Major coins traded in the red on Wednesday evening as the Federal Open Market Committee (FOMC) delivered on its widely expected announcement to raise interest rates by a quarter point.
Tesla CEO Elon Musk criticized the Federal Reserve's rate hike, saying it will accentuate depositor flight which is a major headache for policymakers and the banking industry in the wake of the ongoing crisis.</
New York authorities would be given expanded power to shut down illegal pot shops and levy fines of up to $200,000 under legislation proposed Wednesday by Gov. Kathy Hochul, who is making yet another attempt to protect the stalled legal weed market.
The SPDR S&P 500 (NYSE: SPY) is volatile Wednesday afternoon following the Federal Reserve's decision to raise rates another 0.25%, marking its ninth straight rate increase.