Bank of England hikes key rate by 50 basis points, will continue to respond ‘forcefully’ if needed
The central bank’s Monetary Policy Committee voted 6-3 in favor of the half-percentage point hike.
Prince Harry says Prince William screamed and shouted at him in new record-breaking Netflix documentary
Prince Harry described the terror of being shouted at by his brother, Prince William, during a summit to discuss his and wife Meghan’s royal roles, in a new Netflix documentary.
Bitcoin drops following Fed decision after topping $18,000 for first time in over a month
Bitcoin fell from the $18,000 mark after the Fed raised its benchmark interest rate and indicated there would be further hikes next year.
Recession fears could trigger a ‘lipstick’ effect on deal activity next year
Global deal volume and size decreased this year amid macro headwinds. Recession fears could see buyers increasingly focus on smaller deals.
Asia’s year in review: Who had it good — and who had it bad — in 2022
With hopes that Covid is in retreat and that inflation will moderate in the year ahead, we take a last look at who had it good and who had it bad in 2022.
China’s retail sales shrink far more than expected, while industrial production disappoints
A day before the data release, China’s National Bureau of Statistics canceled its in-person press conference set for Thursday without explanation.
FTX insider turned on Sam Bankman-Fried days before bankruptcy, flagging potential fraud to regulators
Former FTX co-CEO Ryan Salame disclosed “possible mishandling of clients’ assets” by Sam Bankman-Fried to Bahamian regulators just before FTX bankruptcy filing.
Bank of America names the tech stocks set to benefit from a driverless car boom
The Wall Street bank gives two of the stocks over 50% upside potential.
Missed China’s reopening rally? Bank of America names global stocks to ride the second leg
Bank of America’s analysts have found “green shoots of recovery in high-frequency data” that point toward rising earnings at companies exporting to China.
Dow closes out its worst day in three months, falls more than 700 points as recession fears grow
Investors were digesting the Fed’s decision to keep hiking rates through 2023 and its higher-than-expected terminal rate.
