Markets Now

Central banks to Wall Street: More pain is coming

Market euphoria in early June, spurred on by a pause in interest rate hikes by the Federal Reserve, is well behind us now. Central Bank leaders in the US and across the globe delivered a clear message to markets this week: We’re not done hiking.  
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Global markets slide as recession fears grip investors

Stock markets in Europe and Asia fell Friday as investors became increasingly worried that more interest rate hikes by central banks would tip major economies into a prolonged recession.  
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FDIC accidentally reveals details about Silicon Valley Bank's biggest customers

The Federal Deposit Insurance Corp. mistakenly revealed to Bloomberg News details on the biggest customers at Silicon Valley Bank, the failed bank whose depositors were rescued by through emergency action by regulators.  
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Starbucks workers at 150 stores go on strike over Pride decorations

Workers at some organized Starbucks stores in the US are striking beginning Friday because what it claims is the “hypocritical treatment of LGBTQIA+ workers” and not being allowed to put up Pride-themed decor in cafes.  
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Meat without slaughter: Here's everything you need to know about lab-grown meat

Soon, Americans are going to be able to try chicken that comes directly from chicken cells rather than, well, a chicken.  
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San Francisco mayor proposes tearing down Westfield Mall and other shuttered downtown retailers

San Francisco Mayor London Breed suggested remaking the city’s struggling downtown neighborhood by tearing down abandoned retail space. Breed argued that a shift to online shopping has contributing to declining foot traffic in the area.  
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Source: CNN Business