JUST IN: ๐บ๐ธ CFTC Chair Mike Selig says the agency is preparing for the "era of onchain systems, mass tokenization, 24/7 trading, and agentic finance."
JUST IN: Nvidia $NVDA CEO Jensen Huang says scientists need to stop making AI doomer predictions.
"Just because it comes from a scientist doesn't make it scientific. Those predictions are hurtful."
JUST IN: ๐บ๐ธ US preparing 90-day ban on diesel exports.
The Trump administration is preparing a 90-day ban on US diesel exports as fuel prices continue to surge, with diesel averaging around $6.52 a gallon nationwide.
The goal would be to keep more diesel in the US and bring prices down in the short term.
Some officials and oil companies are pushing back on the idea. They say a ban could leave refiners with more diesel than they can sell, forcing them to cut production and potentially driving fuel prices higher.
Energy Secretary Chris Wright has publicly rejected the idea of a full export ban, saying it could send prices higher.
JUST IN: Morgan Stanley accidentally leaks internal document containing details of more than 100 investment banking deals.
A Morgan Stanley employee mistakenly emailed an internal document revealing details on more than 100 investment-banking deals, primarily across Asia.
The document included potential IPOs from China, South Korea and India, along with information on private-equity and pension-fund backers and projects that had been paused.
The employee later attempted to retract the email, while a blurred copy surfaced on Instagram.
Morgan Stanley said it acted quickly to address the leak and is working with the parties involved.