Headlines: Friday 18 November 2022
– 30-year fixed mortgage rates see biggest drop in almost 40 years
– Estimated $183 bn wiped off crypto markets after FTX collapse
– Class action lawsuit filed against FTX founder and numerous celebrity promoters, including Tom Brady
– Mass resignations at Twitter,Elon Musk closes offices to workers
– Amazon starts mass layoffs with initial 10,000 in device and service departments
– St Louis court issues another block on Student Loan Forgiveness
– White House considers extending the student loan moratorium
– Annual pace of consumer price inflation (CPI) in the US was lower than expected in October
– Despite lowering inflation, St.Louis Fed president suggests bigger interest rate hikes
- Elizabeth Holmes, founder of failed Theranos, to be sentenced on fraud convictions Friday
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