FX spot settlement in 10 seconds: NY Fed releases results of wholesale CBDC research By Cointelegraph
[ad_1] FX spot settlement in 10 seconds: NY Fed releases results of wholesale CBDC research The Federal Reserve Bank of New York Innovation Center has...
‘Living paycheck-to-paycheck has become the norm’: Inflation takes its toll on American finances as emergency funds run dry
Inflation is taking its toll on people’s emergency funds. The share of workers who say they are living paycheck-to-paycheck has surged among middle- to high-income...
BIS releases full report on mBridge wholesale CBDC platform after successful pilot By Cointelegraph
[ad_1] BIS releases full report on mBridge wholesale CBDC platform after successful pilot The Bank for International Settlements (BIS) has released the full details of...
ECB should have DLT wholesale settlements when the market wants it, official says By Cointelegraph
[ad_1] ECB should have DLT wholesale settlements when the market wants it, official says The European Central Bank (ECB) needs a wholesale central bank digital...
Here’s what Costco is saying about inflation — and a membership fee increase
As the market obsesses about inflation and what would cause the Fed to step off the gas pedal, it’s worth considering what some companies are...
Dow closes down 1000 points, Nasdaq falls 3.9% after Powell warns of pain to households in inflation battle
U.S. stocks tumbled Friday, with the Dow Jones Industrial Average closing down more than 1000 points for its worst daily percentage drop since May, after...
Carvana rivals’ stocks plunge after earnings
[ad_1] While Carvana Inc. shares soared despite weaker-than-expected financial results last week, two of the online car-seller’s smaller rivals were not as fortunate Monday. CarGurus...
Walmart Lays Off Hundreds of Corporate Workers
Walmart is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned...
Fed can’t stop hiking interest rates even if there is a recession, former top central banker says
The Federal Reserve has to emulate Mario Draghi and do “whatever it takes” to bring inflation down and that means continuing to raise interest rates...
When will inflation peak? Consumers and economists see light at the end of the tunnel (it’s a long tunnel)
Consumers think inflation still has to boil over before it cools, according to the Federal Reserve Bank of New York’s latest read on people’s economic...