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The oil shock and elevated inflation were top worries for investors in the bond market Wednesday, as Federal Reserve Chair Jerome Powell concluded his final press conference at the helm of the U.S. central bank.
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The new Razr Ultra is still the best-looking phone out there The VergeThe iPhone Fold Could Cut Short the Motorola Razr Fold's Big Moment CNETMotorola's New Razr Folding Phones Command a Higher Price and Few Upgrades WIREDHere's everything that's actually new with Motorola's 2026 Razr lineup — it's not much 9to5GoogleMotorola reveals 2026 Razr lineup with modest upgrades and higher prices Ars Technica
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Nick Reiner Murder Case Proceedings Pushed To The Fall As Evidence, Parents' Autopsies Collection Continues DeadlineCase against murder suspect Nick Reiner moving forward slowly NBC NewsInside Nick Reiner's Murder Case: Everything That's Happened Since Rob Reiner and Michele Reiner's Deaths E! OnlineNick Reiner double murder case delayed as prosecutors await autopsies KTLA
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Fed Meeting Live Updates: Warsh Nomination for Fed Chair Advances Ahead of Powell's Presser The New York TimesFed meeting live updates: Potential drama ahead if Powell hints he will hang around CNBCPowell poised to keep rates unchanged in what could be his last meeting; Warsh advances KATUThe F
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Court sentences former world leader to 7 years in prison for resisting arrest, other charges Fox NewsProsecutors seek 30-year prison term for South Korea's Yoon for drone flights over Pyongyang AP NewsS. Korea: Appeals court increases ex-President Yoon's sentence to 7 yrs in obstruction of justice case Qazinform
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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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