The Federal Reserve on Wednesday released its decision on interest rates following a two-day meeting. Story Published at: March 22, 2023 at 06:08PM
Fed hikes rates by a quarter percentage point, indicates increases are near an end
XRP cryptocurrency jumps as investors hope Ripple will win legal battle with the SEC
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.Story Published at: March 22, 2023 at 02:24PM
JPMorgan Chase buys data platform for startups in push to serve venture capital investors
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.Story Published at: March 22, 2023 at 01:45PM
Here’s everything the Federal Reserve is expected to do Wednesday
The Fed will close its two-day meeting Wednesday with a heavy air of uncertainty.Story Published at: March 22, 2023 at 11:12AM
Goldman Sachs is using ChatGPT-style A.I. in house to assist developers with writing code
Goldman Sachs developers are internally using generative AI tools to assist their code writing, according to a top executive at the bank.Story Published at: March 22, 2023 at 10:04AM
Euro pushes higher as ECB chief Lagarde says inflation is still too high
The euro pushed higher against the U.S. dollar following comments from the European Central Bank President Christine Lagarde that inflation is “still high.”Story Published at: March 22, 2023 at 09:19AM
UK inflation rate breaks 3-month stretch of declines with surprise rise to 10.4%
U.K. inflation unexpectedly jumped in February as food and energy bills continued to soar, placing further pressure on households.Story Published at: March 22, 2023 at 07:12AM
‘Cannabis in Germany will be a success story’: Europe’s biggest economy moves closer to weed legalization
Germany could be weeks away from introducing a bill to legalize cannabis — a move that would make it the world’s largest regulated national market for the drug.Story Published at: March 22, 2023 at 06:41AM
China and Russia affirm economic cooperation for the next several years
Chinese President Xi Jinping and Russian President Vladimir Putin have agreed to cooperate on a range of economic and business areas.Story Published at: March 22, 2023 at 06:19AM
CNBC Daily Open: Janet Yellen’s guarantee to banks comes with a catch
Regional banks popped after Treasury Secretary Janet Yellen said the government might guarantee deposits. But banks lost ground again in after-hours trading.Story Published at: March 22, 2023 at 06:01AM