BUSINESS
Fed minutes may factor in higher inflation pushing up rates
At the conclusion of the Dec. 13-14 meeting of the Federal Open Market Committee, policymakers published new projections showing they expected inflation would end 2023 higher than they previously thought.
BUSINESS
Tesla tumbles most since September 2020 on delivery miss
Tesla’s double-digit decline to $110.80 as of 10:28 a.m. in New York comes on the heels of a dismal 2022 for the stock.
BUSINESS
Apple’s slide topples last stock in $2 trillion club
Apple fell as much as 3.7% on Tuesday as concerns about iPhone supply in the important holiday quarter mount and investors lose faith in a reprieve from higher interest rates.
BUSINESS
Electronics show returns to realism after self-driving bubble bursts
Car companies and startups alike will show technologies they expect will provide a return on investment in the near-term, not in some hazy tomorrow that may never come.
WORLD
Blackstone’s BREIT gets $4 billion cash infusion from University of California
UC Investments will invest the $4 billion in the Class I common shares, the largest existing share class, according to a statement on Tuesday.
BUSINESS
Rules to oversee online betting drafted for the first time
The information technology ministry has published proposed rules governing apps or websites that involve an exchange of users’ money, from online casinos and card games to fantasy sports clubs.
BUSINESS
US speeds up timeline in China firms delisting threat
Congress on Friday passed legislation to speed up the timeline for kicking companies off the New York Stock Exchange and Nasdaq if Washington regulators can’t fully review their audit work papers.
BUSINESS
China’s economy ends year in slump as Covid infections surge
Official data over the weekend showed the decline in manufacturing worsened last month, while activity in the services sector plunged the most since February 2020.
BUSINESS
Samsung veteran sounds alarm on Korea losing a global chip war
Yang, who rose from a researcher’s assistant at the storied company before heading the key memory chip development division, is the lead architect of a nationwide effort to fund and galvanize its domestic chip industry.
WORLD
IMF chief Georgieva Warns of ‘tough year’ for world economy
The IMF already warned in October that more than a third of the global economy will contract and that there is a 25% chance of global GDP growing by less than 2% in 2023, which it defines as a global recession.
BUSINESS
Xi Jinping warns of tough Covid fight, acknowledges divisions in China
In a New Year’s address on Saturday, Xi said the country is in a new phase of Covid control and has adapted after following a science-based and targeted approach. The day before, he said the nation’s strategy had been “optimized” to protect people’s lives and minimize economic costs.
BUSINESS
Hearings on Google fine and same-sex marriage reach courts
Any decisions would set the tone ahead of several politically high-stakes matters that will test perceptions of the court’s independence. Chief Justice D.Y. Chandrachud took charge in November and his two-year tenure — the longest in the job by any judge in a decade — will see India go through general elections in 2024, when Modi seeks a third term.
ECONOMY
Xi warns of tough Covid fight, acknowledges divisions in China
Xi said the country is in a new phase of Covid control and has adapted after following a science-based and targeted approach. The day before, he said the nation’s strategy had been “optimized” to protect people’s lives and minimize economic costs
ECONOMY
World economy this week: US jobs report, Euro inflation, China slowdown in focus
On Monday, Israel is expected to deliver one of the world’s first rate moves of 2023, extending its longest cycle of monetary tightening in decades
ENVIRONMENT
What Happened When the Bay Area Rejected Growth
Activists, courts and local governments put an end to rampant sprawl in the Bay Area, but also made it nearly impossible to build the kind of dense in-fill development that would have been compatible with the new commitment to preserving open space, affordable for people with median-wage jobs.
TRENDS
Best non-fiction of 2022: Great books that will make you think
In a year when people seem extremely wedded to their opinions, great non-fiction still has the power to persuade.
WORLD
Xi says China in new phase of Covid fight, warns of challenges
“Following a science-based and targeted approach, we have adapted our Covid response in light of the evolving situation, to protect the life and health of the people to the greatest extent possible,” Xi said in his New Year’s speech Saturday.
WORLD
China’s economic activity at slowest since 2020 as Covid spreads
The official manufacturing purchasing managers index fell to 47 this month from November’s 48, the National Bureau of Statistics said Saturday.
TRENDS
Here’s the secret to truly packing light
If you pack for every eventuality, in a sense you’re signaling you don’t trust where you’re going. But depending on other people, meeting them and asking for help is the whole point of traveling.
WORLD
Donald Trump’s tax returns give first glimpse at data he fought to hide
The returns, which include his personal and business filings from 2015 to 2020, are the first complete look into Trump’s tax records for the years he was running for office and in the White House.
BUSINESS
Ten charts that show world economy’s turbulent course over 2022
The cost of living soared all over the world in 2022. Pandemic price pressures, dismissed as transitory, turned out to be enduring with Russia’s war in Ukraine causing a fresh spike in food and energy costs.
WORLD
China faces deluge of Covid deaths before the Lunar New Year
China suddenly ended its Covid Zero policy about a month ago, abandoning the strict testing and lockdown measures embraced by the world’s second-largest economy since the start of the pandemic almost three years ago.
ECONOMY
India exploring options for banks hit by EU oversight rule
The RBI and European Securities and Markets Authority are clashing over ESMA’s demand to join the RBI in overseeing Indian transactions
MARKETS
Nasdaq back from brink of worst December ever as Fed angst dims
The Nasdaq Composite Index rallied 2.6 percent on Thursday, recovering from a selloff that pushed the index down 11 percent for the month
