In The News 12.15.22
The Fed hikes interest rates by 50 basis points. That’s .5% in normal speak. The current target rate is between 4.25% and 4.5%, the highest it has been in 15 years. Read more.
Social Media influencers are charged in a stock pump-and-dump scheme. The influencers made more than $100 million by convincing their followers to buy a stock, pushing demand and prices up, then selling the stocks. Watch out where you get your financial advice from. Read more.
First Amazon Data Center in the Middle East to be Launched in Oman. The Ministry of Transport, Communications and Information Technology signed a memorandum of understanding (MoU) on Wednesday with United States’ Amazon Web Services to launch a local zone for cloud services and local data processing in Oman. Read more.
University mergers in Kentucky. It is only a matter of time till we see more of this in higher education in Kentucky. Read more.