
The Waltham Health Department had a busy September, inspecting 90 business establishments between Sept. 1 and Oct. 2. It found minor health violations at
Seminole Tribe Sues DraftKings for Running Illegal Sports Betting in Florida - WRUF 98.1 FM | 850 AM
The battle over sports betting rights in Florida is heading to court with the Seminole Tribe defending its exclusive rights to sports gambling in the state. The Seminole Tribe is suing DraftKings and CEO Jason Robins, claiming the company violated Florida’s 2021 Gaming Compact and is operating an illegal sports betting business. Through the 2021
Coalition Challenges Unlawful Use of Public Money for Trump Political Ads
Blatant Violation of Decades of Law Should Be Stopped, Watchdog Group, Unions and Candidate Say
Oregon QB Dante Moore out for No. 13 Ducks against No. 21 UCLA after head injury; Dylan Raiola to start
DNC sues Trump administration, alleging taxpayer-funded ads violate propaganda law
The Democratic National Committee has sued the Trump administration over recent TV ads promoting the president | Newsradio 1140 WRVA
DNC sues Trump administration, alleging taxpayer-funded ads violate propaganda law
The Democratic National Committee has sued the Trump administration over recent TV ads promoting the president. Its lawsuit filed Wednesday claims the ads are government-sponsored propaganda that runs afoul of
Disney World guests banned after jumping into Epcot boat ride water
Disney World guests were banned after jumping into the Gran Fiesta Tour boat ride’s water at Epcot. ‘This behavior was unsafe and a clear violation of our park rules,’ a Disney World rep tells EW.
Mikel Arteta pens new Arsenal contract until 2030
Arsenal have announced that manager Mikel Arteta has signed a new deal with the club until 2030.Arteta first joined the Gunners midway through the 2019/20 season after having served as Pep Guardiola'...
Oregon's Dan Lanning Has High Praise for Dylan Raiola's Preparation
With star Dante Moore sidelined, Oregon needs Dylan Raiola.
Ben Shapiro Issues Statement On 'Pawn Shop' Production Shutdown
Ben Shapiro has issued a statement on the shutdown of production on his Daily Wire movie 'Pawn Shop,' decrying it as a first amendment violation.
McDonald's sued over AI tool that recommends prices to US franchisees
McDonald’s is facing a federal lawsuit that alleges its AI-enhanced pricing tool violates antitrust laws because it shares nonpublic data with competing franchisees. The lawsuit was filed on Friday in
Atrium promises state workers lower copays beyond its State Health Plan deal
Treasurer Brad Briner said the program will raise members’ costs in the long run and “violates the spirit of who gets to run” the plan.
McDonald’s faces antitrust suit over AI-driven pricing
The lawsuit alleges the company violated antitrust law by working with independent franchisees to fix prices using algorithms.
FBI investigated anti-ICE protesters after Trump demanded probe over TikTok video, whistleblower alleges
The FBI opened preliminary investigations targeting anti-Immigration and Customs Enforcement protesters in Southern California, a former FBI intelligence official alleged in a whistleblower complaint, adding that she believed the move violated the law and agency policy.
23 violations at 1 restaurant: What Ingham County health inspectors found
Health inspectors found serious violations at about 20 restaurants, hotels and other places in Ingham County in early September.
Trump says he will stop using US taxpayer funds for ads
The ads, which tout Trump and his policies, could have violated US laws barring public government funds being spent on political advertising.
Doctors, insurers sue Newsom over health insurance premium increases
Doctors and health insurers have filed suit alleging Gov. Gavin Newsom and the California Legislature violated the law when they approved a healthcare tax that could substantially increase insurance premiums.
Doctors, insurers sue Newsom over health insurance premium increases
Doctors and health insurers have filed suit alleging Gov. Gavin Newsom and the California Legislature violated the law when they approved a healthcare tax that could substantially increase insurance premiums.
Doctors, insurers sue Newsom over health insurance premium increases
Doctors and health insurers have filed suit alleging Gov. Gavin Newsom and the California Legislature violated the law when they approved a healthcare tax that could substantially increase insurance premiums
Supreme Court rejects Michigan woman's appeal over school's ban on 'Let's Go Brandon' sweatshirts
The mother of two boys says their First Amendment rights were violated when they were told to take off the sweatshirts she bought them for Christmas in 2022.
15 Wallingford restaurants, two stores cited for serious violations during August health inspections
USDA food code violations fall into three categories, including the most serious, which must be fixed within 72 hours.
Doctors, Insurers Sue Newsom Over Health Insurance Premium Increases
The California Medical Association and California Association of Health Plans say in a new lawsuit that a healthcare tax violates Proposition 35, passed by voters in 2024.
Doctors, insurers sue Newsom over health insurance premium increases
The California Medical Association and California Association of Health Plans say the tax violates Proposition 35, passed by voters in 2024.
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
Viola Station 106: The international break pause
Tito and Producer Mike take the opportunity for a deep breath before mulling over Vanoli 2: Look Who’s Vanoling Now.
Doctors, insurers sue Newsom over health insurance premium increases
In June, lawmakers passed a healthcare tax that could increase premiums in order to combat federal Medicaid cuts. A new lawsuit says that tax violates Proposition 35, passed by voters in 2024.
Legend Seafood Restaurant in Honolulu Chinatown reopens after correcting several health violations
Legend Seafood Restaurant in Chinatown reopened on Friday after correcting several health violations including a roach infestation.
Doctors, insurers sue Newsom over health insurance premium increases
Doctors and health insurers filed a lawsuit Friday alleging Gov. Gavin Newsom and the Legislature violated the law when they approved a healthcare tax that could substantially increase insurance premiums for Californians.
Doctors, insurers sue Newsom over health insurance premium increases
California lawmakers passed a healthcare tax in June that could increase premiums by $100 annually, but groups representing doctors and insurers say it violates the law.
Football: Backup Buster
With how well Dylan Raiola actually performed, should we be considering a switch?
Maine Ethics Commission takes no action in confidentiality case
The Maine Ethics Commission voted unanimously Wednesday not to take action against a Republican state lawmaker accused of violating legislative confidentiality restrictions.
Mamdani's New Website Lets You Report Businesses That Violate Click-to-Cancel Rule
Fines start at $525.
Center on Science and Technology being evaluated due to budget constraints
Princeton is reviewing the Center on Science and Technology as part of broader budget reductions, though its courses and StudioLab operations will continue through the current academic year.
Secret phone-record seizure sparks personal lawsuit from GOP senator
Marsha Blackburn's lawsuit targets Jack Smith personally, arguing the special counsel was never lawfully appointed and violated her constitutional rights.
'We will get through this together'
Former Manchester City boss Pep Guardiola has posted a message on social media following the news of his former club being found guilty of financial breaches. Guardiola led City to 17 major trophies, including six Premier League titles and a Champions League victory, during his 10-year reign at the club. Among reaction elsewhere, ex-City defender and academy graduate Micah Richards said he felt "absolutely devastated" after reading the Premier League's "damning" guilty verdict on the club's financial charges.
Pep Guardiola gives backing to Man City after guilty verdict: ‘We will get through this’
Pep Guardiola has broken his silence after Manchester City were found guilty of the majority of the 115 charges against them, reiterating his backing of the owners and the chairman. An independent commission, which was appointed following a four-year investigation to rule over the charges which stretch between 2009 and 2018, ruled that the current Premier League leaders had "sham contracts" arranged for a number of its commercial partners, finding that their income over eight seasons was “hugely overstated by over £830m”. The club vehemently deny the breaches with chief executive Ferran Soriano branding the process a “Premier League conspiracy theory” in a message to players and staff, while City have confirmed they will appeal against the ruling.
Health inspectors find fruit flies, roaches, trapped mouse in Dearborn
Wayne County health inspectors found pests and temperature violations at several Dearborn restaurants recently.
SU Catering failed county health inspection during ‘Citrus in the City’
SU Catering failed a surprise inspection at SU’s August 2026 “Citrus in the City” event, for improperly stored food and other violations.
SU Catering failed county health inspection during ‘Citrus in the City’
SU Catering failed a surprise inspection at SU’s August 2026 “Citrus in the City” event, for improperly stored food and other violations.
Officials recover $17K in unpaid wages from McDonald’s franchisee for 23 minors
DWD and DOJ said Iron Arch had multiple child labor law violations.