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Daily Business Review

Russian Tycoon's Court Clash Over $850M to Test UK Sanctions

Boris Mints, the controversial Russian tycoon accused of stealing hundreds of millions from the private lender that he founded, is being chased through London's courts by the country's authorities.
2 minute read

Daily Business Review

Bankman-Fried Accused of Fraud by SEC After Bahamas Arrest

Sam Bankman-Fried misled investors, telling them that FTX had sophisticated risk controls and that their assets were secure, according to the U.S. Securities and Exchange Commission.
5 minute read

Daily Business Review

Experts Make Predictions for Asian Markets in 2023

One corner of the financial world in South Korea shows what can happen when banks, builders, investors and local governments get involved in a complex financing system that comes unstuck.
3 minute read

Daily Business Review

Dealmakers in Last-Minute $70B M&A Rush Before Holidays

Biotech giant Amgen is leading the flurry of transactions, saying it will buy Horizon Therapeutics for $28 billion to add drugs for rare disorders.
3 minute read

Daily Business Review

Elon Musk Steps Up Attacks on Twitter's Former Safety Head

When Elon Musk first purchased Twitter in late October, he expressed support for Yoel Roth before the executive resigned in November.
3 minute read

Daily Business Review

Federal Reserve's Message Clashes With 2023 Rate-Cut Bets

Federal Reserve Chair Jerome Powell has history on his side as he and colleagues split with Wall Street over how long interest rates will stay high in 2023.
6 minute read

Daily Business Review

UK to Consult on Central Bank Digital Currency in Coming Weeks

The Bank of England officials have become increasingly vocal about the need for so-called central bank digital currencies which would give consumers and businesses a form of money that's as safe as cash but usable in online transactions.
2 minute read

Daily Business Review

Coinbase to Waive Fees for Converting Tether Stablecoins to USDC

Coinbase sought to portray stablecoin USDC as a safer asset amid the turmoil unleashed by the collapse of crypto exchange FTX a month ago.
2 minute read

Daily Business Review

Retail Traders Lose $350 Billion in Brutal Year for Taking Risks

Individual investors have had an outsize influence on the market since the start of pandemic lockdowns.
4 minute read

Daily Business Review

Stocks Wobbly With Swaps Priced for Fed Downshift

Some of the world's biggest investors predict that stocks will see low double-digit gains next year, which would bring relief after global equities suffered their worst loss since 2008.
4 minute read

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