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Personal Finance When driving across town for cheaper gas actually pays offTech OpenAI counters Anthropic with a no-retention approach to AI safety monitoringEconomy Trump pauses 50% tariffs as the US and Canada close in on a trade dealCompanies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says noTech OpenAI slows some frontier AI work after a model nears a critical cyber thresholdCrypto Bitcoin tops $69,000, wiping out roughly $1.7 billion in short betsMarkets Gold jumps to its highest since early June as the Treasury doubles bond buybacksPersonal Finance Treasury moves to deny refundable tax credits to immigrants without qualified statusPersonal Finance When driving across town for cheaper gas actually pays offTech OpenAI counters Anthropic with a no-retention approach to AI safety monitoringEconomy Trump pauses 50% tariffs as the US and Canada close in on a trade dealCompanies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says noTech OpenAI slows some frontier AI work after a model nears a critical cyber thresholdCrypto Bitcoin tops $69,000, wiping out roughly $1.7 billion in short betsMarkets Gold jumps to its highest since early June as the Treasury doubles bond buybacksPersonal Finance Treasury moves to deny refundable tax credits to immigrants without qualified status

Priya Venkatesan

Reporter · Boursel

The interior banking hall of a bank
Economy
Friday, 7/24, 07:26 AM

The discount window: how the Fed lends to banks when no one else will

  • Behind the headline interest rate sits a quieter tool that only matters when things go wrong: the discount window, where banks borrow directly from the Federal Reserve against collateral.
  • The rate they pay is the discount rate.
  • It is the plumbing that lets the Fed act as lender of last resort, and it is where banking crises are fought.
Commuters waiting on a city transit platform
Personal Finance 32 d

The costs that stop when you retire and the one that does not

  • Household spending peaks between 45 and 54 and is about 20 percent lower by 75, according to Bureau of Labor Statistics data.
  • That is the empirical basis for planning on 70 to 80 percent of pre-retirement income, and it hides a category moving the other way.

In brief

In brief

Cryptocurrency coins in snow, illustrating a market downturn
Crypto 49 d

A Crypto-Treasury Stock's 73% Crash Is a Warning for the Trend

  • Shares of Avalanche Treasury Co., a company built to hold the AVAX token on its balance sheet, have fallen about 73% since debuting on Nasdaq last month.
  • The collapse is a warning sign for the fast-growing class of 'crypto treasury' companies — publicly traded firms whose whole purpose is stockpiling a cryptocurrency.

In brief

In brief

In brief

In brief