November 15, 2022 | Daily Business Review
Fed Seen Sticking With Higher Peak Rate Despite Cooler InflationFederal Reserve officials remain resolute to continue their fight against inflation and not prematurely halt rate hikes in order to ensure a return to the 2% target, even as they acknowledge the economy could suffer pain and a possible recession.
By Steve Matthews and Sarina Yoo
4 minute read
November 15, 2022 | Daily Business Review
Producer Prices Cool by More Than Forecast on Heels of CPIAfter peaking in March at 11.7% on an annual basis, producer price growth has moderated amid improving supply chains, softer demand and a weakening in many commodities prices.
By Reade Pickert
3 minute read
November 15, 2022 | Daily Business Review
Trump Exec Says He Feared Firing If He Spoke Up About SchemeThe Trump Organization, the holding company for former President Donald Trump's various assets, including buildings, golf courses and hotels, is accused of helping some top executives avoid income taxes on compensation they got in addition to their salaries.
By Michael R. Sisak
5 minute read
November 15, 2022 | Daily Business Review
Board Fires Schools Chief After Parkland Massacre ReportBroward Schools Superintendent Vickie Cartwright has frequently been criticized for failing to fix a district culture that allowed waste and corruption.
By Associated Press
4 minute read
November 15, 2022 | Daily Business Review
FTX Wrangles a Million Creditors Amid Chaotic CollapseFTX and its trading arm, Alameda Research, plunged into bankruptcy after facing "a severe liquidity crisis," according to bankruptcy court filings.
By Jeremy Hill
3 minute read
November 15, 2022 | Daily Business Review
Insurance Pressures Continue After Hurricane NicoleCoreLogic, a property-information and analytics firm, released an early estimate that said Hurricane Nicole's privately insured losses will be around $750 million.
By Jim Saunders
5 minute read
November 14, 2022 | Daily Business Review
COP27 Deal Looks Distant as Loss and Damage Slows ProcessThe most contentious issue on the table is how developed nations should compensate developing countries for the climate-fueled extreme weather events they suffer despite not significantly contributing to greenhouse gas emissions.
By Laura Millan Lombrana, Jennifer A. Dlouhy and Antony Sguazzin
6 minute read
November 14, 2022 | Daily Business Review
Miami Heat's Arena Will Get New Name After FTX CollapseMiami-Dade County, which owns the arena and negotiated the naming rights deal, struck the agreement with FTX in March 2021.
By Tim Reynolds
2 minute read
November 14, 2022 | Daily Business Review
Bankman-Fried's Downfall Sends Shock Waves Through CryptoSam Bankman-Fried, who founded FTX in 2019 and was recently valued at $32 billion, attracted investments from the highest echelons of Silicon Valley.
By Ken Sweet
6 minute read
November 11, 2022 | Daily Business Review
Yellen Says Don't Read Too Much Into Cooling CPI DataThe Treasury chief has spoken in recent weeks about seeing signs that inflation would begin to slow, but emphasized that some sectors would continue to fuel steep price increases.
By Christopher Condon
3 minute read
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