Some of the world's largest banks have been forced to take big writedowns on debt-fueled mergers and acquisitions.
Strategists are struggling to figure out how the two trends will impact the direction of the Federal Reserve.
Economists are cautioning that ultra-low interest rates and rapid Chinese growth are things of the past.
They all spoke after two key data releases suggested the Fed's efforts at taming inflation were working.
On average, actively managed stock mutual funds lost 19% in 2022.
Rapid interest-rate increases have dramatically changed the backdrop.
Natural gas supplies plunged as wells froze and pipelines failed.
The banking industry has been able to push through scandals and thrive anew.
FTX co-founder Sam Bankman-Fried is facing an eight-count indictment in New York.
Reports of high-end watch robberies, many of them violent, are soaring in cities around the world.
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