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Crypto hackers set for record year after looting over $3 billion: Report

Hackers have become adept at exploiting weaknesses in the security, coding and structure of DeFi marketplaces

Joe Biden's 'slight' recession would mean economic pain for millions

Economic contractions -- even modest ones -- traditionally lead to markedly higher unemployment as companies slash their payrolls by millions of workers in response to lower demand

Bursting housing bubble of China will rock the economy for years to come

While many economists say China's crippling housing downturn won't get much worse and that the stimulus will kick in this year or next, the reality on the ground for sellers like Echo is much bleaker

US government to nearly double temporary visas for non-agricultural jobs

Twenty thousand of the H-2B visas will be granted to workers from the Central American countries of Honduras, El Salvador and Guatemala as well as Haiti

Unicorns become 'cockroaches' as tech funding dries up: Report

Global venture funding slumped to $74.5 billion in the past three months, its lowest level in nine quarters, according to CB Insights.

Global wealth set to contract by over 2% this year, says report

"Monetary tightening is squeezing economies and markets - household wealth will feel the pinch," Allianz said the report. "In real terms, households will lose a tenth of their wealth."

Fed officials commit to restrictive rates but calibration needed: Minutes

The minutes of the Sept. 20-21 meeting showed many Fed officials 'emphasized the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action'

India-UK free trade deal stuck on free access to skilled workers

Any failure to conclude a trade accord with Britain will be a missed opportunity for India, a nation upon which many economies are pinning their hopes amid intensified geopolitical struggles

Jefferies's Southeast Asia, India dealmaker Rao to leave, say sources

In Asia, Jefferies Financial Group Inc. has been expanding with the hiring of senior bankers

Meta wants you to work in virtual reality - here's what that's like

Meta Platforms Inc has made it clear that it wants to infiltrate the business world with virtual reality technology

US weighs next moves on arms supply to Ukraine in 'escalatory cycle'

Ukraine will push for still more advanced weaponry when the US convenes a meeting of the Ukraine Defense Contact Group in Brussels today to marshal new support for hardware and supplies

Singapore resurgence draws big money, bubble fears with high cost of living

Below the surface, things aren't quite so rosy. As the government mints new long-term visas to attract more high-paid talent, it faces a delicate balancing act to keep its people happy

'Hurricane' of risks threatens emerging countries, says G20 chair

Emerging and developing nations face a "hurricane" of risks from rising energy costs and food insecurity, and any resilience some countries may have won't last long, the G20 chair said

Intel plans thousands of job cuts to manage cost amid PC market slowdown

Intel will announced the layoffs as early as this month, with the company planning to make the move around the same time as its third-quarter earnings report on October 27

Credit Suisse faces US tax probe, Senate inquiry over accounts: Report

Credit Suisse's main banking unit pleaded guilty in 2014, admitting it helped thousands of Americans evade taxes. It paid $2.6 billion under that deal

JPMorgan CEO Jamie Dimon expects US recession in six to nine months

While the US economy is doing well at the moment, a number of indicators and global issues are ringing alarm bells: Dimon

US-China chip war wipes out $240 billion as stocks plunge; TSMC slips 8.3%

The Biden administration measures erect barriers of entry to China's market by limiting the ability of US firms to sell equipment and tech to their Chinese counterparts

Cathie Wood's ARKK on the verge of taking out its Covid-19 low

The year hasn't been kind to the ETF and growth-centered products as the Federal Reserve raises rates to knock down scorching levels of inflation

Israel and Lebanon reach 'historic' deal on gas fields, says report

Israel has said gas production from Karish in the eastern Mediterranean will enable it to increase exports, including to Europe.

Twitter ordered whistle-blower to destroy evidence, claims Elon Musk

Peiter Zatko, Twitter's ex-head of security, said he burned 10 handwritten notebooks and deleted 100 computer files at the behest of company managers as part of his separation agreement