$130 billion wiped off crypto markets in 24 hours as bitcoin, ether drop to multi-month lows
Bitcoin and ether are off more than 50% from their all-time highs and trading at their lowest levels since July.
Financial News
Cryptocurrencies tumble, with bitcoin falling 15% and ether down 20%
The price of bitcoin fell below $39,000 on Friday.
Markets are expected to remain on edge as the Fed meets in the week ahead
The Federal Reserve’s meeting trumps everything else for markets in the week ahead, as investors await any new clues on its plans to raise interest rates.
IMF chief says Fed rate hike could ‘throw cold water’ on global recovery
The IMF expects the global economic recovery to continue, Kristalina Georgieva said, but stressed that it was “losing some momentum.”
Antibiotic-resistant infections are a ‘major global health threat’ that’s killing millions, scientists say
A huge new global study found that drug-resistant bacterial infections played a part in almost 5 million deaths in 2019.
With Ukraine-Russia tensions so high, ‘staying silent is not a sensible option,’ Germany says
German Chancellor Olaf Scholz said “borders must not be moved by force” in Europe.
Goldman shares drop after earnings miss estimates on surging expenses, equities trading slowdown
Amid rising rates and slowing markets, how will CEO David Solomon navigate the next phase?
Credit Suisse needs to salvage reputation after chairman quits in latest scandal, analysts say
In the latest of a series of high-profile scandals, Credit Suisse Chairman Antonio Horta-Osorio has resigned after violating Covid-19 quarantine rules.
Wage inflation has arrived in a big way and Jamie Dimon says CEOs ‘shouldn’t be crybabies about it’
There is the risk that runaway inflation could actually wipe out the finance industry’s gains from higher interest rates, according to JPMorgan’s CFO.
JPMorgan shares pull back by 4% even after fourth-quarter profit tops estimates
Analysts have pointed to a lending rebound in the fourth quarter, driven by demand from corporations and credit card borrowers.