People shop at a grocery store on June 10, 2022 in New York City. Spencer Platt | Getty Images The average American household is spending $433 more a month to buy the same goods and services it did a year ago, according to a Moody’s Analytics analysis of October inflation …

Pedestrians walk past the NASDAQ MarketSite in New York’s Times Square. Eric Thayer | Reuters It seems like an eternity ago, but it’s just been a year. At this time in 2021, the Nasdaq Composite had just peaked, doubling since the early days of the pandemic. Rivian’s blockbuster IPO was …

The Sweetly Bakery & Cafe in Battleground, Washington Source: Irina Sirotkina It’s the holiday season, yet Americans are feeling a little less generous. With inflation near record highs, cash-strapped consumers have started to tip less — especially when it comes to fast casual dining and carryout. “Tipping is that first sign …

Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images Binance and other crypto firms are preparing takeover offers for beleaguered digital currency lender Voyager Digital …

Michael Nagle | Bloomberg | Getty Images Here are the most important news items that investors need to start their trading day: 1. Short day for stocks We hope you had a terrific Thanksgiving. If you’re scheduled to work today, please don’t work too hard. U.S. stock markets are knocking …

Check out the companies making headlines before the bell: Activision Blizzard (ATVI) – Activision Blizzard slid 3.3% in premarket trading after Politico reported the Federal Trade Commission is likely to sue to block Microsoft‘s $69 billion purchase of the videogame publisher. Tesla (TSLA) – Tesla said its Full Self Driving …

Kanye West at an event announcing a partnership with Adidas on June 28, 2016 in Hollywood, California. Getty Images Adidas said it is investigating accusations made by staff relating to the conduct of the musician Ye during his partnership with the German sportswear brand and the response of senior company …

New prime minister Anwar Ibrahim has pledged to make “Malaysia for all Malaysians,” fight corruption and reiterated that he won’t be taking a salary as Malaysians battle rising costs of living.  Anwar, who has campaigned for 24 years for the top job in Malaysia amid political coups and jail sentences, …

The U.K. government is looking to reduce migration, which could impact international students’ ability to study in Britain. LONDON — Foreign students wanting to study in Britain may be turned away unless they have secured a place at a “top university,” according to a report by The Times newspaper. Ministers …

Covid restrictions have tightened in Beijing while infections keep soaring, prompting lockdowns of communities. Jade Gao | Afp | Getty Images BEIJING — China’s capital city is grinding to a near standstill as Covid controls spread. More and more apartment compounds in Beijing on Friday forbade residents from leaving for …