Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
Prognosis explores health, wellness, and the ways in which modern science is allowing us to live better – in both the long term, and day-to-day
Cost to Households of Bulb Energy Failure Surges to £6.5 Billion
City of London Gets Long-Awaited Insurer Reform, Surcharge Cut
UK Faces £133 Billion Bill From BOE QE, Wiping Out Last Decade of Income
Hunt Pushes Back UK Spending Cuts Until After Next General Election
Fed to Face Rising Tensions in Next Congress on Inflation and Jobs
EU’s Hottest Property Market Cools as 18% Key Rate Hits Lending
Ebola Vaccines to be Tested in Uganda Expected to Arrive Soon
Musk Risks Opening Door to New Twitter Rivals, Ex-Chairman Says
Alibaba Says Conversion to Primary Listing in Hong Kong Delayed
SpaceX Illegally Fired Workers for Criticizing Musk and Company Culture, Complaint Claims
Nancy Pelosi Says She’ll Step Down as Leader of House Democrats
Italy’s Meloni Is Ready to Present €30 Billion Budget to Cabinet
US Mortgage Rates Post Biggest Drop Since 1981, Falling to 6.61%
Mortgage Market Upheaval Spurs $17 Billion in Paper Losses for Banks
Why Bake? The Best Cakes for a Festive Dinner Are Available by Mail
Infantino Unopposed to Get 4 More Years as FIFA President
Hunt’s Fiscal Medicine Won’t Dispel UK’s Economic Pain
FTX Offers a Master Class in Crypto’s Flaws
Medicare’s Drug-Price Negotiations Can Get More Ambitious. Here’s How
Meta Confronts an Apple-Sized Hole in Its Once-Mighty Advertising Business
US Oil Refineries Find Paying Fines Can Be Cheaper Than Cleaning Up
Where European Energy Infrastructure Is Vulnerable to Attack
Poorest Britons Face Brutal Winter Despite Hunt’s New Policies
White & Case Settles ‘Toxic’ Culture Case With Senior Lawyer
Poland Partners With Volvo Owner Geely for First Locally-Made EV
Congo Calls for Compensation to Stop Oil Drilling in Peatlands
Survivors of Black Wall Street Massacre Challenge Tulsa’s Atonement Strategy
Key Hearing on Fate of NYC’s Rikers Island Set for Thursday
Brussels’ Plan for Car-Free Streets Hits a Few Bumps
Crypto Contagion Entangles More Customer Cash
Binance Evidence on FTX Collapse Unacceptable, UK Lawmakers Say
Matt Levine Weighs In on the Post-FTX Crypto Ecosystem
Rita Nazareth
Stocks sank before Friday’s jobs data amid concern that a deeper recession could be in store with the Federal Reserve expected to hold rates at a higher level for longer to tame inflation.
The S&P 500 saw its fourth straight decline, dragged down by big tech as Treasury yields climbed. Apple Inc. tumbled over 4% and Amazon.com Inc. suffered its longest slide since 2019. A key segment of the Treasury curve reached new extremes of inversion, touching a level not seen since the 1980s when the Fed was aggressively tightening. Curve inversions have a track record of preceding economic downturns.