Dow closes 400 points lower to end a wild week of trading
On Friday, all three of the major averages slid, but the Dow managed to clinch a weekly gain during wild trading.
Treasury’s Yellen says Russia’s war has weakened its economy ‘for years to come’
Treasury Secretary Janet Yellen said sanctions the U.S., the European Union and allies have levied against Russia have stunted the nation’s growth prospects.
Tether, world’s biggest stablecoin, cuts its commercial paper holdings to zero
Tether has cut its commercial paper holdings to zero, replacing them with U.S. Treasury bills instead, according to a blog post.
New electrification metals ETF gives investors another way to play the energy transition
The KraneShares Electrification Metals ETF is one of several funds that gives investors a way to bet on key green energy metals.
Here’s the inflation breakdown for September 2022 — in one chart
Inflation was hotter than expected in September. Categories such as food, energy and housing have risen sharply in the past year.
Apple, Goldman Sachs introduce interest-bearing savings accounts as rates rise
Apple continues to expand its consumer financial services offerings as it tries to broaden the ways iPhones can be used.
Biden administration asked Saudi Arabia to postpone OPEC decision by a month, Saudis say
Notably, Biden’s request would have delayed the decision until after the U.S. midterm elections.
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.
