Why everyone thinks a recession is coming in 2023
Whether deep or shallow, long or short, the idea the economy is heading for a recession is pretty much the consensus view among economists.Â
Financial News
FTX founder Sam Bankman-Fried to be released on $250 million bail, will live with his parents
Former FTX CEO Sam Bankman-Fried will be released on $250 million bail, a federal judge said, as part of a deal between defense attorneys and prosecutors.
Zelenskyy to meet with Biden, address U.S. Congress on his first known wartime trip outside Ukraine
Ukrainian President Volodymyr Zelenskyy will meet with President Joe Biden at the White House and then address a joint session of Congress in the evening.
The EU agreed to limit gas prices, but some analysts are skeptical
The Netherlands and Austria continue to cite supply and financial concerns, while analysts say the EU could quickly ditch the cap when it needs more gas.
FTX founder Bankman-Fried sent back to Bahamas jail in day of courtroom chaos
Sam Bankman-Fried is returning to a Bahamian prison after demanding to see a copy of his federal indictment.
How Sam Bankman-Fried swindled $8 billion in customer money, according to federal prosecutors
Bankman-Fried’s swift fall from hero to villain of the crypto sector exposed a years-long fraud that traced back to FTX’s launch in 2019, according to authorities.
Binance’s native BNB token plunges to lowest since July as concerns mount about withdrawals, FTX ties
Crypto exchange giant Binance, the firm that would potentially bail out FTX, is facing its own questions now, and investors are selling out of its native coin.
Central banks around the world have now given the markets a clear message — tighter policy is here to stay
The U.S. Federal Reserve, European Central Bank, Bank of England and Swiss National Bank all raised interest rates by 50 basis points this week.
ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheet
The European Central Bank opted for a smaller rate hike at its Thursday meeting, taking its key rate from 1.5% to 2%.
Fed raises interest rates half a point to highest level in 15 years
The Federal Reserve raised its benchmark interest rate to the highest level in 15 years, indicating that the fight against inflation is not over yet.