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For more than a decade after the Great Financial Crisis, central banks worldwide kept interest rates low in an effort to revive the economy. It was an era of cheap money that fueled risky investments in unprofitable tech stocks, dodgy cryptocurrencies, and backdoor IPOs known as SPACs. And when COVID hit and central banks doubled down on their loose monetary policies to prevent a global recession, it helped exacerbate a whole new problem: inflation.

Surging inflation this year smashed retirement savings accounts and left retirees battered by escalating prices from gas and food to monthly rent. The fallout from higher prices transformed the landscape for older Americans and those saving for their golden years, while a last-minute spending deal to avert a government shutdown included a handful of changes to the retirement system next year.

The automobile got a whole lot better in 2022. Electric vehicles traveled unprecedented miles on a single charge. Sports car performance reached a new pinnacle. Electric pickup trucks quested and conquered.

Living Nostradamus' warns Antichrist will return in 2023 to mark 'beginning of the end' Brazilian Athos Salomé, dubbed the 'Living Nostradamus' for his prophecies over the years including over Covid and the Ukraine invasion, has now warned that the Antichrist will return in 2023

Maguire has missed United’s first two games back after the World Cup due to a bout of illness but was named among the substitutes for Saturday’s trip to Molineux. With Lisandro Martinez also still absent, regular left-back Shaw was shifted inside to partner Raphael Varane in United’s last game and impressed in his new role in the 3-0 win against Nottingham Forest.

"Rashford could have sulked!’ – Morrison lauds Man Utd striker for his response after being benched for oversleeping Rashford has been in fine form for United but Erik ten Hag shocked fans when he announced that the England international would be on the bench for the New Year’s Eve clash against Wolves.

Kim Jong-un has vowed to increase the production of nuclear warheads “exponentially” and build a more powerful intercontinental ballistic missile, North Korean state media reported on Sunday, signalling deepening animosities with the United States, South Korea and others.

Ship hasn’t docked in a port since it cast off from Wellington in New Zealand on Boxing Day Hundreds of passengers stranded on a cruise ship off South Australia are hoping to set foot on dry land for the first time in seven days after the vessel was unable to dock at several ports due to a “marine growth” – reported to be a form of fungus – in the ship’s hull.

China "stands on the right side of history," the country's leader Xi Jinping said Saturday in a New Year's address that came as questions swirl over his government's handling of COVID-19 and economic and political challenges at home and abroad.

A man has died and another has been injured following an avalanche on the north face of Ben Nevis. Police Scotland said they were made aware of the avalanche at around 3.35pm on Friday. The Lochaber Mountain Rescue Team and a helicopter were dispatched to help two male climbers who were in the area at the time.

The sirens rang out minutes after the end of Volodymyr Zelenskyy's New Year address, in which he praised those who had fought for their country since the invasion on 24 February.

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BBC News Russia has launched dozens of missiles at cities across Ukraine, officials there say. Kyiv Mayor Vitaly Klischko said there had been several blasts in the city, causing damage and at least one death. The attacks happened two days after Russia carried out one of the largest air strikes since the start of the war. Ukraine President Volodymyr Zelensky had warned Russia could launch more attacks to make Ukrainians "celebrate the New Year in darkness". Several senior Ukrainian officials have alluded to the strikes in social media posts, saying that Russia would not succeed in ruining their celebrations. Mykolaiv Governor Vitaly Kim said on Facebook that Russian missile launches had been reported.

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Stocks are closing out 2022 with more losses, giving the S&P 500 its worst year since 2008. The benchmark index fell 10 points, or 0.3% to close at 3,840, leaving it down 19.4% for the year — its worst loss since the financial crisis 14 years ago. The Dow Jones Industrial Average fell 74 points, or 0.2%, to 33,147. The Nasdaq composite fell 0.1%, ending the year with an annual loss of 33%. The index has fared much worse this year because it is heavily made up of technology stocks that have been leading the broader market slump.