Tech Stocks Head for Worst December Since 2002 as Fed Optimism … – Bloomberg

Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. This documentary-style series follows investigative journalists as they uncover the truth
Malaysia Landslide Death Toll Reaches 31 as Search Ends: Bernama
Five Arrested in Deadly Shooting At Minnesota’s Mall of America
Charting the Global Economy: BOJ Shocks; US Inflation Cools
ECB’s Schnabel Says Rates Need to Reach ‘Restrictive Territory’
Italy’s Lower House Approves Giorgia Meloni Budget Law
China Provinces Warn of Blood Shortage as Covid Infections Surge
Spending Scandal at Philippine Phone Giant Had Roots in Ambition
Chinese EV Maker Nio Launches New Models, Upgraded Battery Swaps
Musk Says Twitter to Allow Users to Turn Off View Count Feature
Sequoia-Backed Wave Takes on Telcos in Africa Mobile-Money War
Kari Lake’s Bid to Overturn Arizona Election Rejected by Judge
Kenya Ships Food Donation to South Sudan Amid Fighting
Russia’s Abramovich Gave Largest US Weed Company Millions
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers
Pelé’s Family Gathers At Hospital in Sao Paulo
Messi to Extend Contract With Paris St Germain, BBC Sport Says
Is the Golden Era of Humor in Advertising Over?
SECURE 2.0 Act Still Leaves Holes in US Retirement Plans
Trump’s Tax Returns, Meet Truth and Consequences
The Chatbots Are Coming for Google
Banks Open Data-Protection Vault to Other Financial Businesses
Drugmakers Are Testing Ways to Stop Alzheimer’s Before It Starts
Taliban Ban Women From Working for Domestic, Foreign NGOs
University of California Workers End Strike, Ratify Contract
Oil Passes Natural Gas as Main Fuel for Power Plants in New England
New England Grid Asks Members to Voluntarily Curtail Power Usage
Bring Back the Christmas Monorails
Building a Retirement Home for NYC Carriage Horses
These Are the Best Video Games for Wannabe Urban Planners
This Week in Crypto: Bankman-Fried In Court (Podcast)
Crypto Regulations and Politics: Year in Review (Podcast)
Sam Bankman-Fried’s Bahamas Jail Luxury: Cable, AC and a Toilet
and

Subscriber Benefit
Subscribe
Sign In
Technology stocks are headed for their worst December since the bursting of the dotcom bubble two decades ago as optimism about potential relief from Federal Reserve interest-rate hikes fades on signs of labor-market strength.
The Nasdaq 100 Index sank 2.5% Thursday after a report showed US jobless claims remained near historically low levels, underscoring that the Fed has plenty of reasons to keep tightening policy. Separate data showed a key inflation gauge was up slightly from the prior reading. 

source