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Financial News Around the World

FTX has recovered $5 billion worth of ‘liquid’ assets, lawyers say

FTX lawyers said they had recovered $5 billion of assets, including cash and crypto, bringing customers closer to recovering from the exchange’s collapse.

Published 11 January 2023
Categorised as Finance News

‘Don’t wait until March’ to hire a tax pro, says advisor — 3 moves to make before the 2023 tax filing season opens

Tax season is almost here, and there are key things to know before the IRS begins accepting 2022 individual returns, experts say. 

Published 11 January 2023
Categorised as Finance News

Stocks making the biggest moves premarket: CarMax, Salesforce, Coinbase and more

These are the stocks posting the largest moves in early morning trading.

Published 11 January 2023
Categorised as Finance News

South Korea shares eye-opening Covid statistics to defend its new rules for travelers from China

South Korea hit back at claims its Covid rules for Chinese travelers are “discriminatory,” saying more than half of its imported cases are coming from China.

Published 11 January 2023
Categorised as Finance News

World Bank makes big cut to its 2023 growth outlook, says globe is ‘perilously close’ to recession

The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions.

Published 11 January 2023
Categorised as Finance News

Winter of ‘disconnect’: Morgan Stanley’s Mike Wilson braces for more than 20% stock drop

Morgan Stanley chief investment officer Mike Wilson warns investors are dangerously unprepared for a weak earnings season.

Published 11 January 2023
Categorised as Finance News

Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market

It’s the latest, and perhaps most significant, strategic shift that CEO Charlie Scharf has undertaken since joining Wells Fargo in late 2019.

Published 10 January 2023
Categorised as Finance News

FTX’s venture backers included Patriots owner Robert Kraft and billionaire Paul Tudor Jones, new filings show

FTX’s roster of big-name backers included Paul Tudor Jones and Robert Kraft as well as Tom Brady and Gisele Bündchen.

Published 10 January 2023
Categorised as Finance News

House Republicans vote to strip IRS funding, following pledge to repeal nearly $80 billion approved by Congress

House Republicans on Monday night voted to slash funding for the IRS, following a pledge to repeal the nearly $80 billion approved by Congress last year. 

Published 10 January 2023
Categorised as Finance News

Stocks making the biggest moves midday: Bed Bath & Beyond, Coinbase, Virgin Orbit and more

These are the stocks posting the largest moves midday.

Published 10 January 2023
Categorised as Finance News

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