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Crypto Companies Crash Into Bankruptcy

2022 has been a rough year for the crypto industry. The price of bitcoin has dropped 65% since the start of the year, the cryptocurrency Luna suffered a total collapse in value, and crypto exchange FTX went from buying Super Bowl ads to crash landing into bankruptcy.

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Global Markets Slip, Dollar Nurses Losses As U.S. Payrolls Loom

"Global markets have been hyperfocused on the Fed's pace of hikes," said Schneller. "We think the damage is not done yet. All the central bank liquidity that has gone in and out of the economic system has a 70% correlation to equity market returns and the liquidity drain will be hard to fight."

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Inflation May Be Peaking, but Doubts Emerge About Its Decline

With central banks ratcheting up their response to a global inflation shock, debate is shifting from when they'll win the war to whether faster rising prices are here to stay in a supply-constrained world. The risks of an emerging era of high-inflation have been sketched out by top central bankers, led to debate about whether current inflation targets...

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Global Banks Take Axe to Jobs As Cost Pressures Mount

Banks typically trim jobs towards the end of the year, but 2022 has seen a bigger wave of redundancies and layoffs. Barclays cut its workforce in corporate and investment banking by under 3%, a source told Reuters on Nov.8, weeks after reporting a 45% slump in merger advisory fees.

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