Bank of America CEO says financial industry will jump into crypto payments if regulators allow it

Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it. The head of the second largest U.S. bank by assets was asked by CNBC’s Andrew Ross Sorkin about how the industry’s approach to crypto could change given President Donald Trump’s enthusiasm for digital currencies. “If the rules come in […]

Trump not expected to carry through on Day 1 tariff threats

President Donald Trump isn’t expected to carry through on his threat to impose sweeping tariffs on the first day of his presidency, a move that economists have warned could lead to higher prices for Americans and hurt U.S. businesses.  Instead, Trump will direct federal agencies to examine different areas of trade policy and recommend actions, […]