News

The order requires an assortment of federal agencies to research, and provide policy recommendations, on topics related to digital currencies, including the feasibility of a U.S. CBDC.

If signed into law, the measure will head off uncertainty and legal fights around some $16 trillion of LIBOR-linked deals that may survive beyond June 2023.

The reluctance of drugmakers to pause operations in Russia is being met with a growing chorus of criticism.

After three decades of investment following the fall of the Soviet Union, foreign businesses' exodus from Russia has become a stampede.

But doing so in the wake of the country's widely condemned invasion of Ukraine brings unique risks.

Wharton professor Jeremy Siegel says the broader global financial system could face risks.