Binance CEO Changpeng Zhao on Wednesday said that the situation has “stabilized” at his cryptocurrency exchange in a bid to assuage investors’ fears.Story Published at: December 14, 2022 at 10:01AM
Binance CEO says deposits are ‘coming back in’ but sees ‘bumpy’ road ahead for the crypto firm
UK inflation falls from 41-year high as fuel price surge eases
U.K. inflation came in slightly below expectations at 10.7% in November, as cooling fuel prices helped ease price pressures.Story Published at: December 14, 2022 at 07:07AM
European Central Bank set for 50 basis point rate hike on hopes that inflation has peaked
The European Central Bank will continue to hike benchmark rates, albeit at a slower pace, with inflation expected to be close to a peak.Story Published at: December 14, 2022 at 06:15AM
Morgan Stanley upgrades its 2023 growth outlook for China, expects stronger and earlier rebound
Morgan Stanley raised its outlook for China’s economy in 2023 on a rebound in activity that the firm predicts will come earlier and sharper than expected.Story Published at: December 14, 2022 at 06:18AM
Britain’s new ‘winter of discontent’ deepens as widespread strikes mount over festive period
The list of workers launching industrial action in the U.K. over the Christmas period continues to grow, fueling concerns about more persistent wage inflation.Story Published at: December 14, 2022 at 06:03AM
Jack Dorsey admits mistakes at Twitter, and says the site still has problems
Twitter co-founder Jack Dorsey wrote in a blog post that he gave up pushing for the changes he wanted at Twitter after activist investors came into the company.Story Published at: December 14, 2022 at 12:57AM
Charts suggest it’s time to buy the dips in oil, Jim Cramer says
“The charts, as interpreted by Carley Garner, suggest that the oil speculators have been mostly wiped out, so it’s time to buy the dips,” he said.Story Published at: December 14, 2022 at 12:27AM
Inflation moderates, China Covid rules ease. Have two heads of the dragon been slayed?
The Fed’s fight against inflation this year has been one head of the three-headed dragon keeping markets from making a meaningful move higher. Story Published at: December 13, 2022 at 09:47PM
Ford boosts production of electric F-150 Lightning pickup truck
Ford Motor has added a third production shift to its Michigan plant that produces the electric F-150 Lightning as it looks to boost output. Story Published at: December 13, 2022 at 05:21PM
Workers and consumers say they’re likely to favor pro-LGBTQ businesses, new study says
A new report reveals companies that stay silent on LGBTQ issues could turn off their customers and employees. Story Published at: December 13, 2022 at 07:52PM
