Stocks Slip in First Session of the New Year

U.S. stock benchmarks edged lower to start the new year after investors closed out 2022 with punishing losses. 


 
Federal Reserve, FDIC and OCC Warn Banks About Cryptocurrency Risks

The bank regulators said holding cryptocurrencies is likely inconsistent with safe banking practices. 


 
Contraction in U.S. Factory Sector Deepened in December

The S&P Global U.S. manufacturing PMI decreased to 46.2 in December from 47.7 in November, marking the lowest reading since the onset of the Covid-19 pandemic. 


 
Construction spending rises by 0.2% in November

Construction spending rose 0.2% in November, the Commerce Department reported Tuesday 


 
German Inflation Drops to Four-Month Low as Energy Prices Fell

Germany's annual inflation rate fell more than expected, with the consumer price index rising by 8.6% in December, down from 10% in November and below the 8.8% rate economists expected. 


 
IRS Sees Crypto Companies as Potential Crime-Fighting Partners

A top official in the IRS's law-enforcement arm said the agency wants to build ties with the digital-assets sector 


 
Fintech Stocks Did Worse Than Fin or Tech in 2022

A vulnerability to higher interest rates and a reckoning over growth-at-all-costs playbooks contributed to many fintech firms' fall from grace. 


 
University of California to Invest $4 Billion in Blackstone's BREIT

The University of California is putting $4 billion into a Blackstone real-estate vehicle aimed at individual investors, providing crucial ballast for a fund that has been beset by a wave of redemptions. 


 
German Facility, Built at Breakneck Speed, Accepts LNG From U.S.

The shipment arrived at the import terminal for liquefied natural gas in the port town of Wilhelmshaven, a facility that was built in less than a year to help Germany avert an energy shortage. 


 
Ukraine Repels Russian Drone Attacks With Help From Western-Supplied Air Defenses

Kyiv is getting better at intercepting Iranian-made Shahed drones that Russia has relied on to damage Ukrainian infrastructure.


(END) Dow Jones Newswires

01-03-23 1915ET