The House Committee on Oversight and Reform is dialing up the pressure on federal agencies and crypto exchanges to protect Americans from crypto fraudsters.Story Published at: August 30, 2022 at 06:54PM
Coinbase, FTX, Binance get inquiries as Congress looks to crack down on $1 billion crypto fraud
Fed’s Williams pushes back on market expectations of a rate cut next year
New York Fed President John Williams said he expects rates to continue higher and to remain at those levels until inflation is subdued.Story Published at: August 30, 2022 at 05:48PM
Exercise 2-4x more than the HHS recommends to achieve maximum benefit, says new study
Exercising beyond the timeframe recommended by the U.S. Department of Health and Human Services may help you live longer, according to a new study.Story Published at: August 30, 2022 at 03:45PM
UK inflation could top 22% as energy prices soar, Goldman Sachs warns
U.K. inflation could soar above 22% next year if energy prices continue their upward spiral, U.S. investment bank Goldman Sachs has warned.Story Published at: August 30, 2022 at 04:01PM
Sony sets up a PlayStation mobile gaming division in a major push beyond consoles
Sony has dominated console gaming for several years, thanks to the PlayStation. But the company is now looking to diversify into the lucrative mobile market.Story Published at: August 30, 2022 at 10:30AM
Bank of Korea warns of more market volatility ahead as Fed signals more rate hikes
Bank of Korea Governor Rhee Chang-yong says there’s a chance of increased volatility following more rate hikes from the Fed, according to a text message from the central bankStory Published at: August 30, 2022 at 08:30AM
UN says the global food crisis is about affordability, not availability
The war in Ukraine has “put a lot of fuel on an already burning fire” as food prices continue to rise, said Arif Husain at the U.N. World Food Programme.Story Published at: August 30, 2022 at 07:57AM
Global food crisis sees 150 million more women than men going hungry — and ‘it’s going to get worse’
As food insecurity becomes an increasingly global concern, a new report shows that of the 828 million people affected by hunger in 2021, two-thirds were women.Story Published at: August 30, 2022 at 06:27AM
Steve Hanke says we’re going to have one ‘whopper’ of a recession in 2023
“The problem we have is that the [Fed Chair Jerome Powell] does not understand … what the causes of inflation are and were,” said the Johns Hopkins professor.Story Published at: August 30, 2022 at 03:28AM
Worst is yet to come: Economist Stephen Roach says U.S. needs ‘miracle’ to avoid recession
Stephen Roach, known for serving as Morgan Stanley Asia Chairman, warns the Fed’s aggressive tightening policies haven’t kicked in yet.Story Published at: August 30, 2022 at 12:55AM