Business News

Stocks Muted, Bankman-Fried Allies Plead Guilty, Under Armour and Micron - Five Things To Know Thu, Dec 22nd 2022 at 10:30 am
Stock futures muted as investors aim for Santa Claus rally; Bankman-Fried allies plead guilty to aid Feds; Under Armour taps ...
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Short sellers were winners gaining nearly $304B as stocks stumbled Thu, Dec 22nd 2022 at 7:54 am
Short sellers broke through to bank profits in 2022 as high-fliers in recent years, suffered while markets fell.
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SEC charges Caroline Ellison with fraud over FTX price manipulation Thu, Dec 22nd 2022 at 2:23 am
The SEC accused Ellison, who is rumored to be cooperating with the Justice Department, and another FTX lieutenant with manipulating ...
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Sam Bankman-Fried Is Set to Leave Bahamas to Face Charges in US Wed, Dec 21st 2022 at 5:10 pm
Frieds extradition was approved by Bahamas judge on Wednesday, clearing one of the final hurdles for him to be sent ...
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US home sales fell nearly 8% last month, posting their longest streak of declines in 23 years Wed, Dec 21st 2022 at 5:01 pm
BROWN/AFP via A home for sale. FREDERIC J. BROWN/AFP via. Existing home sales have fallen for 10 consecutive months, ...
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Elon Musk tries to explain why Tesla shares are tanking Wed, Dec 21st 2022 at 4:53 pm
Shares in electric vehicle maker Tesla sank to a new 52-week low on Tuesday, closing around $138 per share, or 8% lower ...
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U.S. Conference Board shows rebound in consumer confidence Wed, Dec 21st 2022 at 4:14 pm
Wages aren't keeping up with inflation, but U.S. consumers are nonetheless upbeat, the latest survey from the U.S. ...
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Home Sales Plunge To Great Recession Levels As 'Frozen' Housing Market Adjusts To Elevated Mortgage Rates Wed, Dec 21st 2022 at 4:13 pm
A rapid decline in existing home sales is just one of several worrying data points for the housing market, with ...
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Stock market news live updates: Stocks gain as Wall Street fights back from sell-off Wed, Dec 21st 2022 at 3:27 pm
U.S. stocks pushed higher at Wednesday's open, as strong earnings from Nike and FedEx offered a boost to investors ...
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Top energy historian says oil prices could go anywhere next year, it all depends on 3 factors Wed, Dec 21st 2022 at 12:07 pm
The oil markets volatile 2022 is set to bleed into next year, depending on how three global geopolitical and economic factors ...
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The Fed has succeeded in one way -- wealth inequality is now a tiny bit less stark, this analysis finds Wed, Dec 21st 2022 at 12:03 pm
How much the Fed's rate hike campaign has done to bring down inflation is debatable, but it has narrowed the ...
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Cryptocurrencies could cause the next financial crisis, Indian central bank head warns Wed, Dec 21st 2022 at 11:53 am
Shaktikanta Das, governor of the Reserve Bank of India, said his main concern is that cryptocurrencies do not have any ...
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Why recession fears are growing and what that means for you Wed, Dec 21st 2022 at 11:42 am
Recession fears are growing, even as households strained by inflation begin to find some relief. The dynamic captures the confusing ...
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Musk Says Cost-Cutting Averted $3 Billion Twitter Shortfall Wed, Dec 21st 2022 at 11:29 am
Twitter Inc. boss Elon Musk said the platform was on course to hit $3 billion of negative cash flow prior to ...
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Dow futures climb over 200 points after Wall Street snaps a losing run Wed, Dec 21st 2022 at 10:46 am
U.S. stock futures advanced on Wednesday, with Wall Street poised to build on its climb out of a four-straight ...
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Why Japan's shock policy shift didn't 'freak out' US markets: Morning Brief Wed, Dec 21st 2022 at 10:21 am
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to ...
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FedEx's package volumes keep falling, but it's still getting more money out of each delivery Wed, Dec 21st 2022 at 9:26 am
FedEx Corp. on Tuesday said it planned to slash an extra $1 billion in costs beyond what it outlined in September, ...
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5 things to know about your 2023 taxes Wed, Dec 21st 2022 at 7:00 am
There are a number of notable changes taxpayers should be aware of in the 2023 tax year as the IRS updates ...
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World shares mostly higher after slight gains on Wall St Wed, Dec 21st 2022 at 6:53 am
European shares were higher Wednesday after a mixed session in Asia in the absence of major data releases. Germany's DAX ...
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Indonesia to announce ban on exports of a commodity, without saying which Wed, Dec 21st 2022 at 3:49 am
Indonesia will announce an export ban on a commodity later on Wednesday, President Joko Widodo said, without specifying which one, ...
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