December 27, 2022 | Daily Business Review
Korea, Japan Reopening Stocks Gain on End of China's QuarantinePeople arriving in China as of Jan. 8 will no longer be quarantined, though they will still need to submit negative COVID-19 test results, health officials said.
By Youkyung Lee and Winnie Hsu
3 minute read
December 27, 2022 | Daily Business Review
Southwest Air Faces Gridlock With Flights Scrapped or LateDallas-based Southwest canceled almost 3,000 flights on Monday and had hundreds of others run late, disrupting more than 80% of its schedule as operational woes mushroomed in the wake of a massive storm.
By Leah Nylen
4 minute read
December 27, 2022 | Daily Business Review
Tech Stocks Fall as Yields Rise on China ReopeningInvestors are hoping for a year-end rally to help mitigate what has otherwise been a brutal run for risk assets.
By Stephen Kirkland
2 minute read
December 27, 2022 | Daily Business Review
Recession, Rate Hikes, Diversity: What's Ahead for Banks in 2023Odds are high for a recession next year as the Federal Reserve continues to boost borrowing costs in an effort to bring price pressures under control.
By Paige Smith
7 minute read
December 27, 2022 | Daily Business Review
US Judge Rejects Maduro Ally's Claim of Diplomatic ImmunityFor more than two years, almost since the time of his arrest in Africa on a U.S. warrant, Alex Saab has insisted he is a Venezuelan diplomat targeted for his work helping his adopted homeland circumvent American economic sanctions.
By Joshua Goodman
6 minute read
December 27, 2022 | Daily Business Review
Judge Won't Drop Charges for Former Gubernatorial CandidateFormer Tallahassee Mayor Andrew Gillum asserts that he was the victim of selective prosecution because he was a Black candidate for governor.
By Associated Press
2 minute read
December 27, 2022 | Daily Business Review
Goods-Trade Deficit Narrows to Smallest in Nearly 2 YearsWhile imports of consumer merchandise have fallen from a record earlier this year, they remain well higher than the pre-pandemic average.
By Ana Monteiro
2 minute read
December 27, 2022 | Daily Business Review
Chicago's Shaky Pension Funds Face New Hit From Looming DownturnLooking ahead, Chicago's pensions could take an even deeper hit in 2023 if the market rout continues to erode returns and the looming recession economists are warning of hurts the third most populous U.S. city's revenue.
By Shruti Date Singh
7 minute read
December 22, 2022 | Daily Business Review
New York's MTA Approves Budget With Anticipated 5.5% Fare HikeMetropolitan Transportation Authority officials have warned that without additional funding from New York state, the agency will have to consider larger fare increases, service reductions and layoffs.
By Michelle Kaske
5 minute read
December 22, 2022 | Daily Business Review
Elon Musk Is 'Not Suited' to Run Twitter, Investor SaysTo the extent that Elon Musk remains involved with Twitter, it should be with the underlying technology rather than as the "front-facing CEO," the head of Gerber Kawasaki Wealth Management said.
By Sean O'Kane
2 minute read
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