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Joyce Spencer: Community news for Friday, Oct. 9
Click for community news.
UK's Oxford Metrics warns about annual loss on entertainment industry spending cuts
Oct 9 (Reuters) - British smart sensing tech firm Oxford Metrics warned about an annual loss on Friday, hit by spending cuts and studio consolidation across the film and TV
UK’s Oxford Metrics warns about annual loss on entertainment industry spending cuts
Oct 9 (Reuters) - British smart sensing tech firm Oxford Metrics warned about an annual loss on Friday, hit by spending cuts and studio consolidation across the film and TV industry and tighter research budgets, sending its shares 15% lower. Here are...
Oil prices fall as Trump pauses Iran attacks, China restarts fuel exports
Brent crude prices fell on Friday as president Donald Trump promised not to attack Iran ahead of the US midterm elections in November
Saint Laurent ends decade-long tenure of designer Vaccarello as part of wider group revamp
Belgian designer Anthony Vaccarello is leaving Saint Laurent after a decade as the brand's creative director, the brand's owner Kering said on Friday.
India's TCS rises on AI revenue, international business growth
Shares of information technology firm Tata Consultancy Services rose on Friday on accelerating AI-related revenue and growth in its international business.
President Trump to visit Syracuse Friday for midterm rally
President Donald Trump is set to visit Syracuse on Friday alongside Republican candidate for New York governor Bruce Blakeman.
Cloud Quest opening inaugural family entertainment center in Briargate
Cloud Quest, a new indoor family entertainment facility, is opening its inaugural location late Friday afternoon in north Colorado Springs.
Brackets: 2026 Section 2 girls' tennis team tournament fields set
Play gets underway Friday. Championships are scheduled for next Wednesday and Thursday.
Politics Friday: An open House seat is up for grabs in Minnesota's 2nd District
Friday at noon, MPR News hosts a debate between the two candidates in Minnesota’s 2nd Congressional District. Then, a rundown of the week in Minnesota politics.
TENNESSEE LADY VOLS SOCCER: Time to recover after two losses
Just five regular season matches remain for the Tennessee soccer team in the 2026 season as the Lady Vols head to the Palmetto State to face No. 11 South Carolina on Friday night. Kickoff from Eugene E. Stone III is set for 7 p.m. ET.
2 famous bands to rock out at PPL Center next year
Tickets go on sale to the general public Friday, Oct. 16 at 10 a.m.
Delta Q3 earnings preview: Premium business expected to blunt high fuel costs; CEO Bastian, Musk battle over in-flight wifi
Delta Air Lines will report third quarter results Friday morning, with investors expecting Delta's premium business to continue to blunt issues like rising fuel costs and capacity cuts.
PSV Receive Major Injury Boost Ahead of SC Heerenveen Clash
Lutsharel Geertruida’s return to training bolsters Peter Bosz’s defensive options as the Eredivisie champions navigate a congested schedule and a lengthy absentee list for Friday's home fixture.
\'Ghost Hunters\' star to speak in Millersville Friday night; here\'s how to get tickets
A “Ghost Hunters” personality will visit Millersville this week.
Lewis Hamilton: Ferrari driver says team held 'huge discussions' over strategy following Bahrain GP tyre-choice blunder
Lewis Hamilton plummeted from second on the grid after starting last weekends Bahrain GP on slick dry tyres in wet conditions; watch Practice at 9.30am followed by Sprint Qualifying at 1.30pm on Friday live on Sky Sports F1 as the Singapore Grand Prix weekend begins
Produced water forum brings science, questions to Iraan
More than 50 residents, ranchers, elected officials, industry representatives and water stakeholders gathered at the Iraan Civic Center Friday, Oct. 2, for a first-of-its-kind local discussion centered on whether highly saline produced water from Permian Basin oil and gas operations could one day be treated and beneficially reused. Hosted by Friends of the Pecos River and the Texas Produced Water Consortium, the forum ran from 9:30 a.m. to noon and included presentations, refreshments and an extended public question-and-answer session.
Women’s Friendly Preview: Germany vs. Australia
Germany entertain Australia in Karlsruhe on Friday as women's football takes the first international break of the season. Both sides are already qualified for the 2027 Women’s World Cup.Christian W�...
Free ‘STEAM the Block Party' aims to get DC youth involved in science, tech, arts
Drones, robotics, AI and more: The Steam the Block Party in Southeast D.C. on Friday, Oct. 9, from 10 a.m. to 2 p.m. aims to spark a love of science. Members of the Swaliga Foundation talk with News4’s Molette Green. Performers include UCB.
‘He Has a Bigger Problem,’ ‘Embarrassed The Business’ — NFL Legend Terrell Owens Has No Sympathy For Tony Romo After Controversial CBS Exit
Terrell Owens has little sympathy for Tony Romo following the former Dallas Cowboys quarterback’s sudden departure from CBS Sports. The network announced on Friday that it had mutually agreed to part ways with Romo after nine years in the broadcast booth, bringing an unexpected end to one of the biggest analyst careers in recent NFL history.
Formula 1: Max Verstappen says sport 'less stressful' without Christian Horner, speaks on whether he would drive for Ferrari and his new contract
Max Verstappen on F1 post Christian Horner: It is not as spicy but I quite like how things are going with everyones behaviour, lets put it like that; Verstappen says it is not my concern if Horner returns to sport; watch Singapore Grand Prix weekend live on Sky Sports F1 from Friday
'The Social Reckoning' review: Aaron Sorkin's follow-up to 'The Social Network' is missing some key ingredients
A whistleblower reveals hard truths about Facebook in this sequel, which opens Friday.
Movie Review: ‘The Social Reckoning’ is classic Aaron Sorkin
Aaron Sorkin revisits a familiar subject, Mark Zuckerberg, in “The Social Reckoning,” which opens in theaters nationwide Friday. Sixteen years after “The Social Network,” Zuckerberg is now portrayed by Jeremy
Inter vs. Parma, Chivu's press conference on Friday
Serie A is finally set to resume after the long international break: Inter will take on Parma at San Siro on Saturday 10 October at 18:00 CEST in their Matchday 6 fixture.On the eve of the league clas...
Show ambition or stay at home
QPR boss Julien Stephan says his players must show ambition at West Ham on Friday night - or otherwise "stay at home".
‘Hotel Transylvania’ Halloween party headed to Waynesville
This year, the Waynesville Parks & Recreation is throwing it’s biggest Halloween celebration yet. The Hotel Transylvania Halloween Party will be held from 5-8 p.m. Friday, Oct. 16, at the
Formula 1 on Apple TV is getting Dolby Atmos, starting this month
Beginning with the U.S. Grand Prix weekend on Friday, October 23, Apple TV will offer Formula 1 coverage in Dolby Atmos on supported devices.
University of Dubuque Fall Band Concert to Explore Intersection of
DUBUQUE, IOWA (October 6, 2026) — Science demonstrations and musical selections will come together for a mystifying evening during National Chemistry Week at the Fall Band Concert at 7PM, Friday,
Celebrating Ron Hearst: Business owners share thoughts on Ron’s viral shorts moment
For 38 years, he’s tracked the storms so you didn’t have to worry. Friday night, KY3 Chief Meteorologist Ron Hearst retires, capping a career the Ozarks won’t forget.
Health experts in touch with Russia since last Friday: US official
Fox News senior foreign policy correspondent Gillian Turner reports on Secretary of State Marco Rubio pressing Russia for information about a suspected plague death and the U.S. response on ‘Special Report.’
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
Together for a lifetime: Vietnamese couples renew lifelong commitments
On Friday, September 25, at 11 a.m., 86 elderly Vietnamese couples celebrated celebrated years of love and commitment with hearty meals, gifts, formal dress, and a formal vow renewal ceremony
‘Crystal Lake’ star Linda Cardellini on tackling horror icon in her post-Emmy era (exclusive)
Linda Cardellini is Mother (Voorhees). The ‘Crystal Lake’ star talks about her biggest horror role to date, paying homage to Betsy Palmer’s ‘Friday the 13th’ character, and what’s next after her Emmy win.
Baptist Health Paducah to offer lung cancer screenings during Lung Cancer Awareness Month
Baptist Health Paducah will set aside low dose lung cancer screening appointments Friday, Nov. 13, in recognition of Lung Cancer Awareness Month.
Archbishop Golka to Celebrate 40 Days for Life Mass at Marisol Health
At the heart of the Church’s defense of life is a simple but powerful response: prayer. This October, Catholics across the Archdiocese of Denver are invited to come together in that prayer as Archbishop James R. Golka celebrates a special 40 Days for Life Mass at Marisol Health.The Mass will be celebrated on Friday, October 23, at 2:00 p.m. in the garden at Marisol Health, 2894 Olive Street in Denver. Together, the faithful will give thanks to God for the precious gift of life and pray for mothe
Dare County workshop seeks stronger links between behavioral health and justice systems
Dare County community stakeholders, local law enforcement, and members of the local court system will come together Thursday and Friday, Oct. 8-9, to develop integrated strategies to effectively identify and […]
What are ‘sleeping beauties’ in the world of knowledge?
In a new book, artist David Byrne explores how important ideas are forgotten—and then remembered—over time.
Commentary: The Trump train runs out of steam
The Donald Trump who took the stage in Mobile on Friday was a far cry from the Trump who packed Ladd-Pebbles Stadium in 2015.
Red snapper season opens Friday; anglers can donate carcasses for science and prizes
MOREHEAD CITY, N.C. — Recreational anglers will have three days to harvest red snapper this weekend, and North Carolina fisheries officials are asking them to c
Las Vegas Arts District business pushes for safe space for teens after 15-year-old dies in shooting
Advocates call for youth spaces after deadly First Friday shooting
Las Vegas Arts District business pushes for safe space for teens after 15-year-old dies in shooting
Advocates call for youth spaces after deadly First Friday shooting
Las Vegas Arts District business pushes for safe space for teens after 15-year-old dies in shooting
Advocates call for youth spaces after deadly First Friday shooting
Las Vegas Arts District business pushes for safe space for teens after 15-year-old dies in shooting
Advocates call for youth spaces after deadly First Friday shooting
Las Vegas Arts District business pushes for safe space for teens after 15-year-old dies in shooting
Advocates call for youth spaces after deadly First Friday shooting
Las Vegas Arts District business pushes for safe space for teens after 15-year-old dies in shooting
Advocates call for youth spaces after deadly First Friday shooting
Las Vegas Arts District business pushes for safe space for teens after 15-year-old dies in shooting
Advocates call for youth spaces after deadly First Friday shooting
Las Vegas Arts District business pushes for safe space for teens after 15-year-old dies in shooting
Advocates call for youth spaces after deadly First Friday shooting
Las Vegas Arts District business pushes for safe space for teens after 15-year-old dies in shooting
Advocates call for youth spaces after deadly First Friday shooting
Las Vegas Arts District business pushes for safe space for teens after 15-year-old dies in shooting
Advocates call for youth spaces after deadly First Friday shooting
Las Vegas Arts District business pushes for safe space for teens after 15-year-old dies in shooting
Advocates call for youth spaces after deadly First Friday shooting
Eagles flying to London for game vs. Jaguars on Friday, leaving little time to adjust after Rams' issues in Australia
Apple Announces iPhone Duo Apps Can Now Be Submitted to App Store
Apple today announced that apps optimized for the iPhone Duo can now be submitted for App Store approval, ahead of the foldable device launching on Friday, October 23. While existing App Store apps will automatically run on the iPhone Duo, only apps built with the iOS 27.1 SDK or later can dynamically resize to fill the entire space of the inner display, whereas unoptimized apps will have black borders.
After FBI departure, Andrew Bailey says his focus is not on 2028
Andrew Bailey walked out of the J. Edgar Hoover Building in Washington, D.C. Friday and was back in Missouri watching his son play football Saturday, ending a roughly 13-month stint as co-deputy director of the FBI.
CAS inducts seven into Hall of Fame
The College of Arts and Sciences (CAS) inducted seven distinguished members of the CAS community into its Hall of Fame on Friday, September 18.
Iowa Legislature expands MEGA program, creating path for steel plant incentive
During a special session on Friday, the Iowa Legislature expanded the Major Economic Growth Attraction (MEGA) program, paving the way for a tax incentive for Mesabi Metallics to construct a steel plant in Lee County. Gov. Kim Reynolds signed the bill into law on Friday. The MEGA program, administered through the Iowa Economic Development Authority,…
Hoptoberfest and Art Walk combined for art, entertainment, and fun
COLDWATER, MI. - Downtown Coldwater was filled with hundreds of visitors Friday evening, Oct. 2, as Hoptoberfest and the annual Art Walk combined to create an evening of art, entertainment, and fun.
Misericordia University to Host Healthcare Symposium with Presenting Sponsor Geisinger
Misericordia University’s College of Health Sciences and Education, with Geisinger as Presenting Sponsor, will host the 2026 Healthcare Symposium, “Connected Care: Aligning Education, Innovation & Community Health,” on Friday, Oct. 23, from 8 a.m. to 5 p.m. in Lemmond Theater on the University’s Dallas campus.
Seedy K’s Pigskin Palaver: House of Cards & Much Mo’
Ah yes, October; the pigskin campaign is morphing more fully developed. And, fully enveloping. This week, there’s a football game on every single night. Not just the more traditional Thursday, Friday, Saturday, Sunday, Monday. Because Draft Kings and Fan Duel and The World Wide Leader need content, we get Southern Miss and Troy on Tuesday, […]
Seattle-area businesses feel sting of ‘obscene diesel prices’
In Washington, the average cost for a gallon of diesel was around $7.37 Friday, according to the American Automobile Association, almost $2.50 more than a year ago.
Reclaiming 'Health Sovereignty': EU Gastein Forum Confronts A Fragmenting Global Order
Health, long treated as a sanctuary of diplomatic consensus, has entered an era of high politics and ideological division. Leading the closing panel of the EU Health Forum Gastein (EHFG) on Friday (2 October), session chair Ilona Kickbusch, founder of the Global Health Centre at the Graduate Institute in Geneva, highlighted how recent votes at the UN General Assembly demonstrate that nation-states increasingly split and vote instead of searching for consensus.
Students, politicians gather on Beinecke to protest Trump negotiations
On Friday afternoon, protesters marched to Beinecke Plaza, where they convened with Connecticut politicians, including Sen. Richard Blumenthal LAW ’73, to urge Yale administrators against settling a federal investigation into its admissions practices.
Rules analyst reveals game-changing referee mistake
Earlier this season, the Michigan Wolverines benefited from a controversial replay decision that put one more second on the clock, allowing for one last heave at the end zone, only for governing bodies to later conclude that protocol was not correctly followed. A similar situation happened this week at the FCS level. During Friday night’s…
US authorities detain Nicaraguan political exiles stripped of citizenship, raising fears of deportation
Human Rights Watch (HRW) on Friday reported that US immigration authorities detained 8 Nicaraguan exiles who were previously granted protected status in 2023 after fleeing political prosecution. On Fe...
Miles College Honors Master P, Announces Economic Mobility Initiative at Inaugural Business and Research Conference
Special to the Times Miles College hosted its first Judge U.W. Clemon Center Business & Research Conference on Friday, during Homecoming 2026, bringing together Alabama leaders and nationally r…
Valkyries' Natalie Nakase takes steps to monitor her health after on-court scare
Golden State head coach Natalie Nakase addressed the causes of her on-court collapse late in the Valkyries' series-clinching win Friday, and measures she's taking for her health.
Valkyries’ Natalie Nakase takes steps to monitor health after scare
Golden State head coach Natalie Nakase addressed the causes of her on-court collapse late in the Valkyries’ series-clinching win Friday, and measures she’s taking for her health.
NC's voter registration deadline nearing
Friday is the deadline for regular registration to vote in this year’s midterm elections.
3 Questions For Rockets Preseason Opener In Macao
NBA preseason is already underway. Likely MVP candidate Giannis Antetokounmpo has made his unofficial debut for the Miami Heat. Houston Rockets fans will have to wait until Friday, October 9th for their team to play the Dallas Mavericks in Macao. Here are three questions they should look out for when that time comes. 3 Questions …
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.
Washington Wizards Hold First Scrimmage of 2026 Training Camp
After a light practice on Friday, the Washington Wizards hosted a scrimmage inside CareFirst Arena on Saturday afternoon
High school sports roundup for Oct. 2-3, 2026
Friday, Oct. 2 Football Edmonds-Woodway defeated Lynnwood 48-6 Nathan Schlack scored three touchdowns and the Edmonds-Woodway Warriors defense held the Lynnwood Royals to 37 yards of total offense as the […]
High school flag football: Friday and Saturday scores
CIF City Section and Southern Section high school girls' flag football scores for games played on Friday and Saturday.
New Business Manager Appointed at Phelps-Clifton Springs School
Dan Friday is the new Phelps-Clifton Springs CSD business manager. He joins from East Rochester CSD, succeeding Karl Dubash, who took a role at Pittsford CSD.
Arts District reeling after deadly First Friday shooting; some business owners say event should end
One dead and two injured after gunfire during First Friday anniversary
Suspect at large after man stabbed outside Northeast Side restaurant, police say
San Antonio police say a disturbance outside a business escalated into a stabbing Friday night. The victim was hospitalized as the suspect fled, briefly reentered the building, and remains at large.
Outsider country star makes wild, unforgettable return to Seattle
The locked-in country star was in a wildman's groove Friday when he played Seattle proper for the first time in years.
Tyler Childers goes wild in overdue Seattle show
The locked-in country star was in a wildman's groove Friday when he played Seattle proper for the first time in years.
TENNESSEE LADY VOLS VOLLEYBALL: Gators dominate in three sets
No. 11 Tennessee volleyball dropped a three-set match on the road against No. 7 Florida (22-25, 18-25, 23-25) on Friday evening.
The second annual Grand Strand Chef’s Table event returns to Myrtle Beach
The Horry Georgetown Technical College’s International Culinary Institute of Myrtle Beach is ready to host the second annual Grand Strand Chef’s Table event on Friday, Oct. 16.
Trump to give $90 to senior citizens for Medicare premiums
President Donald Trump said late Friday he will give around 20 million senior citizens $90 each to help pay for their Medicare Part B premiums, marking his latest effort to dole out funds to certain Americans weeks before the midterm elections.
Trey Smith on his blocking approach to accommodate running backs
During Friday's press conference, Kansas City Chiefs OL Trey Smith addressed his blocking approach to accommodate running backs | @EdEastonJr
FOX4 Game of the Week: Kearney vs. St. Pius X
FOX4 went to St. Pius X High School on Friday night for another edition of our "Game of the Week."
Thrilling Indiana high school football game marred by postgame shooting in parking lot
The shooting occurred in a parking lot Friday night after the game had come to an end.
Sanders helps open Arkansas Forest Health Research Center
MONTICELLO — Gov. Sarah Huckabee Sanders, U.S. Rep. Bruce Westerman and other state leaders helped the University of Arkansas at Monticello open the Arkansas Forest Health Research Center on Friday (Oct. 2). The center is located next to the Fine Arts Center at the school, which is home to the state’s only college of forestry. […]
North Country Sports Scoreboard: Saturday, October 2, 2026
Let’s take a look at Friday's sports scoreboard.
Syracuse Football Fans Upset With Program's Social Media Post
Orange fans did not appreciate a Friday social media post by the team that seemed to target fans on Friday.
‘Brave from the beginning’: 20 years of Friday Night Lights – the sports drama that dared to be different
It launched the careers of Jesse Plemons and Michael B Drama, and let its stars improvise in a way that was fresh and new. This show about smalltown US football was confident, trailblazing – and wonderful
Wizards Notes: Bilal Coulibaly's Shot, Carrington's Comments
Notes from Friday's practice for the Washington Wizards on Bilal Coulibaly's improved shot, Deandre Ayton's impact and Bub Carrington's comments
Rockford area football scores from Friday, October 2, 2026
Here are the high school football results for games in the Rockford area on Friday night, October 2.
Hardee’s Friday Night Blitz Week 6
THURSDAY, OCTOBER 1 (3-3)BLACKSBURG 34, (3-3)CAVE SPRING 27 (5-0)WILLIAM BYRD 40, (4-1)RADFORD 35 (5-1)AUBURN 34, (0-6)GILES 14 (4-1)THOMAS JEFFERSON-RICHMOND 14, (4-1)HERITAGE 7 FRIDAY, OCTOBER 2 (5-0)ROANOKE CATHOLIC 18, ST. FRANCIS ACADEMY 2 FORK UNION 35, (2-4)NORTH CROSS 33 (5-1)PARRY MCCLUER 43, (0-5)SMITH MOUNTAIN LAKE CHRISTIAN 21 (3-2)ALTAVISTA 55, (2-4)DAN RIVER 7 (3-3)APPOMATTOX 49, (2-3)CHATHAM 7 […]
All Byron all night against previously undefeated Du-Pec Rivermen
You typically don't expect a running clock in a game between two 6-0 teams, but then Byron isn't just any 6-0 team. The Tigers are an orange and black machine and that machine was on full display Friday as Byron defeated the Du-Pec Rivermen 59-0.
Boylan upends Auburn for its first win of the season
The Boylan Titans earned their first win of the season and their first win under new head coach Joel Beard Friday night by defeating Auburn 27-6.
Clemson president among those asking for adjustments to Protect College Sports Act
SPARTANBURG, SC(WSPA)–Clemson president Ben Ayers was among four ACC presidents to sign a letter addressed to U.S. House Speaker Mike Johnson asking for adjustments to the Protect College Sports Act now before his body, the website Tomahawk Nation reported Friday night. The letter advocates changing expansion language in the PCSA bill that passed the senate […]
Ryan Field’s debut delivers a major moment for Northwestern football
The Wildcats opened their long-awaited new home Friday night with a charged atmosphere, an announced sellout crowd and the type of performance David Braun believes can propel the program forward.
Green Bay-area high school sports results for Friday, Oct. 2
High school football teams were in action in Week 7.
Appleton-area high school sports results for Friday, Oct. 2
High school football teams were in action in Week 7.
Seattle Seahawks Depth Chart at Running Back Against Chargers
On Friday, Seattle Seahawks head coach Mike Macdonald confirmed that Jadarian Price will be out against the Los Angeles Chargers, which means the depth chart at running back is a lot thinner now. Behind Price, there are three running backs expected to be active against the Chargers for the Seattle Seahawks. Those players are Emanuel […] The post Seattle Seahawks Depth Chart at Running Back Against Chargers appeared first on HEAVY.
Home Team Friday: Week 7
HENDERSON, Ky. (WEHT) — Don’t miss out on our weekly coverage of high school football in the Tri-State. Home Team Friday airs every Friday night at 10:35 CT on ABC 25. Watch the videos below to see the full show: Part 1 Part 2 Part 3 Part 4
North Huskies take down Vincennes
EVANSVILLE, Ind. (WEHT) — The North Huskies beat Vincennes, 34-17 on Friday. The Huskies will look to keep the wins coming when they face Jasper next week.
FNF Week 5: Jesuit dominates Holy Cross, 33-6
The Holy Cross Crusaders took on the Jesuit Blue Jays on Friday night at Tad Gormley Stadium.