Dow posts best day of 2022 after still-hot inflation reading
The Dow’s 1,507-point intraday swing was its largest since March 2022 and sixth-largest swing over the last decade.
Investing
Cathie Wood warns against extreme fear of innovation
The famed stockpicker is doubling down on her favorite “disruptive innovation” stocks despite market drubbing.
Coming up in the markets
Netflix and Tesla Q3 earnings will report in the US next week.
Macro must improve for higher crypto market valuation
“Like any market, crypto and the digital asset ecosystem is positioned in a broad and complex economic context,” says Dixon.
Ultra-rich young Americans betting on crypto
Rich young Americans are willing to bet on crypto.
‘Worst is yet to come’: IMF cuts economic outlook
“For many people, 2023 will feel like a recession,” the organisation says.
Coinbase wins crypto licence in Singapore
The Nasdaq-listed company announced on Tuesday its Singapore unit had received in-principle approval from the Monetary Authority of Singapore to provide digital payment token services in the country.
‘Real danger’ of global recession intensifies, World Bank warns
Leaders of the World Bank and the International Monetary Fund warned of a growing risk of an economic slowdown next year.
US earnings season: It’s doom and gloom for the banks
Starting on Friday, the global banking industry will feel the sharp edge of tightening financial conditions.
Where does Australia sit in the race for global lithium mining domination?
Lithium-ion batteries are the dominant battery technology for electric vehicles.