U.S. stock indexes finished sharply lower on Wednesday, with both the Dow Jones Industrial Average and the S&P 500 index booking their worst day in over a month.
Crypto: FTX admits to $415 million hack and ‘substantial shortfall’ of customer funds
FTX has disclosed for the first time a shortfall of customer funds on the FTX and FTX U.S. platforms, in a meeting with debtors on Tuesday.
Dow Jones Newswires: U.K. house seller confidence stabilized in December, sales rose
Measuring more than 120,000 consumer responses, the property sentiment index found around 64% of interviewed sellers were confident they would carry out a property transaction within the next three months, up slightly from 63% in November.
Dow Jones Newswires: Pearson full-year underlying sales rise 5%
The FTSE 100 education company UK:PSON said group underlying sales are expected to be 5% higher on year, with sales at its assessment-and-qualifications division–its largest business–up 8%, and up 24% at its English language learning division.
Dow Jones Newswires: Antofagasta sees costs and production rising in 2023
The London-listed copper miner forecast net cash costs of $1.65 a pound for 2023. This would be up from $1.61 a pound in 2022,
Dow Jones Newswires: U.K. inflation eased further in December as gasoline prices declined
U.K. consumer prices rose 10.5% on year in December, down from the 10.7% increase recorded in November, data from the Office for National Statistics showed Wednesday.
Dow Jones Newswires: Burberry same-store sales miss forecasts due to China COVID disruptions
Comparable store sales rose 1% compared with the third quarter of fiscal 2022, below market expectations of 2%, according to the company’s compiled consensus based on 14 different analysts’ estimates.
Brett Arends’s ROI: The most unpopular portfolio in America wins in 2022 — again
Plus Pariah Capital’s big bets for 2023
Dow Jones Newswires: EU passenger car registrations increased in December, but still contract overall in 2022
Only two of the region’s four major markets, Germany and Italy, posted growth, the European Automobile Manufacturers Association said.
Dow Jones Newswires: Just Eat Takeaway.com swings to profit, but sees orders fall
The company said it processed 239.8 million orders in the fourth quarter compared with 273.7 million orders for the same period a year earlier.