GLOBAL ECONOMY

Accounting issues that brought down major crypto firms like FTX and Celsius, exist in firms weathering the crypto contagion such as Marathon and Riot Blockchain.

FDA fast tracks opioid reversing nasal spray, Narcan, for over-the-counter approval, hoping to combat the fentanyl crisis with this life saving medication.

The Inflation Reduction Act has riled European and Asian partners, who worry it violates principles of free trade agreed to under the World Trade Organization

The Food and Drug Administration relies on preliminary data to make the decision, but asks companies to conduct follow-up studies to confirm that the drug works.

Long lines have formed outside of Portland, Oregon's Shroom House, as patrons wait to buy psilocybin. Recreational psychedelic mushroom sales are still illegal, however.

President Biden on Friday signed bipartisan legislation approved by Congress to prevent a railroad strike that could have crippled the U.S. economy.

Russia used at-sea-transfers of grain to smuggle stolen grain out of Ukraine in the months since it's invasion. Russia also did this after annexing Crimea. RIF says it isn’t involved in grain theft

IMF head Kristalina Georgieva urges China to move past it's zero-COVID approach. She also said it's too early for Jerome Powell's Federal Reserve to lower rates.

China needs to "recalibrate" its zero-COVID approach if it wants to keep the world's second largest economy on track as the Yuan plummets and a recession looms warned an IMF official.

The price cap on Russian oil is set to begin in early December. Will replace a plan to completely ban the financing and insurance of Russian oil shipments

China is the world’s biggest trader and the top market for its Asian neighbors. Restrictions that hamper activity at Chinese ports can disrupt global trade.

Another factor driving discussion around raising output: Two big OPEC members, Iraq and the United Arab Emirates, want to pump more oil, OPEC delegates said.

FTX collapsed after a futile bid by Sam Bankman-Fried to raise emergency funds. It came under regulatory oversight through the dozens of licenses it picked up via its many acquisitions.

Before FTX went bankrupt, and CEO Sam Bankman-Fried lost his fortune, he moderated a panel with former President Bill Clinton calling for "do no harm" regulations on crypto.

FTX bankruptcy lawyers accuse former CEO Sam Bankman-Fried of complicating their case with "his incessant and disruptive tweeting."

The collapse of Sam Bankman-Fried's FTX has drawn attention to his efforts to influence regulations on the crypto industry and his past comments on the subject before his firm folded.

Chinese imports to the U.S. have fallen faster than total imports in recent months as political upheavals around the world force businesses to rethink traditional supply chains

Red-hot inflation has begun to peak in the United States, but Jeremy Hunt and the Bank of England face the United Kingdom's highest inflation since 1981.

The House Financial Services Committee will hold hearings on the collapse of cryptocurrency exchange FTX in December, lawmakers announced Wednesday.

To reduce price of electric cars, caused by supply-chain snarls, soaring demand, and inflation, EV makers are switching to lithium-iron-phosphate batteries.