U.S. budget deficit cut in half for biggest decrease ever amid Covid spending declines
The U.S. budget deficit was sliced in half for fiscal 2022, the biggest drop in history following two years of huge Covid-related spending.
3 charts showing the market turmoil wreaked during UK PM Liz Truss’ tenure
Liz Truss’ time as prime minister of the U.K. was short-lived, but the impacts of her policies were felt. These three charts show what happened to the economy.
2-year Treasury yield falls below 4.5% as traders weigh a potential slowdown in Fed hikes
The Wall Street Journal reported Friday morning that some Fed officials were growing uneasy with the current pace of rate increases.
Why you should stop overthinking and start taking risks, according to this CEO
It’s easy to overthink the decisions in your career, but the CEO of creative agency Imagination, Patrick Reid, says that taking risks when you’re young can be more rewarding than trying to follow a perfect path. And he has the experience to prove it.
China-owned TikTok denies it could use location information to track U.S. users
TikTok, owned by Chinese firm ByteDance, on Friday denied that it used specific location data to track certain U.S. individuals.
British pound pares losses amid political uncertainty and Liz Truss’ resignation
“Overseas investors are likely to see this political volatility as another reason to get out of U.K. assets,” one strategist told CNBC.
Pakistan election commission bars former PM Khan from holding public office
Pakistan’s Election Commission disqualified former prime minister Imran Khan on Friday from holding public office.
A timeline of what happens next following UK PM Liz Truss’ resignation
The race to find Truss’ replacement is already well underway.
European markets close lower as UK political chaos continues; retail stocks fall 3%
European markets closed lower on Friday as political chaos in the U.K. continued following the resignation of Prime Minister Liz Truss.
‘Turkey has long been hell for journalists’: Reporters slam country’s new ‘fake news’ law
“With this new law … the goal is to control social media because conventional media is already under Erdogan’s control,” an exiled Turkish journalist told CNBC.
