DHAKA, Bangladesh—Firefighters were working to get under control a massive fire that burned through a popular clothing market and spread to other small markets and buildings in Bangladesh’s capital Tuesday. No casualties have been reported so far. The fire started at Bangabazar Market in Dhaka at 6:10 a.m. and firefighters from 47 units were working…
US Jobless Aid Claims Fell Last Week as Layoffs Remain Low
Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool the economy and tamp down inflation. Applications for jobless claims in the United States for the week ending March 11 fell by 20,000–192,000 from 212,000 the previous week, the Labor Department said Thursday….
Oil Prices Fall 2 Percent in Choppy Trade as Banking Fears Rattle Markets
NEW YORK—Oil prices fell over 2 percent in volatile trading on Monday as the collapse of Silicon Valley Bank roiled equities markets and raised fears of a fresh financial crisis. Brent crude futures settled down $2.01, or 2.4 percent, to $80.77. The global benchmark earlier fell to a session low of $78.34, its lowest price…
Black Market Boom | The Dark Web Ep2 | Documentary
February 17, 2023
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This film is only available in North America and the UK because of territorial licensing. Drugs, guns, counterfeit documents, and much more are sold on dark web marketplaces that run on anonymous browsers and use cryptocurrency. AlphaBay was the biggest marketplace, transacting over $800,000 in a day. …
Yellen: ‘You Don’t Have a Recession’ When US Unemployment at 53-year Low
WASHINGTON—U.S. Treasury Secretary Janet Yellen on Monday said she saw a path for avoiding a U.S. recession, with inflation coming down significantly and the economy remaining strong, given the strength of the U.S. labor market. “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years,”…
Intel Slashes Employee, Exec Pay Amid PC Market Downturn
Intel Corp. said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast driven by a loss of market share to rivals and a PC market downturn. The reductions will range from 5 percent of base pay for mid-level employees to as…
Facebook Seeks to Block $3.7 Billion UK Mass Action Over Market Dominance
LONDON—Facebook on Monday asked a London tribunal to block a collective lawsuit valued at up to 3 billion pounds ($3.7 billion) over allegations the social media giant abused its dominant position to monetize users’ personal data. Meta Platforms Inc., the parent company of the Facebook group, is facing a mass action brought on behalf of…
Intel’s ‘Historic Collapse’ Erases $8 Billion From Market Value
Intel Corp. saw about $8 billion wiped off its market value on Friday after the U.S. chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market. The company predicted a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also…
GE HealthCare Rises 8 Percent in Market Debut, Eyes Small Deals
GE HealthCare Technologies Inc.’s shares rose as much as 8.4 percent in their Nasdaq debut on Wednesday and its chief executive said the company was looking to do small acquisitions to boost its cardiology and oncology operations in the long term. The company, which was spun off from conglomerate GE, had opened 3 percent lower…
Market Misery Deals Sovereign Wealth Funds Historic Setback in 2022: Study
LONDON—Heavy falls in stock and bond markets over the last year have cut the combined value of the world’s sovereign wealth and public pension funds for the first time ever—and to the tune of $2.2 trillion, an annual study of the sector has estimated. The report on state-owned investment vehicles by industry specialist Global SWF…
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