U.S. retail behemoth Walmart is looking to hire someone to develop a digital currency roadmap, joining Amazon in looking for ways to let customers pay for goods with cryptocurrencies.
A recruitment ad on its website said Walmart WMT, +0.90% is looking for a senior director based in company headquarters in Bentonville, Arkansas, who will “identify customer needs and translate them into product requirements” as well as identify crypto-related investment and partnerships.
Amazon AMZN, +0.15% stirred interest when it said it was recruiting for a similar high-level position.
The crypto complex was registering solid gains on Monday, with bitcoin BTCUSD, -1.82% rising 3% to over $47,000, and dogecoin DOGEUSD, -3.34% surging 16%.
Federal Reserve officials are moving toward agreement on a timetable that would see the central bank begin scaling back its easy-money policies in about three months if the economic recovery continues, The Wall Street Journal reported Monday. The report, citing public statements and interviews, said a string of strong employment reports have bolstered the case for the Fed to announce its next meeting, on Sept. 21-22, its intentions to begin tapering its monthly asset purchases. The tapering could potentially begin as soon as its following meeting in November, the report said. Some officials have called for ending the purchases by mid-2022, according to the Journal. The Treasury market took the report in stride, with the yield on the 2-year Treasury note undefined down around 1 basis point at 0.205%, while the 10-year yield undefined was down around 1.5 basis points at 1.283%.
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.


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