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Banking & Finance

The latest coverage of the banking and financial sectors.

Coinbase employees gather outside the Nasdaq MarketSite during the company's IPO, in New York's Times Square, Wednesday, April 14, 2021. Wall Street will be focused on Coinbase Wednesday with the digital currency exchange becoming a publicly traded company. (AP Photo/Richard Drew)

Coinbase soars in market debut, valued near $100 billion

- Associated Press

Coinbase made a rousing debut on Wall Street on Wednesday, with the digital currency exchange’s stock opening at $381, giving it a market value of $100 billion.

Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. The GameStop saga has been portrayed as a victory of the little guy over Wall Street giants but not everyone agrees, including some lawmakers in Washington. The House Financial Services Committee is ready to dig into the confounding episode at a hearing on Thursday, Feb. 18. (AP Photo/John Minchillo, File)

Lawmakers face off with GameStop saga’s key players

- Associated Press

Key players in the GameStop saga are testifying to a House committee Thursday. Lawmakers are examining whether the wild swings in the stock price of the video game retailer exposed conflicts in the market’s structure that can hurt unsophisticated investors.

In this March 9, 2020, file photo, Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington. (AP Photo/Susan Walsh, File)

Tesla buys $1.5B in Bitcoin, will accept as payment soon

Associated Press

Tesla has acquired around $1.5 billion in Bitcoin under an investment policy at the electric car maker headed by Elon Musk, and it plans to begin accepting the digital currency as payment for vehicles soon.