Netflix, Warner Bros. Discovery and other big entertainment companies tumbled in 2022 as streaming services struggled amid rising inflation.
The highest inflation in four decades is hitting consumers right in their wallets.
European prices for natural gas rose to 17 times their prewar levels after Russia choked off most supplies over the war. Global oil prices spiked as Western buyers shunned Moscow's crude, sending Brent to over $120 per barrel in May. Record wheat prices spurred disastrous food inflation in poor countries.
The world's second-largest economy shrank by 2.6% in the three months ending in June compared with the previous quarter after Shanghai and other industrial centers shut down to fight outbreaks. Forecasters say annual growth might fall below 3%, among the lowest in decades.
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Pain, few gains for investors as markets slumped in 2022From streaming wars to Tesla and the financial impact of the Ukraine war, here's a look back on the key events in markets for 2022.
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Les mer »
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