Social Security cost-of-living adjustment will be 8.7% in 2023, highest increase in 40 years
High inflation will prompt a record Social Security cost-of-living increase in 2023. Here’s what that means for benefits.
UK extends deadline to remove Huawei from 5G networks after one carrier warned of outages
U.K. telcos will now have until December 2023 to remove Huawei 5G equipment from their network “cores,” where some of the most sensitive data is processed.
British pound jumps on reports UK government may reverse parts of its tax-cutting proposals
Sterling jumped against the U.S. dollar on Thursday following reports that the U.K. government is in talks to scrap parts of its unfunded package of tax cuts.
Inflation increased 0.4% in September, more than expected despite rate hikes
The consumer price index was expected to increase 0.3% in September, according to Dow Jones estimates.
Globally critical chip firm tells U.S. staff to stop servicing China customers after Biden export curbs
ASML, one of the world’s most important semiconductor toolmakers, told U.S. employees to servicing Chinese customers in response to Washington’s export curbs.
El Salvador’s bitcoin experiment: $60 million lost, $375 million spent, little to show so far
The use of bitcoin in El Salvador appears to be low, as the currency has lost about 60% of its value since the experiment started.
It wouldn’t be a surprise if the ECB hikes rates above 3%, says Belgium’s central bank chief
“I think we are going to have to go real positive somewhere,” Belgium’s Pierre Wunsch told CNBC.
Asian economies may have to brace for rising debt and capital flight, IMF warns
Asia’s biggest economic problems next year will stem from rising interest rates. These will put increasing pressure on debt servicing in Asia and heighten capital flight from the region
Strikes, possible blackouts and a plunging currency: Brits are being hit by a wave of bad news
The U.K. has been beset by a wave of economic and political crises in recent months.
Buy these stocks that are beating earnings expectations in this tough environment, Wolfe Research says
Wolfe Research came up with a list of names to hold for the long term based on their earnings performances and forecasts this year.
