Swiss central bank posts biggest loss in its 116-year history
The central bank took a massive hit on its large pile of foreign currency holdings as the Swiss franc strengthened.
The central bank took a massive hit on its large pile of foreign currency holdings as the Swiss franc strengthened.
Airlines are scaling back perks for frequent flyers and big spenders as travel roars back.
Elon Musk and Tesla are set to face a jury in a shareholder class action that claims the CEO manipulated Tesla’s stock in 2018.
Nonfarm payrolls increased by 223,000 for the month, above the Dow Jones estimate for 200,000, while the unemployment rate fell to 3.5%.
Barry Silbert’s Genesis Trading reduced headcount by 30%, or 60 jobs, as the crypto lender fends off a potential bankruptcy filing after the collapse of FTX.
Policymakers expressed the importance of keeping restrictive policy in place while inflation holds unacceptably high.
Some Wall Street analysts think Tesla’s delivery numbers spell trouble for the electric vehicle maker. Others see a buying opportunity for the company in 2023.
Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
XBB.1.5 now represents about 41% of new cases nationwide in the U.S., according to CDC data.
DeFi crypto Solana has struggled in 2022, between outages and exposure to FTX, but will 2023 hold more of the same, or be a boon for the Ethereum competitor?