News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
“I don’t think they’re going to be spooked by this,” said one strategist of the stock market’s correction. “They need to tighten financial conditions so they can have a better handle on inflation.”
What matters isn’t what the market does—but what you do in response
Brazil’s lenient laws regulating cryptocurrency helped fuel the rise of a bitcoin-based Ponzi scheme worth at least $7 billion.
An escalated conflict between Russia and Ukraine would likely further increase energy costs and commodities prices for many countries, keeping headline inflation rates elevated for longer, a top International Monetary Fund official said on Tuesday.
Among other moves, regulators are likely to press banks to prepare for the fallout from a warming planet by stepping up scrutiny of fossil fuel financing.
Bonus: There Is No CD Revival
Unless Maybe You are Adele