Shares of AMC Entertainment have fallen more than 85% so far this year, sinking below $4.Story Published at: December 28, 2022 at 09:40PM
AMC shares hit 52-week low as recent moves and gimmicks fail to win over investors
FTX diverted $200 million of customer money for two venture deals that caught the SEC’s attention
As Sam Bankman-Fried was using FTX customer money for all sorts of risky trading and lending, he was also making large venture investments.Story Published at: December 28, 2022 at 10:34PM
U.S. records 100 million Covid cases, but more than 200 million Americans have probably had it
As the U.S. enters the fourth year of the pandemic, the virus keeps mutating into more transmissible variants, making it even more difficult to control.Story Published at: December 28, 2022 at 06:57PM
The fintech reckoning is upon us. Here’s what to expect next year
Many fintech startups will be forced to shutter or sell themselves as they run out of funding in 2023, according to investors, founders and investment bankers.Story Published at: December 28, 2022 at 03:07PM
Dow headed back below 30,000, slim chance of soft landing for economy in 2023: CNBC CFO survey
CFOs expect the Dow Jones Industrial Average to fall below 30,000 and the economy to enter a recession next year, according to a CNBC survey.Story Published at: December 28, 2022 at 12:35PM
Putin attempts to undermine oil price cap as global energy markets fracture
Oil markets are more “divided, more politically charged” than ever — but are likely to shake off Russia’s export ban announcement in the short term. Story Published at: December 28, 2022 at 02:01PM
Crypto exchange Kraken to shutter its Japan operations after global layoffs
Crypto exchange Kraken said Wednesday that it will stop operations in Japan next month, blaming a “weak crypto market globally.”Story Published at: December 28, 2022 at 11:34AM
Global economy is heading into a decade of low growth, economist says
The global economy likely faces a decade of sluggish growth, according to Daniel Lacalle, author and chief economist at Tressis Gestion.Story Published at: December 28, 2022 at 10:55AM
A long-term illness crisis is threatening the UK economy
The number of “economically inactive” people — those neither working nor looking for a job — between the ages of 16 and 64 has risen by over 630,000 since 2019.Story Published at: December 28, 2022 at 06:23AM
U.S. weighs new measures for travelers from China as Japan says it will require negative Covid tests
The U.S. officials noted Malaysia is also taking measures while India and the WHO have expressed their concern about the situation in China.Story Published at: December 28, 2022 at 03:24AM