Hacker News with Generative AI: Finance

Feel the Billionaire Lifestyle: Adjusted Price Simulator Based on Your Net Worth (vercel.app)
This simulator helps you grasp just how insanely rich billionaires are by comparing their net worth to your own.
Google to pay $1.38B over privacy violations (malwarebytes.com)
The state of Texas reached a mammoth financial agreement with Google last week, securing $1.375 billion in payments to settle two three year-old lawsuits.
Stablecoins Are Bank Deposits (ft.com)
Stablecoins are bank deposits
China Offers to Fund Colombia Projects If the US Blocks Loans (bloomberg.com)
China could step in to finance infrastructure in Colombia and across Latin America if the US fulfills its threat to block funding, according to Beijing’s ambassador to Bogota.
Bank transactions cleared by FTP-ing files (twitter.com)
Something went wrong, but don’t fret — let’s give it another shot.
Power Failure: The downfall of General Electric (gwintrob.com)
Power Failure by William Cohan chronicles the spectacular collapse of General Electric, once America's most valuable company. From a $600 billion giant to near-bankruptcy, GE's downfall reveals how financialization and imperial CEOs destroyed a 130-year industrial icon.
Trump media group plans to raise $3B to spend on cryptocurrencies (ft.com)
Trump media group plans to raise $3bn to spend on cryptocurrencies
TeleMessage Customers Include DC Police, Andreessen Horowitz, JP Morgan,Hundreds (micahflee.com)
I've been digging through the 410 GB of Java heap dumps from TeleMessage's archive server, provided by DDoSecrets. Here's a description of the dataset, some of my initial findings, details about an upcoming open source research tool I'm going to release, and a huge list of potential TeleMessage customers.
U.S. Coin Circulation: The Path Forward (2022) [pdf] (frbservices.org)
Show HN: GenAI-powered OCR API for PDF receipts/invoices with smart extraction (visionparser.com)
Welcome to the next level of document automation! Our innovative Receipt and Invoice Parsing API, powered by state-of-the-art Generative AI, gives you a flexible solution that extracts structured data from any receipt format. Experience exceptional accuracy, speed, affordability and customisation for receipt parsing.
Arrests "imminent" in eXch money laundering case after crypto seizure (monero.forex)
eXch, an instant crypto exchange long preferred by users desiring privacy, has abruptly and unexpectedly announced that they are shutting down their service.
US Treasury to stop producing pennies next year (bbc.com)
One cent coins will stop being produced in the US next year, the Treasury Department has confirmed.
Klarna's losses widen after more consumers fail to repay loans (ft.com)
Klarna’s losses widen after more consumers fail to repay loans
What happens if investors lose faith in America? (paulkrugman.substack.com)
I used to be an economics ambulance-chaser — someone who raced around the world to wherever there was an interesting economic calamity. And this international experience probably made me more sensitive than most economists to the way economies that seem to be doing OK can suddenly fall off a cliff into economic crisis.
US Mint moves forward with plans to kill the penny (apnews.com)
Microsoft-backed Builder.ai collapsed after finding potentially bogus sales (ft.com)
Microsoft-backed Builder.ai collapsed after finding potentially bogus sales
The Treasury unveils its plan to kill the penny (cnn.com)
Trump Crypto Partner Is KuCoin – Which Is Banned in U.S. for Money Laundering (forbes.com)
Donald Trump’s crypto venture launched its stablecoin Wednesday on an exchange recently banned from the United States after admitting to violating anti-money laundering laws and agreeing to pay a $300 million fine.
Trading with Claude, and writing your own MCP server (dangelov.com)
Ever wanted to check on your portfolio and trade some stocks directly with Claude? Well you’re in luck.
Treasury Yields Soar as Ballooning U.S. Deficit Worries Wall Street (investopedia.com)
Treasury debt continued its wild ride on Wednesday, with yields soaring amid concerns about the U.S. government’s unsustainable deficit spending.
Show HN: I vibe coded a complex trading app (apple.com)
Tradofire – Swipe, Trade, Win.
The US Treasury just shocked Americans with a $258B surplus (yahoo.com)
Budget deficits are something we’ve come to expect from Uncle Sam. After all, without years of overspending, the federal government wouldn’t be sitting on trillions of dollars in debt. But, the latest monthly Treasury statement delivered a rare — and welcome — surprise.
Elon Musk materially lied to Tesla (TSLA) shareholders – transcript and proof (electrek.co)
Elon Musk just made public and material lies aimed at Tesla shareholders. Here’s the proof with the relevant transcript.
Microsoft-Backed Builder.ai to Enter Insolvency Proceedings (bloomberg.com)
Builder.ai, the British artificial intelligence startup backed by Microsoft Corp. and the Qatar Investment Authority, will file an insolvency case after overstating sales figures it provided investors.
U.S. banks are sitting on $500B worth of unrealized losses (investorsobserver.com)
Coinbase becomes first crypto exchange to join the S&P 500 (latimes.com)
Coinbase on Monday became the first cryptocurrency exchange to join the Standard & Poor’s 500 index, marking a pivotal moment for the digital assets industry.
European Investment Bank to inject €70B in European tech (ioplus.nl)
The European Investment Bank (EIB) will invest €70 billion into Europe's technology sector by 2027, aiming to close the innovation gap with the United States.
Discover is now part of Capital One (discover.com)
We’re pleased to announce that on May 18, 2025, Discover Bank merged into Capital One, N.A. (“Capital One”).
U.S. Downgraded by Moody's as Trump Pushes Costly Tax Cuts (nytimes.com)
The credit rating of the United States received a potentially costly downgrade on Friday, as the ratings firm Moody’s determined that the government’s rising debt levels stood to grow further if Republicans enact a package of new tax cuts.
UK overtakes China as second-largest US Treasury holder (ft.com)