Here’s What Wall Street Is Saying About the Fed’s Rate Hike
For investors trying to gauge levels of hawkishness at the Federal Reserve, Wednesday was an example of words carrying more weight than actions.
Bloomberg Business
Chicago City Council Approves Bally Casino to Plug Pension Hole
(Bloomberg) — The Chicago City Council gave its final approval to build the city’s first casino, a project that’s been three decades in the making and will help Mayor Lori Lightfoot plug ballooning pension debt.
Sportswriter Grant Wahl Died of an Aortic Aneurysm. Here’s What It Is
American sportswriter Grant Wahl died of a heart condition called aortic aneurysm while he was covering the World Cup in Qatar, his wife confirmed on Tuesday.
Meme-Stock Influencers Charged in $114 Million Fraud Scheme
(Bloomberg) — Social media influencer @MrZackMorris and several others active in last year’s meme-stock frenzy were charged by federal prosecutors with engaging in a $114 million “pump and dump” scheme.
Biden to Meet Six African Leaders in Push for Free Elections
President Joe Biden will urge the leaders of six African nations facing elections in 2023 to ensure that balloting is free and fair.
Oil Rallies a Third Day as IEA Forecast Overrides Fed Warning
(Bloomberg) — Oil rallied for a third day to the highest level in more than a week, undaunted by the Federal Reserve’s determination to fight inflation with a sustained policy of rate hikes.
Iran Kicked Out of UN Women’s Body After Protest Crackdown
Iran was ejected from the main United Nations body tasked with promoting women’s rights, in response to the Islamic Republic’s deadly crackdown on nationwide protests that began after a 22-year-old woman died in police custody.
Chances for Year-End Tax Package in Congress Are Slipping Away
Chances are dimming that Congress will take up a multi-billion-dollar package to renew a cluster of business tax breaks and provide a more generous child tax credit before lawmakers leave Washington for the year.
Sam Bankman-Fried’s Harsh Bahamas Jail Could Shift His Stance on Extradition
The grim conditions FTX founder Sam Bankman-Fried is encountering in the Bahamas prison where he’s currently being held could change his attitude on extradition to face fraud charges in the US.
Pfizer to Sell Paxlovid in China as Covid Cases Surge
(Bloomberg) — Pfizer Inc. clinched an agreement to sell its antiviral medication Paxlovid in China through a state-owned company, making the drug available to battle surging Covid-19 cases.
