European stocks pare losses as markets digest inflation data; Fed outcome ahead
European stocks slipped on Wednesday as global markets digested new inflation readings and looked ahead to the U.S. Federal Reserve’s monetary policy decision.
DOJ and SEC charge social media influencers in alleged $100 million stock pump-and-dump scheme
Defendants allegedly used Twitter and Discord to promote stocks without disclosing alleged plans to sell once the prices rose.
Twitter suspends account dedicated to tracking Elon Musk’s private jet
The Twitter account used to track billionaire Elon Musk’s private jet was suspended as of Wednesday morning.
Photos show disgraced FTX founder Sam Bankman-Fried cuffed in Bahamas on his way to jail
Sam Bankman-Fried was photographed handcuffed Tuesday night after a judge denied him bail and remanded him to Bahamas’ Fox Hill jail until February 2023.
China removes six officials after Manchester consulate incident, UK says
Police wanted to question the officials over the treatment of a man who said he was beaten up while protesting outside the Chinese consulate in Manchester.
Bank of England seen hiking by a half-point as inflation shows signs of peaking
The Bank of England faces the unenviable task of navigating a slowing economy, sky-high inflation and an extremely tight labor market.
Morocco airline cancels World Cup fans’ flights, citing Qatar restrictions
Royal Air Maroc cancelled Qatar Airways-operated flights intended to carry fans to the World Cup semi-final in Doha.
London suffers IPO ‘drought’ as fund raising plunges by 90% this year
Analysts said the market had cooled due to weak economic growth forecasts, rising interest rates and wariness around the performance of British firms.
Decade ahead will be great for investing but we’ll need to wait 12 months first, CIO says
Investors will need to wait out the next year to reap the financial rewards of the next decade according to Bill Smead from Smead Capital Management.
Binance CEO says deposits are ‘coming back in’ but sees ‘bumpy’ road ahead for the crypto firm
Binance CEO Changpeng Zhao on Wednesday said that the situation has “stabilized” at his cryptocurrency exchange in a bid to assuage investors’ fears.
