As it looks to keep up with global financial innovation, and preserve dollar supremacy, the Federal Reserve has finally released a long-awaited paper discussing the pros and cons of a potential U.S. central bank digital currency. While the 40-page document doesn't take a stance on any specific policy, it will open the discussion between the central bank and stakeholders, as well as solicit public comment. Some upsides include faster and safer payment options, though risks like privacy protection and financial stability would have to be addressed.

Fears of a Netflix slowdown sent shares cratering 20% AH on Thursday, erasing $45B of market value as investors prepare for a new phase of slower growth. While the streaming giant beat on both the top and bottom lines, and reported just over 8mm global paid net subscriber additions in Q4, its guidance is what really hit sentiment. It would also mark the slowest start to a new year for the company in at least a decade.

Things don't appear to be getting better for the Nasdaq, which fell deeper into correction territory on Thursday, and is now down nearly 5% this week.  Peloton, the once-celebrated pandemic favorite is temporarily halting production of its connected fitness products due to slowing demand. Shares of Peloton plunged on the news, falling 24%, below its IPO price.