Good afternoon.
Markets fall, Bitcoin slips below $17,000, and the stock market is having its worst year since 2008.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks fell to start the week on Monday.
Markets have taken a hit since the Fed last week signaled higher-for-longer interest rates, raising fears of a recession.
The stock market is wrapping up 2022 down 20%, its worst year since the 2008 financial crisis:
The crypto market fell on Monday, with Bitcoin trading near $16,500. Crypto prices are struggling to gain momentum following the collapse of exchange FTX.
Catch Up
Goldman Sachs plans to lay off as many as 4,000 employees, roughly 8% of its workforce.
FTX founder Sam Bankman-Fried has agreed to be extradited to the US. He faces up to 115 years in prison.
Twitter users voted for Elon Musk to step down as CEO of the company after he asked them to decide in a poll.