The IRS intends to tax some non-fungible tokens as collectibles, it said in a notice Monday. Profits carry a higher top tax rate than stocks and crypto.

The Fed will hike interest rates just one more time in 2023 before the central bank ends its battle against inflation, according to its median forecast.

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Feb. 1.

These are the stocks posting the largest moves in midday trading.

The deal is the latest in a string of fintech acquisitions made under CEO Jamie Dimon. Since 2020, JPMorgan has acquired a half-dozen startups.

XRP, a cryptocurrency closely associated with Ripple, surged over 11% on Wednesday as investors grew hopeful the firm would win its legal battle with the SEC.

Shares of Richard Branson’s Virgin Orbit Holdings soared on a report it is nearing a $200 million investment deal, rescuing it from potential bankruptcy.

The Fed will close its two-day meeting Wednesday with a heavy air of uncertainty.

Goldman Sachs developers are internally using generative AI tools to assist their code writing, according to a top executive at the bank.

Marcus Swanepoel, the CEO of crypto exchange Luno, is now executive chairman. He’ll focus on helping Luno seek funding from investors other than DCG.