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One of Australia’s biggest banks is still wading through a sea of red tape spun by local financial regulators before launching its crypto products to all of its retail users. 255 Total views 15 Total shares Financial regulators are standing in the way of expanded crypto services on Commonwealth Bank of Australia’s (CBA) mobile app. […]
A Senate floor vote on the confirmation of Judge Ketanji Brown Jackson to serve on the U.S. Supreme Court has been set for Thursday at 1:45 p.m. by Majority Leader Chuck Schumer, according to reports. Three Republicans have verbally committed themselves to vote to confirm Jackson, suggesting a likely 53-47 vote, in the wake of […]
The U.S. Treasury secretary emphasized the department’s crypto monitoring efforts at a House Financial Services Committee hearing on Wednesday. 875 Total views 28 Total shares United States Treasury Secretary Janet Yellen told the House Financial Services Committee on Wednesday that her department is not seeing significant use of cryptocurrencies to evade sanctions placed on Russian […]
Stocks ended lower but off their worst levels, with the tech-heavy Nasdaq Composite bearing the brunt of selling pressure for a second session Wednesday after minutes of the Federal Reserve’s March policy meeting outlined plans for shrinking the central bank’s nearly $9 trillion balance sheet. The Dow Jones Industrial Average ended with a loss of […]
The Stablecoin TRUST Act proposed the digital assets be identified as “payment stablecoins” which are exempt from many securities regulations. 368 Total views 42 Total shares Republican Senator Pat Toomey, the ranking member for the Senate Banking Committee, has drafted a bill proposing a regulatory framework for stablecoins in the United States. According to a […]
Costco Wholesale Corp. COST, +1.65% said late Wednesday its March sales rose 18.7% to $21.61 billion, from $18.21 billion in March 2021. Comparable-store sales rose 17.2%, including a 19.1% increase in same-store sales in the U.S., Costco said. The five-week March retail month had one extra shopping day, which helped total and comparable-store sales by […]