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This QuickTake adaptation of our award-winning podcast, The Pay Check, focuses on the racial wealth gap.
Airbus Sees Asia Demand for Big Jets Leading Post-Covid Recovery
Asian Property Debt Woes Worsen as Indonesia Shows More Distress
Global Supply Chains Set for Overhaul Next Year, HSBC Poll Shows
South Korea’s Deadly Crowd Crush Threatens to Weigh on Fragile Economy
Chicago Fed’s Evans Says It’s Time to Slow Pace of Rate Hikes
Medibank Hack Could Cost A$700 Million in Compensation, Fixes
Rakuten Is Said Cutting Mobile Unit Headcount to Woo Investors
Tesla Official Afshar Turns Up at SpaceX in New Starship Role
Apple Limits iPhone File-Sharing Tool Used for Protests in China
Rakuten Is Said Cutting Mobile Unit Headcount to Woo Investors
Russia Embassy in Indonesia Confirms Putin Won’t Attend G-20
Pelosi Attack Suspect David DePape Indicted by US Grand Jury
Private Equity CEO Probed for Allegedly Setting Fishing Boat Afloat
Mortgage Fund in Canada Halts Payouts Amid Liquidity Crunch
Paul Allen Art Auction Totals an Historic $1.5 Billion
Allen Auction Tops $1 Billion, Freud Sets Own $86 Million Record
Why Australia Is Gearing Up for Possible War With China
Democrats Can Exhale and DeSantis Can Exult
Markets’ Magical Thinking on China Has Extended to the BOJ
Binance’s Thumping of FTX Shows How Centralized Crypto Can Be
Peter Thiel’s Strategy of Pushing the GOP Right Is Just Getting Started
Big Tech Braces for GOP Investigations Over Censorship
BHP Chair Apologizes for Sexual Harassment and Racism at Miner
Latina Republicans Aiming for ‘Squad’ of Their Own Fall Short
African G20 Seat to Help Push Rich Nations on Climate Pledges
Brookfield Sees Investors Joining $13 Billion Origin Green Push
Denver Set to Reject Anti-Eviction Measure, Bucking National Trend
The Biggest Wins and Losses for Ballot Measures
Bedrock, USA: Why School Boards Had the Toughest Political Races
JPMorgan Team Says Crypto Markets Face ‘Cascade’ of Margin Calls
Crypto Prime Broker Urges Clients to Cash Out FTX Positions
Crypto.com to Publish Audited Proof of Reserves, CEO Says
Stephen Kirkland and
Emily Graffeo
US stocks rose for a third day as investors awaited midterm election results and monitored the selloff in crypto tokens that wiped out more than 10% from the price of Bitcoin. The dollar fell with Treasury yields.
The S&P 500 closed higher, after earlier wiping out gains that had topped 1%. Sentiment was dented after Bitcoin plunged as the owner of the largest crypto exchange swooped in to buy a smaller rival that ran into liquidity trouble. The yield on two-year Treasuries, more sensitive to Federal Reserve policy changes, shed 6 basis points, while a gauge of the dollar dropped for a third day.