here is more from erin delmore in new york. april 2022 and a lot has happened since then. in may of 2022 a stablecoin grass and a shock to the system, losing investors tens of billions of dollars. a crypto winter followed when asset prices plummeted. then the collapse of the ftx cryptocurrency exchange in november 2022. ftx's founder, sam bankman—fried, was founder, sam bankman—fried, was found guilty of fraud and money laundering last month. also the ceo of binar�*s comedy was large cryptocurrency exchange pleaded guilty to anti— money laundering and us agents violations. he paid a $50 million fine and the company paid a $4.3 billion fine. but going, it is no worse for the wear. the price climbed above $44,000 tuesday and shares of queen —based global, the largest us crib though exchange were up as well. bitcoin miners traded higher as well. here is some of the wind in their sails. us regulators are expected to approve an exchange traded funds directly holds bitcoin. it could happen as early as next month and traders are betti

but it was another issue that caused the biggest reaction, as erin delmore explains. regulators say the new rules are needed to make sure banks have sufficient resources to pay their debts in order to protect the system in a crisis. but on capitol hill wednesday, eight us bank ceos said that's unnecessary and issued a warning that new regulations will hurt the economy and credit markets. the rule would have predictable and harmful outcomes to the economy, markets, business of all sizes and american households in ways that the federal reserve has not studied, contemplated or shared. the hearing is part of the senate banking committee's annual oversight of big banks and what a year it's been. regional bank failures, including silicon valley bank and signature bank, dominated the early part of the year. the ceo said wednesday that the industry is on steady footing and that large banks like theirs helped stabilize the industry after early 2023's failures. the hearing is an opportunity to win favour on capitol hill, especially from moderate democratic senators. but the rea

erin delmore has been following the story in new york.ve sufficient resources to pay their debts in order to protect the system in a crisis. 0n capitol hill wednesday eight us bank ceo said that is unnecessary and issued a warning that new regulations would hurt the economy and credit markets.— would hurt the economy and credit markets. the rule would have predictable _ credit markets. the rule would have predictable and _ credit markets. the rule would have predictable and harmful l have predictable and harmful outcomes to the economy, markets — outcomes to the economy, markets and business of all sizes — markets and business of all sizes and american households, and ways— sizes and american households, and ways the reserve has not studied. _ and ways the reserve has not studied, completed or shared. the hearing as part of the senate banking committee �*s oversight of big banks and what year it has been, regional bank failures including silicon valley bank and signature bank dominated the early part of the year, the ceo said wednesday th

our business correspondent erin delmore in new york has the story.00 is readying for a new member. uber is set to join the elite index later this month and investors are pleased. uber�*s stock ended monday, up more than 2% after rising around 5% in early trading. that put shares not too far off from their all time high of $63.18 apiece. that was back in february 2021. and it's a turnaround story for uber. shares are worth more than double what they were at the start of the year and nearly triple what they were worth in the summer of 2022. that was the summer when many workers left theirjobs, what we call the great resignation. labour shortages were particularly acute in jobs that require people to do their work in person, like driving a car. and when it came to share price, rising interest rates didn't do the company any favours. so uber is readying for a celebratory milestone and an influx of attention. people who invest in s&p 500 index funds own a stake in all of those different stocks. so when uber or any company becomes included in the s&p 500,

from new york, erin delmore reports.s is the highest level we've seen bitcoin climb to since april 2022 and a lot has happened since then. in may of 2022, a stablecoin crash sent a shock to the system, losing investors tens of billions of dollars. a crypto winter followed when asset prices plummeted. then the collapse of the cryptocurrency exchange in november 2020 to ftc�*s founder, sam bankman—fried, was found guilty of fraud and money laundering last month. also in november, the ceo of binance, the world's largest cryptocurrency exchange, pleaded guilty to anti—money laundering and us sanctions violations. he paid a $50 million fine and the company paid a $4.3 billion fine. but bitcoin, it seems, is no worse for the wear. the price climbed above $44,000 tuesday and shares of coinbase global, the largest us crypto exchange, were up as well. bitcoin miners traded higher too. here's some of the wind in their sails. us regulators are expected to approve an exchange traded fund that directly holds bitcoin. it could happen

let's get the details from our north america business correspondent erin delmore. first, the union secured benefits after six weeks of strikes against the big three auto—makers and the big three auto—makers and the needs set their sights on nonunion plants that are in the us and owned by foreign companies and electric vehicle makers now, the charges against honda, hyundai and volkswagen accusing them of interfering with employee efforts to unionise they did not mince words. , ., unionise they did not mince words. ., ., ~ , words. our message to workers everywhere _ words. our message to workers everywhere is — words. our message to workers everywhere is simple, - words. our message to workers everywhere is simple, the - words. our message to workers everywhere is simple, the uaw| everywhere is simple, the uaw has your— everywhere is simple, the uaw has your back. and our message is clear— has your back. and our message is clear to — has your back. and our message is clear to the companies, an attack— is clear to the companies, an attack on _ is clear to the companies, an attack on a _ is c

let's speak now to our north america business correspondent erin delmore.e in hollywood likely to -ass? . ~ is the vote in hollywood likely to ass? ., ~' ,., is the vote in hollywood likely to ass? ., ~ i. ., is the vote in hollywood likely to ass? ., ~ ., ., ., pass? thank you for dealing with our tech issues! — pass? thank you for dealing with our tech issues! we _ pass? thank you for dealing with our tech issues! we do _ pass? thank you for dealing with our tech issues! we do have _ pass? thank you for dealing with our tech issues! we do have some - tech issues! we do have some indications over the vote and remember this is the longer striking history spanning more than a hundred days, and it looks like we would be in the clear when the vote goes to ratification. a couple of sticking points, mostly around ai, and when the union reached a tentative agreement in november they mentioned several wins including one around these protection over ai and now they are proving to be some of the sticking points including synthetic actors which is digital make up tha

from new york, erin delmore reports. in may of 2022, a stablecoin crash sent a shock to the system, losing investors tens of billions of dollars. a crypto winter followed when asset prices plummeted. then the collapse of the cryptocurrency exchange in november 2020 to ftc�*s founder, sam bankman—fried, was found guilty of fraud and money laundering last month.

but it was another issue that caused the biggest reaction — as erin delmore explains.ay their debts in order to protect the system in a crisis. but on capitol hill wednesday, eight us bank ceos said that's unnecessary and issued a warning that new regulations will hurt the economy and credit markets. the rule would have predictable and harmful

but it was another issue that caused the biggest reaction — as erin delmore explains.ebts in order to protect the system in a crisis. but on capitol hill wednesday, eight us bank ceos said that's unnecessary

erin delmore is in new york.e us a sense of what the figures talent us about how effective the feds effort have been in trying to fed's effort have been in trying to tame price rises.— tame price rises. today's date is another piece — tame price rises. today's date is another piece of _ tame price rises. today's date is another piece of evidence - tame price rises. today's date is another piece of evidence that i another piece of evidence that inflation has cooled substantially from 2022 and going back in time, since march 2022 we have seen the federal reserve raise interest rates, you can see how it work, you make it more expensive to borrow so something like the housing market or the car market cools, as inflation rates, as interest rates get hiring because it becomes more expensive to make a big purchase, there are other reasons we are seeing inflation cool reasons we are seeing inflation cool. one is the supply chain issues we saw goods that people were trying to get their hands on, we have seen a lot of that

let's speak now to our north america business correspondent erin delmore. how this vote will go? do. when you say the phrase watching the drama, it plays in a couple of different ways because this has been an ongoing saga about over 100 days, and now the ratification vote. relating to —— when the tentative road was agreed, the union talked about a higher minimum pay and better funding about a higher minimum pay and betterfunding for about a higher minimum pay and better funding for health care and better funding for health care and better conditions on certain protections around the use of artificial intelligence but it is the last one which has become a sticking point is we get closer to the erratic vacation vote and when the erratic vacation vote and when the initial agreement was out, there was a summary of what the contract included but now members have access to 129 page contract and they have passed a few issues related to ai. 0ne passed a few issues related to ai. one is a run consent from actors and another is around synthetic performers which are d

erin delmore in new york has the details.of time for the federal reserve. members began their meeting on tuesday and rapped up on wednesday. deciding whether to hold interest rates that are yet again as they have for the past few months or whether to raise them also black with or over and over again between march 2022 and this summer. the consumer price index is yet another piece of evidence that inflation has cooled substantially from its summer 2022 peak. easing gas prices helped bring november's headline inflation down, but core inflation is the value the federal reserve looks at when it is making policy decisions. it excludes volatile food and energy prices. the number has remained higher thanks in part to persistently high housing costs. raising interest rates is meant to combat inflation. 0ur interest rates make it more offensive to borrow money and thatis offensive to borrow money and that is most are tamped down spending, which in turn should tame runaway prices. president biden praised the data is good news and he ca

but it was another issue that caused the biggest reaction, as erin delmore explains.'s unnecessary and issued a warning that new regulations will hurt the economy and credit markets. the rule would have predictable and harmful