markets

DCG-owned crypto exchange Luno replaces CEO, seeks outside investment after layoffs

LONDON — The CEO of cryptocurrency exchange Luno is stepping aside and handing the reins to its head of operations,…

Goldman Sachs is using ChatGPT-style A.I. in house to assist developers with writing code

Goldman Sachs is experimenting with generative AI tools internally to help its developers automatically generate and test code, the company’s…

‘Blanket insurance’ of bank deposits is not being discussed, Yellen tells senators

WASHINGTON — Federal bank regulators are not considering any plans to insure all U.S. bank deposits without congressional approval, Treasury…

Stocks making the biggest moves premarket: GameStop, Luminar Technologies, Virgin Orbit & more

Check out the companies making headlines before the bell. GameStop — The meme stock surged 44% after the company posted…

Watch live: Treasury Secretary Janet Yellen testifies at Senate hearing

(The stream is slated to start at 2:30 pm ET. Please refresh the page if you do not see a…

XRP cryptocurrency jumps as investors hope Ripple will win legal battle with the SEC

The XRP cryptocurrency soared on Wednesday as investors grew hopeful that Ripple, a company closely associated with the token, would…

Stocks making the biggest moves midday: Nvidia, First Republic, Nike, GameStop and more

Check out the companies making headlines in midday trading. Nvidia — Nvidia shares gained 1%, building on their recent outperformance.…

Op-ed: ESG investing and 2018 change in bank laws didn’t cause Silicon Valley Bank to collapse, says former Sen. Heitkamp

Heidi Heitkamp is a former Democratic senator from North Dakota, and currently serves as director of the University of Chicago’s…

Biden calls on Congress to tighten laws to claw back executive pay, levy penalties in bank failures

President Joe Biden called on Congress to give regulators more authority to claw back pay and penalize executives at distressed…

China would be among first paid under GOP debt limit plan, Treasury Secretary Yellen says

WASHINGTON — Treasury Secretary Janet Yellen said Thursday that China would be among the first in line to get paid…