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Robert Stack

Robert Stack

Robert Stack is a copy editor for ALM Media.

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December 09, 2022 | Daily Business Review

UK to Consult on Central Bank Digital Currency in Coming Weeks

The 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 USDC

Coinbase 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 Risks

Individual 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 Charges

Rep. 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 Case

The 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 Downshift

Some 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 Google

Google 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 Investors

Carvana 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 Numbers

Traders 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 Law

The 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