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February 2026 Contrasting Ledgers: Considerations for U.S. Dollar Interbank Payment Systems Melissa Leistra Abstract: This paper describes the current U.S. dollar interbank payments landscape and identifies its key characteristics. It then discusses major considerations and potential tradeoffs that various conceptual alternatives might raise. Keywords: Payment systems, Settlement, Shared ledgers, Trade-offs DOI: https://doi.org/10.17016/FEDS.2026.011 PDF: Full Paper Back to Top Last Update: February 25, 2026

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The dollar index (DXY00) today is down by -0.07%.  The dollar is slightly lower today amid a stronger yuan, which has rallied to a 2.75-year high against the dollar.   Also, comments on Tuesday evening from President Trump at the State of the Union address fueled trade uncertainty and weighed on the dollar when he reiterated his resolve to impose trade tariffs.  In addition, strength in stocks today has reduced liquidity demand for the dollar.Losses in the dollar are limited amid weakness in the yen, which dropped to a 2-week low against the dollar today.  Also, higher T-note yields today have…

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Pettee Investors Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 16.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,623 shares of the e-commerce giant’s stock after purchasing an additional 2,838 shares during the quarter. Amazon.com makes up 2.4% of Pettee Investors Inc.’s holdings, making the stock its 9th largest position. Pettee Investors Inc.’s holdings in Amazon.com were worth $4,309,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also bought and sold…

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runs online travel and dining reservation marketplaces, helping consumers search, compare, and book accommodations, flights, rental cars, and restaurant tables. Its major platforms include Booking.com, Priceline, Agoda, KAYAK, Rentalcars.com, and OpenTable.The company recently reported its fourth-quarter results, but the stock did not react well to the news — falling 6.2% in the first session after the report. That’s despite the firm beating revenue expectations, reporting in-line earnings growth of 17%, announcing a 25-for-1 stock split, and showcasing 16% bookings growth. While Booking Holdings has had a very successful run — up 74% over the last five years and up 211%…

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Nvidia CEO Jensen Huang speaks during the 2026 CES event in Las Vegas, Jan. 6, 2026.Bridget Bennett | Bloomberg | Getty ImagesNvidia is scheduled to report fiscal fourth-quarter results after the close of regular trading on Wednesday. Here’s what Wall Street is expecting, according to LSEG consensus estimates:EPS: $1.53 adjustedRevenue: $66.2 billionAnalysts expect revenue growth of 68% from $39.3 billion a year earlier. That would mark an 11th straight quarter of growth above 55% for the company that’s been the biggest beneficiary of the artificial intelligence boom. The streak is likely to continue for another period, as analysts project growth…

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Pokemon “Pikachu Illustrator” Trainer Promo Hologram Trading CardSource: Ha.ComSocial media influencer and wrestler Logan Paul made history last week when he sold a rare Pokémon card for $16.5 million, a world record price for an auctioned trading card. The winner views it as an investment.AJ Scaramucci — son of investor and former White House communications director Anthony Scaramucci — won the bidding war for the “Pikachu Illustrator” card, made in 1998 and one of only an estimated few dozen to exist. It’s the crowning achievement in the Solari Capital founder’s short collecting career, which started with trading cards during the COVID-19…

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The head of Britain’s largest trade union has demanded that Rachel Reeves be sacked as chancellor if the Treasury continues to hold up a multibillion-pound defence investment plan.Sharon Graham, the general secretary of Unite, said tens of thousands of jobs were at risk from political dithering and called on ministers to “back British industry” by signing off on future defence contracts.Unite union members protested outside Downing Street on Wednesday. Photograph: Graeme Robertson/The Guardian“If Rachel Reeves can’t grasp that concept and doesn’t care where things are made then she should go,” Graham said “Actually, you have to have a vision for…

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