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Monthly Archives: December 2022

What’s in the historic Inflation Reduction Act

U.S. President Joe Biden holds out his pen to U.S. Senator Joe Manchin (D-WV) as Senate Majority Leader Chuck Schumer (D-NY) and U.S. House Majority Whip James Clyburn (D-SC) look on after Biden signed “The Inflation Reduction Act of 2022” into law during a ceremony in the State Dining Room …

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Shaw Communications, Li Auto, Southwest and others

Check out the companies making headlines before the bell: Shaw Communications (SJR) – Canada’s Competition Tribunal dismissed an attempt by the country’s competition watchdog to block the $26 billion acquisition of the telecom company by rival Rogers Communications (RCI). Shaw surged 10.1% in the premarket, while Rogers gained 0.4%. Li …

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Bahamas regulator seized $3.5 billion of FTX crypto assets

The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images The Securities Commission of The Bahamas says it seized $3.5 billion worth of cryptocurrency from collapsed crypto exchange FTX. In a media release late Wednesday, the watchdog confirmed the total sum taken from FTX’s Bahamian subsidiary, …

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The Fed won’t be what drives markets in 2023, wealth manager says

The Federal Reserve played a major role in moving markets in 2022, driving a campaign of monetary tightening as it tried to combat inflation that hit multi-decade highs. Many who had money in stocks and even bonds suffered, as liquidity was sucked out of the market with every rate hike …

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Precious metal platinum set for best quarter since 2008 on supply concerns

The price of platinum has soared as high demand meets low supply. Tomohiro Ohsumi | Bloomberg | Getty Images The price of platinum is up over 20% since late September, and the metal is set to experience its best quarter since 2009. Platinum rose another 5% Thursday to trade at …

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Protests, weapons for Russia and the nuclear deal

What lies ahead for Iran and its overseas activities will have significant consequences not only for millions of Iranians but also for Ukraine, Russia, much of the Middle East, and the foreign policy of Western governments. Reuters | Wana News Agency Iranian President Ebrahim Raisi greets Russian President Vladimir Putin …

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Risk of a dangerous new Covid variant in China is ‘quite low,’ U.S. health expert says

Pictured here on Dec. 28, 2022, is gymnasium-turned-fever clinic in Fuzhou, Fujian province. Wang Dongming | China News Service | Getty Images BEIJING — It’s unlikely that a dangerous new Covid-19 variant is spreading in China, said Dr. Chris Murray, Seattle-based director of a health research center at the University …

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Singapore’s VC scene looks set for a ‘pretty decent’ 2023: SGInnovate

Singapore’s tech start-up scene has grown in recent years, and the city-state ranked seventh in the latest Global Innovation Index 2022. Ore Huiying | Bloomberg | Getty Images Global venture dollars may have dropped in 2022, but Singapore’s government-owned tech investment firm is optimistic about 2023. “2023 is probably going …

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Startups find better access to talent as top tech companies cut jobs

10’000 Hours | Digitalvision | Getty Images When Briana Bell was looking to switch jobs this year after stints at Salesforce and Snap, her approach to the market had changed from prior years. With layoffs hammering the tech industry for the first time in well over a decade and hiring …

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Here’s what to know about your 2023 Medicare costs

bymuratdeniz | E+ | Getty Images For retirees, a new year means adjusting to changes in a variety of Medicare costs, including premiums, deductibles and copays. For 2023, some of those costs will be higher than they were this year, while others are going down. Although each change doesn’t necessarily …

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