An electronic stock board inside the Kabuto One building in Tokyo, Japan, on Monday, Nov. 21, 2022. The world’s central banks must keep raising interest rates to fight soaring and pervasive inflation, even as the global economy sinks into a significant slowdown, the OECD said. Photographer: SeongJoon Cho/Bloomberg .
(Bloomberg Opinion) — The biggest question hovering over the battlefield in Ukraine for the first three or four months of this year is whether the Russian invaders or Ukraine’s defenders will launch a major, and likely premature, offensive. Both belligerents are under different kinds of pressure to do so. Militarily, Russia would probably benefit from … Read more
Signage inside Citigroup headquarters in New York, US, on Thursday, Aug. 4, 2022. Citigroup Inc. is planning a 500-person hiring spree over the next three years for a new wealth division catering to junior employees at private equity offices, consultancies and accounting firms, betting those clients will someday join the ranks of the ultra wealthy. … Read more
The investor who famously bet against the housing market ahead of the 2008 crash is known for his dire predictions. .
Stocks in Asia were headed for gains after US shares ended January on a high note as signs of cooling inflation encouraged risk appetite ahead of the Federal Reserve’s Wednesday meeting. .
Track the latest oil prices here. .
China’s largest search engine company plans to debut a ChatGPT-style application in March, initially embedding it into its main search services, said the person, asking to remain unidentified discussing private information. The tool, whose name hasn’t been decided, will allow users to get conversation-style search results much like OpenAI’s popular platform. .
The Bitcoin logo on a screen in Hong Kong, China, on Wednesday, Dec. 21, 2022. Cryptocurrencies have had a harsh 2022 after reaching record highs late last year, buffeted by everything from the Fed’s policy tightening to the implosions of the Terra/Luna ecosystem, hedge funds Three Arrows Capital and exchange FTX. Photographer: Paul Yeung/Bloomberg .
Track the global equity, currency & commodity markets here. .
Investors have been plowing back into bonds, drawn by elevated yields amid expectations that an economic slowdown will drive the Fed to stop its hikes. .