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Binance deploys $1 billion to keep crypto industry afloat after FTX collapse

Binance deploys $1 billion to keep crypto industry afloat after FTX collapse Binance said it may increase that amount to $2 billion at a point in time in the future "if the need arises."

CEO of $4.5 billion tech firm slams his peers over layoffs: ‘These are humans’

CEO of $4.5 billion tech firm slams his peers over layoffs: 'These are humans' The boss of European digital insurance startup Wefox decried how tech companies have laid off workers en masse.

Klarna CEO says firm was ‘lucky’ to cut jobs when it did, targets profitability in 2023

Klarna CEO says firm was 'lucky' to cut jobs when it did, targets profitability in 2023 After reducing headcount by about 10%, CEO Sebastian Siemiatkowski said Klarna will return to profitability on a monthly basis by summer 2023.

Fed’s Waller says he’s open to a half-point rate hike at December meeting

Fed's Waller says he's open to a half-point rate hike at December meeting The Fed governor said he's open to reducing the level of interest rate increases to half a percentage point in December.

Wholesale prices rose 0.2% in October, less than expected, as inflation eases

Wholesale prices rose 0.2% in October, less than expected, as inflation eases The producer price index was expected to show a monthly increase of 0.4% in October, according to Dow Jones estimates.

Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says

Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says Households increased debt during the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances.

The four-day workweek is new standard for 40% of companies, EY survey finds

The four-day workweek is new standard for 40% of companies, EY survey finds American companies are increasingly adopting a four-day workweek, an EY report found, as they move to expand real estate holdings and improve employee morale.

60% of Americans are living paycheck to paycheck heading into the peak shopping season

60% of Americans are living paycheck to paycheck heading into the peak shopping season The rising cost of living is straining household budgets just as the season of spending kicks into high gear.

Layoffs mount, and Main Street still can’t find any workers to hire for open jobs

Layoffs mount, and Main Street still can't find any workers to hire for open jobs Small businesses are still in hiring mode even as the economy slows, and are struggling to find workers. Wages alone won't fix Main Street's labor issue.

Elizabeth Holmes Has Been Sentenced To More Than 11 Years In Prison For Defrauding Theranos Investors

Elizabeth Holmes Has Been Sentenced To More Than 11 Years In Prison For Defrauding Theranos Investors “I tried to realize my dream too quickly and did too many things at the same time,” Holmes told the court through tears. “I regret my failings with every cell in my body.”

https://www.buzzfeednews.com/article/stefficao/raleigh-north-carolina-christmas-parade-truck-crash-victim

“They Just Couldn't Get Out Of The Way”: A Girl Was Struck And Killed By A Runaway Truck During A Christmas Parade Raleigh police have arrested the driver after his out-of-control pickup truck struck and killed a girl during a Christmas parade.

Qatar's towering influence over UK: World Cup host has snapped up stakes in everything from The Shard and Heathrow to Barclays and Sainsbury’s

How Qatar has snapped up stakes in everything from Harrods to Heathrow The Qatar Investment Authority has stakes in, several notable London properties including The Shard skyscraper (pictured).

Shares and pound bounce back as US inflation cools: Markets rally on hopes Federal Reserve will put the brakes on rate hikes

Shares and pound bounce back as US inflation cools As official figures showed US inflation dropped to 7.7% last month, the FTSE 100 index gained 1.1% while the FTSE 250 jumped 3.9%.

MARKET REPORT: Shares in British Gas-owner Centrica surge as it cashes in on sky high prices and launches a £250m share buyback scheme

MARKET REPORT: Centrica soars as higher energy prices fuel profits Centrica said it expects profits 'to be towards the top end' of expectations. The FTSE 100 giant also launched a £250m share buyback programme.

MARKET REPORT: Wetherspoons shares sink 6.2% as heatwave summer sales boom comes to an end and costs surge

MARKET REPORT: Wetherspoons slumps 6.2% as sales slow and costs surge As Britons basked in warmer weather, the FTSE 250 pub chain said sales in August and September were 1.5% higher than in the same period of 2019.

M&S suffers drop in first-half profits and warns of a 'material contraction' in shopper demand as inflation surges

M&S warns of 'material contraction' in shopper demand next year M& S also reiterated that it expects its full-year profit to fall short of last year's amid higher costs and pressure on household budgets.

Joules shares plunge another 25% as retailer reveals talks with founder over new cash injection amid poor sales

Joules reveals talks with founder about cash injection amid poor sales Joules told investors that founder Tom Joule was among a number of 'strategic investors' in discussions to provide a 'cornerstone investment'.

ALEX BRUMMER: Big changes in Washington will result in big changes on Wall Street
https://www.thisismoney.co.uk/money/comment/article-11399881/ALEX-BRUMMER-change-Wall-Street.html?ico=mol_desktop_moneymarkets-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Fmarkets%2Findex.html&_ga=2.89270299.1081663833.1667881829-297593139.1667120742

ALEX BRUMMER: Big changes in Washington will result in big changes on Wall Street

ALEX BRUMMER: All change on Wall Street On a visit last month to Texas, a family member picked up a garden poster for Beto O'Rourke, the Democrat running for governor of the state.

MARKET REPORT: Paddy Power and Betfair owner Flutter on a winning streak after settling US legal battle with Murdoch

Business | Daily Mail Online Your complete guide to personal finance and investing with news, predictions, advice, guides and opinion from the financial website of the year.

Don't kill capital projects: Big infrastructure offers the possibility of creating a better and more productive economy says, ALEX BRUMMER
https://www.thisismoney.co.uk/money/comment/article-11396337/ALEX-BRUMMER-Dont-kill-capital-projects.html?ico=mol_desktop_moneymarkets-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Fmarkets%2Findex.html&_ga=2.155970427.176113850.1667793022-297593139.1667120742

MIDAS SHARE TIPS: Spies of the seas can find profits hunting pirates - SRT Marine Systems is ideally placed to benefit and boost your portfolio
https://www.thisismoney.co.uk/money/investing/article-11393351/MIDAS-SHARE-TIPS-Spies-seas-profits-hunting-pirates-SRT.html?ico=mol_desktop_moneymarkets-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Fmarkets%2Findex.html&_ga=2.155970427.176113850.1667793022-297593139.1667120742

Fracking firms plan £1bn legal fight over ban after Government suddenly changed mind on shale gas extraction

https://www.thisismoney.co.uk/money/markets/article-11396335/Fracking-firms-plan-1bn-legal-fight-shale-gas-extraction-ban.html?ico=mol_desktop_moneymarkets-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Fmarkets%2Findex.html&_ga=2.155970427.176113850.1667793022-297593139.1667120742

Former Chancellor Kwasi Kwarteng's Budget fire sale has cost pensions £75bn, according to a report by a US investment bank

Kwasi Kwarteng's Budget fire sale has cost pensions £75bn The huge loss in value reflects the exposure many private sector pension funds have to liability-driven investment strategies.

Decade after watchdogs pledged to break stranglehold of Big Six, two men now supply a third of households with gas and electricity

Two men now supply a third of households with gas and electricity The expansion of Ovo and Octopus - run by billionaire Stephen Fitzpatrick and Greg Jackson respectively - has been rapid.

Next poised to swoop on Made as online firm hits the buffers: High Street fashion giant is the frontrunner to snap up the online furniture retailer

Next poised to swoop on Made as online firm hits the buffers Next, run by Lord Wolfson, is understood to have made a bid worth around £2m to take control of Made's website, customer database, branding and other intellectual property.

Forecasts that blight trust: No one expects Bank to massage projections, but we shouldn't underestimate harm of bleak forecasting, says ALEX BRUMMER

ALEX BRUMMER: Forecasts that blight trust from Bank of England Business investment in the UK at present is abysmal. And it is certainly not going to be helped by the governor spreading gloom.

MARKET REPORT: Mirror owner edges up as Montgomery plots buyout - tycoon says he is considering a bid through his group National World

MARKET REPORT: Mirror owner edges up as Montgomery plots buyout David Montgomery is a newspaper veteran who ran the Mirror Group in the 1990s following the death of Robert Maxwell.

Rolls-Royce shares slip despite rebound in demand for aircraft engines as concerns about the travel industry linger

Rolls-Royce shares slip as concerns about the travel industry linger The FTSE 100 engineer, whose customers include Airbus and Boeing, said flying hours of its large engines were at 65 per cent of pre-pandemic levels in the four months to the end of October.

MARKET REPORT: British tech firm RS Group sees its shares tumble as its American boss takes leave of absence

MARKET REPORT: British tech firm RS Group sees shares tumble RS Group , which was founded in 1937 and used to be called Electrocomponents, said its chief executive Lindsley Ruth has stepped back from his role with immediate effect.

BUSINESS CLOSE: BoE hikes base rate to 3%; Sainsbury's sales fall 8%; BT boosts cost savings target by £500m; Rolls-Royce weathers soaring costs

BUSINESS LIVE: Sainsbury's sales fall; BT boosts cost savings target The Bank of England has delivered a bumper rise, as expected by markets. The FTSE 100 closed up 0.6 per cent or 44.5 points to 7,188.6 this afternoon.

US Federal Reserve bumps base rate by another 0.75% but hints it may ease off on further hikes amid fears of an economic slowdown

US Federal Reserve bumps base rate by another 0.75% US Federal Reserve chairman Jerome Powell (pictured) said the final point at which rates settle might end up being higher than previously expected.

Hiscox posts solid growth in gross premiums as underwriter's global reinsurance and ILS arm tops $1bn

Insurance provider Hiscox sees solid growth in gross premiums The Lloyd's of London underwriter announced that its gross written premiums were up 9.3 per cent on a constant currency basis to $3.68billion in the first nine months of 2022.

MARKET REPORT: Shares in paper and packaging firms crumple as Smurfit Kappa warns of slowdown in demand over the summer

MARKET REPORT: Paper and packaging firms crumple on Smurfit slowdown Smurfit, which makes boxes and packaging for the likes of Unilever and Nestle, said volumes fell 3% in the three months to the end of September.

MARKET REPORT: Boost for landlords as shoppers flock back to London's West End but rising interest rates hit value of their estates

MARKET REPORT: London landlords boosted as shoppers return to West End Shaftesbury and Capital & Counties warned that the value of their estates had fallen as rising interest rates wreaked havoc on the property market.

Oil giants in £250bn profits boom: BP and Saudi Aramco latest to cash in on soaring energy prices

Oil giants in £250bn profits boom: BP and Aramco are latest to cash in As the oil industry cashes in from high oil and gas prices, BP and Saudi Aramco yesterday became the latest firms to post bumper earnings.

BUSINESS LIVE: Supply chain woes weigh on Aston Martin; GSK beats margin expectations; Next set for weaker sales this year

BUSINESS LIVE: Aston Martin; GSK beats expectations Among UK companies with reports and updates are Aston Martin, GSK, Next, Metro Bank, Wizz Air, Weir Group and Hiscox.

I am 66 and my pension fund has plunged, wiping out almost all gains over the past eight years - how can I recover my losses? Steve Webb replies

Help! My pension fund has plummeted just as I reach retirement age I stopped contributing as a result of moving to a new job in 2014, when the value was £22,507. In November 2021 it was around £35,000. In June it was around £25,000 and today its value is £23,089.

Wholesale gas prices have dropped from their summer peak: Will our energy bills start to fall before the price guarantee ends in April?

When will energy bills fall and how do gas prices affect them? We look at whether a fall in gas prices will start to be reflected in our monthly bills - or whether we are facing months of elevated prices once the price guarantee is lifted.

Home buyer mortgage approvals drop 10%, Bank of England says, as analysts warn high rates will lead demand to 'collapse' and house prices to fall

BoE reports buyer mortgage approvals have dived 10% as rates spike Capital Economics forecasts demand to collapse amid 'early-1990s' style recession while JLL says first-time buyer numbers could drop to half pre-financial crisis levels.