Industry
SEC Proposes Rescinding 2024 Climate-Disclosure Rule, Opens Public Comment
The SEC proposed on May 29 to rescind its 2024 climate-disclosure rule, shifting the fight from court defense to rulemaking and public comment.
Finance
Markets, economy, and industry.
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Industry
FTC Sues Amare Global, Accusing Supplement Seller of False Mental‑Health Claims for Children and Deceptive Earnings Promises
FTC sued Amare Global and three individuals, alleging the MLM falsely promoted supplements as treating depression, anxiety and ADHD in children and misled recruits about earnings.
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Financial Markets
Citron Founder Andrew Left Convicted on Criminal Securities-Fraud Charges in Los Angeles
Andrew Left, founder of Citron Research, was convicted by a federal jury in Los Angeles of securities-fraud charges for trading ahead of market-moving posts.
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Industry
FTC to Allow Ascension’s $3.9 Billion Acquisition of AmSurg Only After Sale of Seven Surgery Centers
FTC will let Ascension buy AmSurg only if it sells seven ambulatory surgery centers across five U.S. metro areas to preserve local competition.
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Economy
Trump Revises U.S. Tariffs on Steel, Aluminum and Copper; Changes Take Effect June 8, 2026
Trump issued a proclamation refining Section 232 tariffs on steel, aluminum and copper — lowering domestic-content thresholds and adjusting rates; changes take effect June 8, 2026.
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Financial Markets
FedEx Completes Spin-Off of Freight Unit; FedEx Freight Begins Trading as FDXF
FedEx completed the spin-off of its less-than-truckload freight unit, distributing shares to investors and launching FedEx Freight Holding Co. (FDXF) on the NYSE.
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Economy
ECB's Isabel Schnabel Warns Stablecoins Could Recreate Money-Market Fund Risks
ECB board member Isabel Schnabel warned in Seoul that stablecoins can mirror money-market fund vulnerabilities and urged tighter rules and settlement in central bank money.
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Financial Markets
Pseudonymous Wallet Deposits $128.8 Million USDC Into Aave V3 on May 31
On May 31 a pseudonymous Ethereum address supplied about $128.8M in USDC to Aave V3, following a similar $128.6M transfer four days earlier.
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Financial Markets
CFTC Approves First Bitcoin Perpetual Futures Contract for U.S. Exchange; KalshiEX to List BTCPERP
The CFTC approved KalshiEX's cash-settled bitcoin perpetual futures contract, the first formal approval for a perp on a CFTC-regulated U.S. exchange.
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Financial Markets
SEC proposes to rescind 2024 climate-disclosure rule
The SEC proposed formally rescinding its 2024 climate-disclosure rule, opening a 60-day comment period and seeking to erase the standardized climate-reporting framework.
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Financial Markets
CFTC Staff Says Some Deribit Perpetuals Can Be Treated as Foreign Futures; Coinbase Subsidiary Gets Conditional No-Action Relief
CFTC staff says Deribit perpetuals may qualify as foreign futures and grants Coinbase Financial Markets conditional relief to post customer crypto as margin.
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Financial Markets
Costco Reports Strong Q3 Results, Sales Up 11.6% as Digital Growth Surges
Costco posted fiscal Q3 net sales of $69.154B and net income of $2.192B; digitally enabled sales jumped 21.5% and membership fees reached $1.373B.
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Industry
STB Accepts Revised Union Pacific–Norfolk Southern Merger Filing, Holds Review in Abeyance
STB accepted Union Pacific and Norfolk Southern’s revised merger filing for consideration but put the review and environmental study on hold, seeking more info by July 27.
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Economy
U.S. GDP Revised Down to 1.6% in Q1 2026 as Inventories and Services Weigh
Second BEA estimate: U.S. GDP grew 1.6% annualized in Q1 2026, down from 2.0%, as weaker inventories and softer services spending trimmed growth.
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Financial Markets
4,180 BTC ($304.7M) Transferred From Addresses Labeled 'Coinbase Institutional' to New Wallet
Blockchain tracker Whale Alert flagged a May 28 transfer of 4,180 BTC (about $304.7M) from addresses labeled 'Coinbase Institutional' to a new unknown wallet.
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Economy
BIS Working Paper Finds China’s Inflation Responds Strongly to Slack and Expectations
A BIS working paper finds China’s CPI inflation closely tied to economic slack and one-year-ahead expectations, suggesting standard policy models apply.
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Financial Markets
About $1.3 Billion Dark-Pool Block of BlackRock’s IBIT Traded as Bitcoin Fell
A roughly $1.3bn dark-pool block of BlackRock’s IBIT changed hands May 26 as Bitcoin dipped and U.S. spot ETFs saw net outflows.
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Economy
ECB warns Middle East war-driven energy shock heightens euro-area financial stability risks
ECB's May 27 review says energy-supply shocks from the Middle East could push inflation, slow growth and strain banks, non-banks and sovereigns.
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Industry
Massachusetts Certifies App Drivers Union, Giving 70,000 Uber and Lyft Drivers the Right to Bargain
Massachusetts has certified the App Drivers Union as the statewide bargaining representative for about 70,000 Uber and Lyft drivers under a 2024 law.
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Industry
Former Hodlnaut CEO Charged in Singapore Over Alleged False Claims About UST Losses
Singapore police charged ex-Hodlnaut CEO Zhu Juntao with six fraud counts, accusing him of misleading users about the company’s TerraUSD exposure after UST’s 2022 collapse.