President Biden signed an executive order in 2022 to research a central bank digital currency, but the U.S. government has not stated plans to create one.
Earnings Results: GameStop stock soars nearly 50% on surprise quarterly profit, higher sales
GameStop Corp. stock jumped 48% in the extended session Tuesday after the specialty retailer reported a surprise quarterly profit and sales were above Wall Street expectations.
The Tell: Technology stocks like Microsoft and Apple are outperforming the S&P 500 by the widest margin in years
Megacap technology stocks like Amazon.com Inc., Microsoft Corp. and Apple Inc. have outperformed the broader market by the widest margin in years following the collapse of Silicon Valley Bank and two other U.S. lenders.
Outside the Box: Biden’s rebuke of a bold, reform-minded crime law makes all Americans less safe
President’s decision is the latest backlash to U.S. justice reform coming from both sides of the political aisle.
: Tough talk aside, TikTok may have little to worry about from U.S. lawmakers
As congressional members from both parties sharpened their rhetorical knives in preparation for TikTok Chief Executive Shou Zi Chew’s testimony Thursday, the embattled company launched a counteroffensive.
Living With Climate Change: Biden declares first ocean climate-action plan meant to help fishing and limit warming seas
Biden’s ocean climate-action plan is part of a White House agenda to set the nation on course to conserve at least 30% of its ocean waters by 2030.
Futures Movers: Oil prices see biggest weekly drop of 2023 on recession fears
Oil futures suffer biggest weekly drop of 2023 as worries over the U.S. and European banking sector stoke recession fears.
Market Extra: Bank jitters put spotlight on commercial real estate. 3 charts pinpoint the potential trouble spots.
Banking sector jitters and higher interest rates likely spell trouble for the roughly $5.5 trillion U.S. commercial real estate debt market.
: Is your cash in a real FDIC-insured bank or a look-alike? Are you sure?
Non-banks’ use of banking lingo, FDIC logo draw scrutiny. Amid bank failures, FDIC sees an increase in false promises of deposit insurance
Crypto: IRS considers taxing NFT art as collectibles
The United States Treasury Department and the Internal Revenue Service are trying to determine if NFTs should be considered collectibles
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