A consortium of the largest banks in the United States has offered a $30 billion lifeline to First Republic Bank, which is facing a crisis of investor and consumer confidence.
One of the biggest cryptocurrency exchanges in the world, FTX, has gone bankrupt. This has led to a false claim that its former CEO worked with Ukraine
When the economy slows down in the Eurozone, inflation rises by 10.7%. By the end of October, consumer prices had risen by more than 10% in most countries that use the euro.
A CEO of a big US company told me, "I really like Dan Loeb," as we talked about Loeb's latest activist move, which was to buy a $1 billion stake in Disney