A CBDC could intrude on the privacy of users and harm banks while providing few benefits otherwise, Bowman said in a speech.
Category: Finance News
Fed’s Bostic sees one more quarter-point rate hike, then a hold ‘for quite some time’
Atlanta Fed chief thinks the FOMC can watch and wait as the lags that come with monetary policy work their way through the economy.
Traders wait to see if Netflix can keep its streak of subscriber surprises going
Netflix’s post-earnings stock performance all comes down to subscriber adds.
Bank of America CEO Brian Moynihan says he sees a relatively mild recession
Moynihan said Bank of America’s research team has been consistent in calling for a mild downturn in light of the Fed’s rate hikes.
SEC’s Gensler in congressional hot seat today over climate change and crypto
Oversight hearings are normally a snoozefest, but this one has the potential for fireworks.
Ramit Sethi: Avoid these 3 toxic money beliefs to build wealth
Ramit Sethi, self-made millionaire and star of the new Netflix show “How To Get Rich,” lists three toxic money beliefs that could be holding you back from wealth creation.
Stocks making the biggest moves premarket: Johnson & Johnson, Goldman Sachs, Sunrun and more
Shares of Goldman Sachs shed nearly 4% after missing revenue estimates in its first-quarter earnings released before Tuesday’s opening bell.
Bank of America shares gain after first-quarter results top expectations on higher rates
Bank of America reported first-quarter earnings and revenue that topped expectations before the bell Tuesday.
Britain could see crypto-specific regulation in the next 12 months, top lawmaker says
The British government laid out plans in February to regulate cryptoassets and opened its suggestions up for consultation.
Goldman Sachs is set to report first-quarter earnings — here’s what the Street expects
So far this earnings season, big banks have mostly outperformed their smaller peers, helped by an influx of deposits after Silicon Valley Bank’s meltdown.