Powell squashes the possibility that the Fed will develop its own digital currency

Key Points

Fed Chair Jerome Powell asserted Tuesday that the central bank will not develop its own digital currency as long as he is in charge, ending several years of speculation.
Over the years, multiple officials have raised concerns, with most saying there was no obvious need for a CBDC and citing concerns over privacy and other issues.

Source

Finance

Stocks making the biggest moves premarket: Exxon Mobil, Carnival, Delta, General Motors and more

April 2, 2026

Check out the companies making the biggest moves in premarket trading: Oil stocks — Shares of energy companies jumped alongside the move higher in oil prices , which surged more than 7% after President Donald Trump’s speech Wednesday night indicated the war in Iran would continue. APA gained 4.3%, while Diamondback Energy , ConocoPhillips , […]

Finance

Stocks making the biggest moves midday: Eli Lilly, Hasbro, Philip Morris, Intel, Micron & more

April 1, 2026

Check out the companies making the biggest moves in midday trading: Eli Lilly — The Food and Drug Administration approved Foundayo , the company’s once-a-day GLP-1 pill to treat obesity. Shares rose about 4% on the news. Hasbro — The toymaker fell more than 4% after it disclosed a cybersecurity incident where there was unauthorized […]

Finance

Visa launches new AI tools to manage the charge dispute process

April 1, 2026

Key Points Visa launched six new artificial intelligence tools to help entities involved in the payments process manage charge disputes, the company told CNBC exclusively. Visa said it processed more than 103 million disputes globally in 2025, marking a 35% increase since 2019. It’s the latest example of major financial institutions introducing AI. Source