Dow pops 1,200 points, S&P 500 jumps 5% in biggest rally in two years after light inflation report
October’s CPI data came in lighter than expected, raising hopes of peaking inflation.
Wall Street layoffs pick up steam as Citigroup and Barclays cut hundreds of workers
The industry has returned to an annual ritual that’s been part of what defined life on Wall Street: Cutting workers who are deemed to be underperformers.
Binance backs out of FTX rescue, leaving the crypto exchange on the brink of collapse
Binance is backing out of its plans to acquire FTX, the company said Wednesday.
Leaked video: Mark Zuckerberg addresses Meta employees after mass layoff
Meta CEO Mark Zuckerberg addressed employees Wednesday afternoon, hours after the company announced it is laying off 13% of its staff, more than 11,000 people.
Here’s a rundown of tech companies that have announced layoffs in 2022
Meta cut 11,000 jobs Wednesday in the biggest tech layoff of 2022. It’s not alone.
Binance CEO says he didn’t ‘master plan’ FTX collapse
A day after announcing a non-binding agreement to buy FTX, Binance CEO Changpeng Zhao tried to assure employees that he didn’t plan for these events to unfold.
Here’s what the midterm election results could mean for energy ETFs
Energy has been a key political topic this year, with soaring oil prices leading to discussions about how to boost U.S. energy production.
Tesla sinks to almost two-year low on Elon Musk stock sales, Twitter distraction
Shares of Tesla have been plummeting since Elon Musk said he would buy Twitter, and the retreat gained steam after Musk reported sales of Tesla stock.
Bitcoin falls to its lowest level in nearly two years as Binance abandons FTX deal
Bitcoin fell to a new bear market low Wednesday after Binance walked away from a deal to bail out FTX.
Barclays’ playbook for the coming recession: Defensive stocks that could still gain 20%
The firm looked for core defensives with upside potential.
