As Coinbase debuts, Powell calls cryptocurrencies 'vehicles for speculation'
Cryptocurrencies are for making bets on price increases and haven't reached the status of payment mechanisms, Powell said Wednesday
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Biden delivers remarks on troop pullout in Afghanistan
President Biden plans to pull U.S. troops out of Afghanistan by Sept. 11, a senior administration official said Tuesday.
Companies that received Covid government contracts under Trump administration ramped up lobbying
Corporations that received millions of dollars in Covid government contracts under the Trump administration also initiated large-scale lobbying campaigns, a new report says.
Watch live: CDC panel debates use of J&J Covid vaccine after rare blood clot issue affects 6 women
The Advisory Committee on Immunization Practices will review data on the women who developed a rare blood-clotting disorder.
Jeff Bezos' Blue Origin launches and lands rocket New Shepard, as it prepares to launch people
Jeff Bezos' private space company Blue Origin launched and landed the fifteenth test flight of its New Shepard rocket booster and capsule on Wednesday.
Early Coinbase investor Ron Conway says the crypto economy is the next multitrillion-dollar opportunity
On the day of Coinbase's direct listing to go public, prominent tech investor Ron Conway also said Coinbase is the Google for the crypto economy.
Gas tax is not being considered in Biden's infrastructure plan, White House says
The Biden administration is not considering a hike to the federal gasoline tax as a way to help pay for infrastructure, the White House said Tuesday.
White House says U.S. is working to accelerate doses of Pfizer, Moderna Covid vaccines
Jeff Zients said the FDA's recommended pause on J&J's vaccine would not have a "significant impact" on the administration's vaccination program.
GOP Rep. Kevin Brady, top House tax writer for Trump cuts, will retire at end of term
The Texas Republican served as chairman of the powerful House Ways and Means Committee, the top tax-writing body in the chamber, for two terms.
10-year Treasury yield rises slightly to 1.64%
U.S. Treasury yields rose slightly on Wednesday morning, following a slightly higher-than-expected inflation reading in the previous session.
Biden will nominate Robert Santos for Census chief job, would be first person of color in post
Biden to nominate Robert Santos for Director of the Census Bureau. He would become the first person-of-color if confirmed.
The Cheesecake Factory tries to bounce back from Covid-19
With Covid-wary consumers pivoting to takeout and delivery, casual-dining restaurants like The Cheesecake Factory have struggled with falling sales.
Wells Fargo earnings top estimates on $1.05 billion release of loan loss reserves, stock jumps 5%
Wells Fargo beat expectations for earnings and revenue in the first quarter.
Dr. Anthony Fauci explains what the U.S. pause on J&J's Covid vaccine means
Dr. Fauci said the pause will give U.S. health regulators the time they need to thoroughly investigate how six women developed a rare blood clotting disorder.
Treasury creates new office to oversee Covid relief programs
The office will distribute about $420 billion in aid from the $1.9 trillion American Rescue Plan approved last month.
Goldman Sachs reports record results that top the Street amid booming investment banking
Goldman Sachs crushed forecasts with record first-quarter net profits and sales due to strong performance in trading and investment banking.
SpaceX adds to previous equity round, pushing Elon Musk's last raise total to nearly $1.2 billion
Elon Musk's SpaceX added more money to its February equity raise, with the amended total reaching nearly $1.2 billion.
Space companies brought in $1.9 billion during the first quarter, led by SpaceX's 'mega-round': Report
Investors poured $1.9 billion into space infrastructure companies in the first quarter of 2021, according to a report by New York-based firm Space Capital.
JPMorgan Chase beats profit estimates on strong trading, $5.2 billion release of loan-loss reserves
JPMorgan posted first-quarter profit of $4.50 a share, much higher than the $3.10 per share expected by analysts surveyed by Refinitiv.
College internships are back and pay even more than before
The summer employment picture is improving for 16-to-24 year olds, with some internships paying more than $8,000 a month, the equivalent of a six-figure salary.
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