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Semiconductor maker Micron announces 10% staff reduction, suspends bonuses
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Micron said it would hit its reduction target through voluntary departures as well as layoffs.

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ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheet
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The European Central Bank opted for a smaller rate hike at its Thursday meeting, taking its key rate from 1.5% to 2%.

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Microsoft, in FTC crosshairs, announces another acquisition
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UK announces major overhaul of its financial sector in attempt to spur growth
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The U.K. government is seeking to overhaul EU laws that “choke off growth.”

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Apple announces plans to encrypt iCloud backups
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Apple announced on Wednesday that it plans to encrypt additional iCloud data on its servers, including full backups, photos and notes.

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The FTX collapse continues to unfold, BlockFi announces bankruptcy filing and Kraken settles a sanctions breach: Hodler’s Digest, Nov. 27 – Dec. 3
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Iger announces first big moves in new tenure as Disney CEO: Restructuring and departure of Chapek right hand Kareem Daniel
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Iger’s decision marks the swift undoing of one of Chapek’s primary actions during his nearly three-year tenure as Disney CEO.

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UK finance minister announces tax hikes and spending cuts, says country is in recession
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The U.K. government on Thursday unveiled a sweeping fiscal plan aimed at plugging a gaping hole the public finances and restoring Britain’s economic credibility.

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Treasury Department announces new Series I bond rate of 6.89% for the next six months
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The Treasury Department on Tuesday announced Series I bonds will pay 6.89% annual interest through April 2023. Here’s what investors need to know.

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3 Things to Watch When Pfizer Announces Earnings
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Intel announces up to $10 billion in cost reductions through 2025
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Intel said that it intends to find cost reductions and efficiencies worth up to $10 billion through 2025. But guidance for the full fiscal year came up short.

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ECB hikes rates by 75 basis points and announces new terms for European banks
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The European Central Bank announced another 75-basis-point rate hike — its third consecutive increase this year — and new measures for European banks.

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