Strong Results From Pinterest, Snap Spur Turnaround In Clobbered Social Media Stocks

Strong Results From Pinterest, Snap Spur Turnaround In Clobbered Social Media Stocks

(Reuters) – Shares of Snap and Pinterest surged in extended trading on Thursday following strong quarterly reports, and Twitter also jumped, marking a massive reversal from a wipeout in those social media stocks earlier in the day following a dismal forecast from Meta Platforms. Snap rocketed 62% higher after the company reported better-than-expected fourth-quarter user…

Read More
Boston Fed, MIT Release Technical Research On Central Bank Digital Currencies

Boston Fed, MIT Release Technical Research On Central Bank Digital Currencies

By Jonnelle Marte (Reuters) – The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) unveiled on Thursday long-awaited technical research and open-source code that could be used as the groundwork for a potential central bank digital currency. The research does not suggest that the U.S. central bank will move toward launching…

Read More