December 09, 2022 | Daily Business Review
UK to Consult on Central Bank Digital Currency in Coming WeeksThe Bank of England officials have become increasingly vocal about the need for so-called central bank digital currencies which would give consumers and businesses a form of money that's as safe as cash but usable in online transactions.
By Joe Mayes
2 minute read
December 09, 2022 | Daily Business Review
Coinbase to Waive Fees for Converting Tether Stablecoins to USDCCoinbase sought to portray stablecoin USDC as a safer asset amid the turmoil unleashed by the collapse of crypto exchange FTX a month ago.
By Emily Nicolle
2 minute read
December 09, 2022 | Daily Business Review
Retail Traders Lose $350 Billion in Brutal Year for Taking RisksIndividual investors have had an outsize influence on the market since the start of pandemic lockdowns.
By Bailey Lipschultz
4 minute read
December 09, 2022 | Daily Business Review
'Don't Say Gay' Florida Lawmaker Resigns Amid Fraud ChargesRep. Joe Harding, a 35-year-old Republican, is accused of illegally obtaining or trying to obtain more than $150,000 from the Small Business Administration in pandemic aid loans.
By Associated Press
2 minute read
December 09, 2022 | Daily Business Review
Fight Over Officer Testimony Roils Proud Boys Sedition CaseThe legal skirmish is unfolding two weeks before jury selection is supposed to begin in one of the highest-profile cases the Justice Department has brought since the Jan. 6 insurrection.
By Alanna Durkin Richer
5 minute read
December 09, 2022 | Daily Business Review
Stocks Wobbly With Swaps Priced for Fed DownshiftSome of the world's biggest investors predict that stocks will see low double-digit gains next year, which would bring relief after global equities suffered their worst loss since 2008.
By Rita Nazareth
4 minute read
December 08, 2022 | Daily Business Review
Short Sellers' Damning Reports May Get Harder to GoogleGoogle said it has worked hard to implement the right to be forgotten in the EU and "to strike a sensible balance between people's rights of access to information and privacy."
By Stephanie Bodoni
3 minute read
December 08, 2022 | Daily Business Review
Carvana Pact Offers Blueprint for Battle-Weary Debt InvestorsCarvana and its creditors are getting ready to do battle over restructuring the company's debt, most of which is unsecured.
By Eliza Ronalds-Hannon and Davide Scigliuzzo
4 minute read
December 08, 2022 | Daily Business Review
Stocks See Up Day Ahead of Key Inflation NumbersTraders are awaiting key inflation figures for clues on whether the Federal Reserve will be able to notch down its aggressive tightening campaign.
By Rita Nazareth
3 minute read
December 08, 2022 | Daily Business Review
DeSantis Administration Seeks Go-Ahead on Race Instruction LawThe Stop WOKE Act, which was a priority of Gov. Ron DeSantis, lists a series of race-related concepts and says it would constitute discrimination if students are subjected to instruction that "espouses, promotes, advances, inculcates or compels" them to believe the concepts.
By Jim Saunders
4 minute read
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