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%.
Financial News
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.
Sam Bankman-Fried criminal charges unsealed: Conspiracy to defraud the U.S., wire fraud, securities fraud, and money laundering
Federal prosecutors accuse FTX co-founder Sam Bankman-Fried of widespread fraud and violating campaign finance laws, a new indictment says.
Trust between the West and Russia has been destroyed, NATO chief says
Russia continues to pound Ukraine’s energy infrastructure too with devastating consequences for civilians.
Billionaire investor Charlie Munger: ‘The world is not driven by greed, it’s driven by envy’
The 98-year-old billionaire says he’s ‘conquered envy.’ In the past, he’s said that’s a secret to a long and happy life.
Crypto.com CEO has history of red flags including bankruptcy and quick exits
Before Crypto.com, Kris Marszalek left behind a trail of personal bankruptcy, offshore payments, and a corporate collapse that separated users from their funds.
Brits told to rethink Christmas plans with strikes set to hit flights and train travel
The government has urged the public to rethink their travel plans if they are on an affected service.
Russia’s Ukraine onslaught shows zero signs of a winter lull as conflict rages
Russia and Ukraine are sending out smoke signals that there is no time — and no desire — for a cessation of hostilities.
Activist investor calls for BlackRock CEO Fink to step down over ESG ‘hypocrisy’
BlackRock CEO Larry Fink is facing calls to step down from activist investor Bluebell Capital over the company’s alleged “hypocrisy” in its ESG messaging.
Morgan Stanley cut about 2% of global staff on Tuesday, sources say
Morgan Stanley is following rival Goldman Sachs in reinstating a Wall Street ritual that had been put on hold during the pandemic: the annual cull.