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"It seems like there are two different markets right now," one strategist says.
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Japan votes in snap election as PM Takaichi takes a gamble BBCYoung Voters Can't Get Enough of Japan's Conservative Prime Minister The Wall Street JournalJapan's first female prime minister stakes her future on snap elections NPRJapan's Sanae Takaichi tipped for big win as polls open in snap elections Al Jazeera
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How TrumpRx drug prices compare to generic alternatives AxiosWhite House Debuts Drug-Buying Site TrumpRx, With Roughly 40 Medications The Wall Street JournalTrumpRx: See the 43 drugs available on the Trump administration's new discounted drug site cbsnews.comTrumpRx: What to Know About Insurance Benefits, Pricing and Savings The New York TimesHow effective will TrumpRX be at lowering prescription drug prices for Americans? PBS
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Disruption. It's coming for the U.S. dollar in the form of digital currency. Last week the Biden administration detailed a broad plan for adopting a central bank digital currency (CBDC) in the coming years. The Departments of Energy, Commerce, the Treasury, and other agencies weighed in on how to manage and regulate a CBDC.
The government is reacting in part to the explosive growth of digital currencies. About three out of ten U.S. adults currently invest in some form of cryptocurrency, or "crypto," like Bitcoin or Ethereum. These digital "coins" rely on a decentralized network of computers to verify financial transactions, cutting out third parties like banks or credit cards.
The good, the bad, and the ugly of crypto
Advocates of crypto point to its affordability, efficiency, and its ability to reach consumers with little or no access to traditional banking services. With just a mobile phone or a crypto ATM, consumers can easily send and receive digital currency, even across international borders.
On the other hand, crypto is still largely unregulated and volatile. Investors in Bitcoin, for example, saw returns of over 70% in 2021, but the currency is down almost 60% year to date. And if you send your payment to the wrong account (called a "digital wallet") there may be no way to retrieve it. Crypto has also been used for money laundering, fraud, and to fund terrorism. Several
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