Finance

A Santa Claus Rally is in doubt after the U.S. Federal Reserve decided to raise interest rates and economic recession looms.

The company, whose origins date back to 1957, has 90 satellites in orbit, counts 70 countries among its customers and employs 4,400 people, according to its website.

Investors got a second-day jolt with the economy slowing as prices and interest rates are expected to keep rising. The Federal Reserve hiked rates by 50 basis points on Wednesday.

Russian President Vladimir Putin accused the West of "robbery" operating under the guise of international sanction as penalties bite Moscow's economy.

Canada has revoked a temporary sanction waiver issued to allow repairs to the Nord Stream pipeline and said Putin showed no intention of getting the pipeline back up and running.

Investors, including Softbank, are buying Youtubers historic video rights to infuse the video streaming stars with cash to expand their video catalog.

Bahamian authorities on Monday arrested Sam Bankman-Fried, disgraced founder of the cryptocurrency exchange, FTX, after the US filed charges against him.

Sam Bankman-Fried, the disgraced founder of the failed crypto-exchange FTX, says he wants to start a new business to help his investors make back the money they lost in the crash.

Accounting issues that brought down major crypto firms like FTX and Celsius, exist in firms weathering the crypto contagion such as Marathon and Riot Blockchain.

As Western shipping and maritime services firms steer clear of Russian oil to avoid falling foul of sanctions or harming their reputations, new companies have leapt into the void.

Former FTX CEO Sam Bankman-Fried said on Sunday that he will testify before Congress when he's "finished learning and reviewing what happened."

Financial technology services companies received billions of dollars through taxpayer-funded PPP loan processing fees with little oversight of who was getting the loans, House lawmakers allege.

The CBO said it expects slower growth in 2023 and at least one quarter of negative growth due to higher rates, which it said would create larger budget deficits for the government.

Attention has turned to Commodity Futures Trading Commission Chairman Rostin Behnam amid the collapse of FTX as he prepares to face lawmakers Thursday.

Fidelity Charitable said that donations this year are on track to set a record. In 2021, it donated more than $10.3 billion in donor-recommended grants.

The Treasury Department announced new sanctions for human rights violations against a trio of Iranian officials involved in the regime's crackdown on protesters in predominantly Kurdish regions of the country.

The $4 million dollar fine from the SEC was for practices in 2017 and 2018 that left ESG undefined and at the discretion of Financial Advisors in ESG funds

A look inside the walls of the Bahamas' Albany Resort, where disgraced FTX founder Sam Bankman-Fried is holed up after the failure of his $32B crypto empire.

Another factor driving discussion around raising output: Two big OPEC members, Iraq and the United Arab Emirates, want to pump more oil, OPEC delegates said.

Dozens of the world’s leading investment firms, including Sequoia Capital, SoftBank Group Corp., and hedge funds Third Point and Tiger Global, showered Sam Bankman-Fried with money.