The Bank of England is preparing to further raise interest rates over concerns that inflation could become embedded in the British economy, despite the growing risks of a prolonged recession, its chief economist has warned. Huw Pill said there was “still more to do” to tackle soaring inflation after the …
Devamını Oku »The black hole in Britain’s public finances is a myth
The strictures of neoliberalism must be thrust aside and public money used for the public good, says Mary Mellor. Plus letters from Colin Hines, Kevin Donovan and Patricia Borlenghi Larry Elliott rightly sees the current panic about a “black hole” in public funding as demonstrating a fundamental misunderstanding of public economics (The UK economy is …
Devamını Oku »Sequoia Capital marks down its FTX investment to $0
Venture capital firm Sequoia Capital said it will mark down to zero its investment of over $210 million in cryptocurrency exchange FTX, as possibilities of bankruptcy loom. “In recent days, a liquidity crunch has created solvency risk for FTX,” Sequoia said in a note to investors posted on Twitter. “Based …
Devamını Oku »FINANCE Wall Street layoffs pick up steam as Citigroup and Barclays cut hundreds of workers
Global investment banks Citigroup and Barclays cut advisory and trading personnel this week as Wall Street grapples with sharp declines in revenue and dimming prospects for next year. New York-based Citigroup let go of roughly 50 trading personnel this week, according to people with knowledge of the moves who declined …
Devamını Oku »Stocks making the biggest moves premarket: Tesla, Meta, DR Horton and more
Check out the companies making headlines before the bell: Tesla (TSLA) – SEC filings show CEO Elon Musk sold nearly $4 billion in Tesla shares in the days following his purchase of Twitter. Tesla shares added 1.5% in the premarket. Meta Platforms (META) – The Facebook parent’s shares rallied 4.3% …
Devamını Oku »Lionel Messi takes stake in NFT fantasy soccer game Sorare
Soccer star Lionel Messi is joining Sorare, the French nonfungible token trading game, as an investor and brand ambassador. The Argentinian, who plays as a forward for French club Paris Saint-Germain, will help Sorare set new standards in how fans connect with clubs and players, the company said in a …
Devamını Oku »China’s Covid controls are hurting more of the economy
BEIJING — China’s Covid situation is only getting worse, preventing the country from stamping out the virus and relaxing controls. The daily case count surged to six-month highs over the weekend. Guangzhou indefinitely delayed its auto show that was supposed to kick off next week. And schools in Beijing are …
Devamını Oku »Meta laying off more than 11,000 employees: Read Zuckerberg’s letter announcing the cuts
Meta is laying off 13% of its staff, or more than 11,000 employees, CEO Mark Zuckerberg said in a letter to employees Wednesday. “Today I’m sharing some of the most difficult changes we’ve made in Meta’s history,” Zuckerberg said in the letter. “I’ve decided to reduce the size of our …
Devamını Oku »Elon Musk warns Twitter bankruptcy possible if cash burn doesn’t stop
Elon Musk, in his first address to Twitter Inc. employees since purchasing the company for $44 billion, said that bankruptcy was a possibility if it doesn’t start generating more cash, according to a person familiar with the matter. The warning came amid a tumultuous start to Musk’s reign at the …
Devamını Oku »How to Maintain Your Health?
Maintaining good health requires work, smart lifestyle choices, and periodic checkups. For the best results, eat a healthy diet rich in fiber, whole grains, and fresh fruits and vegetables. You should also limit your intake of processed foods and sugar. High levels of sugar are a key contributor to obesity, …
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