Asia’s year in review: Who had it good — and who had it bad — in 2022
With hopes that Covid is in retreat and that inflation will moderate in the year ahead, we take a last look at who had it good and who had it bad in 2022.
China’s retail sales shrink far more than expected, while industrial production disappoints
A day before the data release, China’s National Bureau of Statistics canceled its in-person press conference set for Thursday without explanation.
FTX insider turned on Sam Bankman-Fried days before bankruptcy, flagging potential fraud to regulators
Former FTX co-CEO Ryan Salame disclosed “possible mishandling of clients’ assets” by Sam Bankman-Fried to Bahamian regulators just before FTX bankruptcy filing.
Bank of America names the tech stocks set to benefit from a driverless car boom
The Wall Street bank gives two of the stocks over 50% upside potential.
Missed China’s reopening rally? Bank of America names global stocks to ride the second leg
Bank of America’s analysts have found “green shoots of recovery in high-frequency data” that point toward rising earnings at companies exporting to China.
Dow closes out its worst day in three months, falls more than 700 points as recession fears grow
Investors were digesting the Fed’s decision to keep hiking rates through 2023 and its higher-than-expected terminal rate.
Asia-Pacific markets trade lower after Fed’s rate hike, signals more ahead
Asia-Pacific markets traded lower after the U.S. Federal Reserve raised its benchmark interest rates by 50 basis points to the highest level in 15 years.
New FTX CEO is getting paid $1,300 an hour, and customers will foot the bill
Overall, Ray and his three-person team are taking home $4,225 an hour.
Fusion power is still decades and billions of dollars away, even after this week’s major scientific breakthrough
Progress is happening fast, but the scope of the problem is immense.
Bond king Gundlach says the Fed should not do more rate hikes after the latest increase
DoubleLine Capital CEO Jeffrey Gundlach said the central bank will be “highly encouraged” by the inflation data in the next six months.
