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These three big unknowns will drive markets in 2023 | CNN

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN  —  We’re in the salad days of the New Year — that period where many […]

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US

Recession or soft landing? Five reasons to be cautiously

New York CNN  —  Last year was dominated by scary headlines about crushing inflation, super-sized interest rate hikes and mounting recession fears. It was a brutal period for the stock market, with roughly one-fifth of the value of the S&P 500 vanishing and the Nasdaq dropping by more than one-third. All three major US markets […]

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US

Incoming Kansas attorney general fined for 2020 Senate campaign

CNN  —  The Federal Election Commission has levied a $30,000 fine on incoming Kansas Attorney General Kris Kobach and a private border wall organization he was once affiliated with due to campaign finance violations committed during his unsuccessful 2020 Senate bid. In an agreement approved by the FEC last month, about a week after Kobach […]

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US

Fed watch 2023: When will rate hikes slow down | CNN Business

Minneapolis CNN  —  America’s central bank found itself in a glaring spotlight for much of this past year, as Federal Reserve Chairman Jerome Powell wielded blunt tools of interest rate hikes and quantitative tightening to curb surging inflation. As 2022 draws to a close, inflation metrics show some of that may have worked: Consumer prices […]

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Gaming

Microsoft tells judges its $69 billion Activision deal would

Microsoft Corp said on Thursday its $69 billion bid to buy “Call of Duty” maker Activision Blizzard would benefit gamers and gaming companies alike. Microsoft (MSFT) made the argument in a filing aimed at convincing a judge at the US Federal Trade Commission to allow the deal to proceed, after FTC commissioners said the merger […]

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US

What to expect from the Fed meeting | CNN Business

Washington, DC CNN  —  The Federal Reserve is expected to raise interest rates by half a point at the conclusion of its two-day policy meeting on Wednesday, an indication that the central bank is pulling back on its aggressive stance as signs begin to emerge that inflation may be easing. Although that increase would be […]

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US

FTX founder indicted on eight criminal charges including fraud

New York CNN  —  FTX founder Sam Bankman-Fried was indicted on eight criminal charges including wire fraud and conspiracy by misusing customer funds, according to an indictment from the US Attorney of the Southern District of New York. The 30-year-old Bankman-Fried was arrested at his home in the Bahamas on Monday and appeared in court […]

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US

How the Fed could do a smaller rate hike and still upset markets

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN  —  The Federal Reserve is expected to respond to persistently high inflation by hiking interest […]

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US

Why we think we’re in a recession when the data says otherwise |

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business  —  It seems like you can’t go anywhere these days without colliding headfirst into […]

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US

Is the worst over for bitcoin and the rest of crypto? | CNN

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business  —  The meltdown of FTX has sent the price of bitcoin and other cryptocurrencies tumbling more than 60% this year…and the carnage has spread to publicly traded companies with […]