Philippines Says It’s Open to Tweaking FX Rules to Shield Peso
UK Retail Sales Weaker Than Expected in Living Cost Crisis
German Industry Hit With 8.5% Higher Wage Bill From Labor Deal
Hong Kong Growth Forecasts Slashed Into Next Year on China Slump
Joe Tsai’s Family Office Bets on Luxury Hotels in Property Push
Biden to Ask Supreme Court to Resume Student Debt Relief Plan
Musk Celebrates New Twitter Usage High as Engineers Flee Company
Alibaba Shares Surge With Buyback, Signs of Covid Easing
Musk’s ‘Hardcore’ Ultimatum Sparks Exodus, Leaving Twitter at Risk
Saudi Arabia’s Crown Prince Cancels Weekend Trip to Japan
Macron Warns Australia’s Nuclear Subs Deal ‘Will Not Deliver’
US Investors in Limbo as Portugal Weighs End of ‘Golden Visa’
Joe Tsai’s Family Office Bets on Luxury Hotels in Property Push
London’s Seven Best Spas Take Pampering to the Extreme
Yankees’ Aaron Judge Wins American League MVP in a Runaway Vote
The UK Budget’s Deadly Silence on Housing
The UK Could Use a World Cup Win — for the Economy
Meloni Must Avoid the Temptation of Telecom Italia Takeover
Why Europe’s €2.75 Trillion Renovation Wave Is Falling Flat
A Nation in the Crosshairs of Climate Change Is Ready to Get Rich on Oil
Meta Confronts an Apple-Sized Hole in Its Once-Mighty Advertising Business
Senate to Vote on Same-Sex Marriage Bill After Thanksgiving
Biden to Ask Supreme Court to Resume Student Debt Relief Plan
TotalEnergies Plans Oil Exploration Off South Africa West Coast
African Renewables Powerhouse Goes for ‘Ultimate’ Green Goal
How Civic Tech Got a Pandemic Upgrade
Survivors of Black Wall Street Massacre Challenge Tulsa’s Atonement Strategy
Key Hearing on Fate of NYC’s Rikers Island Set for Thursday
What FTX’s Bankman-Fried Said When We Asked Him About Red Flags
Sam Bankman-Fried’s Alameda Research Repaid Stimulus Money
Crypto Contagion Entangles More Customer Cash
Rita Nazareth
It was another down day for stocks, with Treasury yields climbing amid hawkish remarks from Federal Reserve officials and swaps pricing in a 5% peak policy rate in 2023. The pound wavered after Liz Truss resigned as UK prime minister.
The wariness around economic challenges has been so pronounced that it doesn’t take much to see the S&P 500 dropping at least 1% after posting a rally of the same magnitude earlier in the day. It happened again Thursday, with the gauge seeing intraday swings of that size in both directions for the 16th time in 2022 — the most for any year since the financial crisis.