Budding optimism at the annual meeting of billionaires, heads of state and business leaders in the Swiss Alps collided with a fresh threat.Story Published at: January 18, 2023 at 07:44PM
Davos elites see a major risk ahead for markets with looming U.S. debt standoff
Fake cannabis billionaire Justin Costello pleads guilty in $35 million fraud, with recommended prison term of 10 years
Justin Costello pretended to be a billionaire, a Special Forces veteran and Harvard MBA as he duped hundreds of people in a large fraud, prosecutors say.Story Published at: January 18, 2023 at 07:01PM
We welcome Cisco CEO’s upbeat view on the economy, but remain cautious on future order growth
The chief executive of Club holding Cisco Systems (CSCO) on Wednesday continued to strike a confident note on the state of the economy. Story Published at: January 18, 2023 at 06:46PM
The threat of a transatlantic trade war is dominating Davos
The pressure is on the European institutions — but the question is how far are they willing to go?Story Published at: January 18, 2023 at 05:41PM
Floods devastate Philippines as president declares ‘state of calamity’
The Philippines is ranked among the most vulnerable countries to climate-related disasters but is a minor contributor to global climate change.Story Published at: January 18, 2023 at 05:32PM
Microsoft, Amazon and other tech companies have laid off more than 60,000 employees in the last year
The tech industry has seen a string of layoffs in the face of uncertain economic conditions.Story Published at: January 18, 2023 at 05:24PM
Markets fully price in quarter-point interest rate hike in February as inflation slows
Pricing Wednesday morning pointed to a 94.3% probability of a 0.25 percentage point hike at the Federal Reserve’s two-day meeting that concludes Feb. 1.Story Published at: January 18, 2023 at 05:23PM
Ripple CEO is optimistic the crypto firm will get ruling on XRP lawsuit soon, slams ’embarrassing’ SEC
Ripple CEO Brad Garlinghouse said he is optimistic a judge will issue a ruling on its legal dispute with the Securities and Exchange Commission this year.Story Published at: January 18, 2023 at 03:18PM
Oil giant Aramco says windfall taxes ‘not helpful’ and could stifle decarbonization
The energy debate has been dominated by tensions between the need for energy security and a desire for cleaner energy sources to combat climate change. Story Published at: January 18, 2023 at 02:34PM
Microsoft is laying off 10,000 employees
Microsoft said it’s letting go of 10,000 employees as the software maker braces for slower revenue growth.Story Published at: January 18, 2023 at 02:20PM