Tuesday’s top personal finance stories.
The Ratings Game: Uber, DoorDash and Lyft could see hundreds of thousands of new gig workers because of recession, analysts say
Bank of America analysts wrote Tuesday that gig companies could see an upside from a recession and higher unemployment: hundreds of thousands more gig workers.
: Here’s what China’s economy faces going into 2023
With COVID restrictions largely dismantled, analysts see numerous windows for growth. But the duration of China’s current virus explosion, and the fate of the beleaguered property sector, remain sources of troubling uncertainty.
TaxWatch: Brace yourself: Your tax refund could shrink in 2023. Here’s why.
A constantly changing tax code makes it hard for families to plan their financial lives, one expert says.
The Ratings Game: China is now a ‘reopening’ story for Starbucks, analysts say. Here’s what to watch for next.
As China emerges from almost three years of pandemic lockdowns, the coffee chain’s rebound could run up against an array of complications, BofA analysts said.
Mark Hulbert: How the Dow’s start to the new year affects the stock market’s 2023 return
Many reasons not to put too much weight on these first-days-of-January indicators.
Market Extra: ‘Recession is what everyone is betting on’: 2023’s first trading day fizzles
In the first trading day of the new year, U.S. financial markets were bogged down by the almost universal view that a recession is approaching.
: Amid criticism for its handling of another Alzheimer’s drug, FDA will decide this week whether to approve lecanemab
A damning new congressional report found the regulator didn’t follow the correct procedures when it approved Aduhelm in 2021
: Kevin McCarthy House speaker vote: Here are the 20 Republicans who defected
Democratic leader Hakeem Jeffries won a plurality of the votes in first two rounds but not the speakership.
Financial Crime: Sam Bankman-Fried pleads not guilty in multi-billion dollar FTX fraud case
The FTX founder has been under house arrest since being charged with allegedly looting billions in customer deposits.