UBS says recession in 2023 will be an inch deep but a mile wide — and that’s not priced into stocks
The chief strategist of UBS Investment Bank names the sectors he expects to outperform next year.
U.S. shoppers alone in boosting Black Friday spend as cost-of-living crisis hits Europe
Bargain-hunting shoppers will be expecting retailers to cut prices by a greater margin this year as they tighten their belts amid a worsening cost-of-living crisis.
Elon Musk says Twitter is granting ‘amnesty’ to suspended accounts
Elon Musk said Thursday that he is granting “amnesty” for suspended Twitter accounts, which online safety experts say will spur harassment and misinformation.
Berlin airport reopens runways after climate protest
Activists closed takeoff and landing runways due to unauthorized access of several people.
Binance deploys $1 billion to keep crypto industry afloat after FTX collapse
Binance said it may increase that amount to $2 billion at a point in time in the future “if the need arises.”
CEO of $4.5 billion tech firm slams his peers over layoffs: ‘These are humans’
The boss of European digital insurance startup Wefox decried how tech companies have laid off workers en masse.
German property market will slow — but no significant correction ahead, central bank says
Claudia Buch, vice president of the Bundesbank, told CNBC there had not been a reversal of the “overall dynamic” in the housing market.
A ‘frugal’ millionaire shares the 5 money rules he teaches his kids: ‘My mom clipped coupons every week’
Self-made millionaire Jonathan Sanchez grew up up with a frugal mindset, and his mom would collect coupons every weekend. As a parent, he shares the most important money lessons he’s teaching his kids today.
Bank of England official favors more rate hikes, but sees potential for cuts
Bank of England Deputy Governor Dave Ramsden backed more interest rate hikes on Thursday, but said he would consider cutting rates if necessary.
A December rally may arrive, but the first half of 2023 could be rough for stocks
Stock strategists say there’s a good chance for a December rally, but the market may not be as generous to investors in the first part of next year.
