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U.S. stocks give up morning gains to close mixed

Quartz

qz.com › us-stocks-close-lower-on-tariff-confusion-1851766674

U.S. stocks gave up their early gains to close mixed on Wednesday as U.S. bond yields fell again amid confusing comments from Donald Trump about tariffs on Canada and Mexico and after more lackluster economic data. Nvidia (NVDA) stock ended up 3.67% ahead of its earnings later today.

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Bank of America CEO signals potential stablecoin launch

Quartz

qz.com › bank-of-america-ceo-signals-potential-stablecoin-launch-1851766666

Bank of America (BAC) is poised to enter the stablecoin market, contingent upon the passage of favorable legislation by U.S. lawmakers, according to CEO Brian Moynihan. Speaking at the Economic Club of Washington, D.C., Moynihan stated, “If they make that legal, we will go into that business,” according to Decrypt​.

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Rachel Maddow's staff faces layoffs amid MSNBC production cuts

Quartz

qz.com › rachel-maddows-staff-faces-layoffs-amid-msnbc-productio-1851766619

MSNBC (CMCSA) is set to implement significant production cuts, resulting in layoffs for much of Rachel Maddow’s staff. The changes are expected to take effect in April, following Maddow’s completion of a special primetime coverage of President Trump’s first 100 days in office, according to Fox News​. After this…

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Bitcoin's downward spiral continues as the Trump-led crypto party is over

Quartz

qz.com › bitcoin-trump-rally-fades-bybit-hack-memecoin-scandal-1851766598

Bitcoin continued its downward trend on Wednesday, signaling that the Trump-driven crypto surge may have run its course. The leading crypto is 20% down from its all-time high that was reached just a month ago during Donald Trump’s inauguration. Currently, it is hovering around $86,000, down nearly 10% over the past…

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