Assessing China: What political unrest means for ETF investors
Bullish investors see growing unrest in China as sign of reduced lockdowns. Bears believe that more targeted lockdowns will continue regardless.
Mark Zuckerberg says Apple’s App Store policies are not ‘sustainable or good place to be’
At the DealBook Summit on Wednesday, Meta CEO Mark Zuckerberg spoke critically of Apple’s App Store policies.
UK charity backed by disgraced crypto kingpin Sam Bankman-Fried sounds alarm to British regulators after FTX collapse
The implosion of Sam Bankman-Fried’s firms amid a tsunami of new legal troubles casts doubt on the future of the charities he helped underwrite.
Amazon CEO Andy Jassy says cost-cutting review revealed the economy is ‘more uncertain’ than previously thought
Amazon commenced a wide-ranging review of costs and discovered the company “needed to streamline our costs,” CEO Andy Jassy said.
Fed Chair Powell says smaller interest rate hikes could start in December
Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead.
Meta is downsizing at New York location it opened in 2019
Meta said it’s subleasing part of its facilities at Hudson Yards in New York, three years after agreeing to take over 1.5 million square feet there.
This ‘defensive’ software stock could jump 70% going forward, Mizuho predicts
Investors should consider buying Intuit heading into 2023 as a defensive way of gaining exposure to the software sector, according to Mizuho.
House Democrats elect Rep. Hakeem Jeffries as leader, the first Black person to lead congressional caucus
Jeffries, 52, was elected to leadership Wednesday alongside Reps. Katherine Clark, 59, and Pete Aguilar, 43, as the party’s new top three.
Job openings fell in October amid Fed efforts to cool labor market
The Job Openings and Labor Turnover Survey, a closely watched gauge of slack in the labor force, showed there were 10.3 million vacancies for the month.
More Americans tapping buy now, pay later for holiday gifts shows ‘how stressed the economy is,’ Harvard researcher says
With prices near historic highs, more consumers are leaning on buy now, pay later to afford their holiday shopping.
