World

In this photo illustration, Bank of Japan (BOJ) logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images After the Bank of Japan surprisingly widened its target range for Japanese government bond yields, economists at Goldman Sachs said the central bank could belatedly …

Core Scientific’s 104 megawatt Bitcoin mining data center in Marble, North Carolina Carey McKelvey Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., is filing for Chapter 11 bankruptcy protection in Texas early Wednesday morning, according to a person familiar with the company’s finances. The …

Luke Sharrett | Bloomberg | Getty Images Dan Yergin predicts oil prices could hit $121 a barrel when China fully reopens, but warned there are three major uncertainties looming over the market. “Our base case for 2023 is $90 for Brent but you have to look at other cases,” the …

Sam Bankman-Fried, co-founder of FTX, is escorted out of the Magistrate’s Court in Nassau, Bahamas, on Monday, Dec. 19, 2022. Tristan Wheelock | Bloomberg | Getty Images FTX founder Sam Bankman-Fried signed extradition papers in the Bahamas and will return to the U.S. on Wednesday, a Bahamas prison official told …

An Amazon sign is displayed inside an Amazon fulfilment center on Nov. 23, 2022 in Rugeley, England. Nathan Stirk | Getty Images Amazon on Tuesday agreed to make some significant changes to its business in Europe as part of a settlement of antitrust investigations that could have resulted in a …

The Bank of Japan on Tuesday shocked global markets by widening the target range for its 10-year government bond yield. Kazuhiro Nogi | Afp | Getty Images Global markets were jolted overnight after the Bank of Japan unexpectedly widened its cap on 10-year Japanese government bond yields, sparking a sell-off …

Microsoft Corp co-founder Bill Gates delivers his speech at the National Assembly on August 16, 2022 in Seoul, South Korea. Pool | Getty Images News | Getty Images The idea of becoming a grandparent is emotional for Bill Gates to even write about. “I started looking at the world through …

Avatar: The Way of Water Courtesy: Disney Co. Shares of Disney dropped on Monday following a weaker-than-expected opening box office weekend for James Cameron’s “Avatar: The Way of Water.” Disney shares closed down more than 4% at $85.78, after hitting a 52-week low. The company has seen its stock fall …

Chinese technology stocks such as Alibaba and Tencent have been hammered in 2022 as regulatory pressure and a slowing Chinese economy weighed on growth. But investors are starting to feel slightly more optimistic toward Chinese tech giants in 2023. Jakub Porzycki | Nurphoto | Getty Images It’s been another rough …

Venture capital-backed companies only raised $369 billion for the first three quarters of 2022, according to Crunchbase data. A total of $679.4 billion was invested globally in 2021. Malte Mueller | Fstop | Getty Images Venture capital firms in Southeast Asia will probably be pickier next year, with valuations plunging …