A parcel of economic data awaits Wall Street this week as investors inch closer to the Federal Reserve’s final rate-setting meeting this year.
Mohammed bin Salman could invest $500 million to back CS First Boston and CEO-designate Michael Klein.
The U.S. House Financial Services Committee plans to hold a hearing in December to investigate the collapse of FTX and expects to hear from the companies and individuals involved, including founder and CEO Bankman-Fried. Committee Chair Maxine Waters last week invited Bankman-Fried to participate in the panel's hearing on Dec. 13. "Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain," the founder and former FTX CEO wrote in a reply to Waters.
Plus: What happens when you go from bitcoin-only to … not? Crypto Long & Short is CoinDesk's weekly newsletter featuring insights, news and analysis for the professional investor.
Here are answers to 10 frequently asked Social Security questions, including when to file, how much you’ll get, and whether the program is in trouble.
(Bloomberg) -- Chinese equities rallied and the yuan strengthened past a key level, as the authorities accelerated a shift toward reopening the economy and more investors turned bullish. Most Read from BloombergChina’s Covid Pivot Accelerates as Cities Ease Testing RulesOPEC+ Pauses as Russia Sanctions and China Covid Rules Roil Crude MarketsOPEC+ Latest: Group Agrees to Keep Oil Production UnchangedElon Musk Says Apple Is ‘Fully’ Advertising on Twitter AgainThis Stock Strategist Says We’ll See
The latest data suggest inflation isn’t spiraling uncontrollably, even if it remains high. It raises the question of why monetary policy should stick to an arbitrary 2% target.
(Bloomberg) -- The greenback fell versus most of its major counterparts and Asian equities rose as traders bet on further reopening of the Chinese economy from Covid restrictions.Most Read from BloombergChina’s Covid Pivot Accelerates as Cities Ease Testing RulesOPEC+ Pauses as Russia Sanctions and China Covid Rules Roil Crude MarketsOPEC+ Latest: Group Agrees to Keep Oil Production UnchangedElon Musk Says Apple Is ‘Fully’ Advertising on Twitter AgainThis Stock Strategist Says We’ll See 5% Infla
MILAN (Reuters) -UniCredit will reassess the remuneration of CEO Andrea Orcel ahead of its 2023 general meeting to see if the results achieved by Italy's second-biggest bank in 2021-2022 warrant an increase, a document on its website showed. UniCredit Chairman Pier Carlo Padoan said in an emailed comment late on Friday that the bank's remuneration committee would make a recommendation to the board on the CEO's pay "incorporating views of investors and wider stakeholders," adding the CEO himself had not asked for a raise. UniCredit's latest remuneration report noted that the CEO's current pay structure and a regulatory ceiling - that caps variable pay at twice the fixed amount - prevented the bank from rewarding over-performance when targets were exceeded.
“There’s a very open and shut case for fraud,” said Armstrong, adding it’s “bizarrre” the media isn’t calling Bankman-Fried a “criminal.”
Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe customers of the Winklevoss twins' crypto exchange Gemini $900 million, the Financial Times reported on Saturday.
EV chip play Allegro Microsystems and CubeSmart will join the S&P MidCap 400, along with some S&P 600 moves. ALGM stock is set to break out.
Interest rate decisions in Australia and India are the main set-piece events in Asia this week for investors, while China's Politburo holds its first meeting to discuss the policies that will set Beijing's economic direction over the coming year. Investors go into the week with a 'risk on' bias, sustained by markets' dovish interpretation of Fed Chair Jerome Powell's speech on the U.S. economic outlook and the solid U.S. employment report for November the week before. If U.S. financial conditions continue to ease and implied market volatility remains well-anchored, bulls will stay on the front foot.
Not having to make small talk at one's desk or go to "happy hours" when you just want to get home is a major reason more and more people are opting for remote work. The number of remote workers feeling "not connected" to their colleagues is, counterintuitevely to what some CEOs will argue, lower for remote workers than it is for those coming in to a physical office. In November, a Paris court determined that a consulting firm was incorrect in firing a man who refused to participate in them.
Ghana will launch a domestic debt exchange on Monday, its Finance Minister Ken Ofori-Atta said, expressing confidence that the move would help restore macroeconomic stability and end the West African country's worst economic crisis in a generation. Ofori-Atta said in a video address on Sunday that Ghana's government had finished its debt sustainability analysis, but he did not provide any information on plans for foreign debt that are anxiously awaited by international creditors.
Whether the world’s biggest crude exporter succeeds in skirting new harsh sanctions starting Monday depends on a non-Western aligned fleet.
We looked at the performance of all sorts of fixed-income securities over the past 50 years. Here’s what we found.
Apple has hastened plans to move part of its production out of China, home to the world’s largest iPhone factory, according to a The Wall Street Journal report citing anonymous sources.
Sellers hit Costco stock ahead of its quarterly report after the company posted another slowdown in monthly revenue.
Brian Armstrong says only the “most gullible person” would believe an $8 billion hole was due to lackluster accounting.