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Photo illustration: Aïda Amer/Axios. Photos: Getty Images

The stories that defined US business in 2023

The US will avoid an all-out contraction in growth, the Congressional Budget Office projected. Last spring's collapse of Silicon Valley, Signature, and First Republic banks led to worries about the strength of the US regional banking system. It was the best of times for OpenAI CEO Sam Altman, and the worst of times for FTX founder Sam Bankman-Fried. Commemorating the year in business news feels especially fitting as many of the trends set in motion will have a huge impact on 2024.

— Axios

A look back at the top business stories of 2023

The world races to regulate A.I., ‘Barbenheimer’ dominates the box office, and regional bank failures set off a crisis. The collapse of Silicon Valley Bank, the conviction of Sam Bankman-Fried, the reassertion of union power, and the turmoil at OpenAI were just some of the big business stories in a year that was full of them. DealBook has chosen photographs of some of the biggest newsmakers, stories, and trends from 2023.

— The New York Times

Finance and the economy: Our 5 top stories from 2023

The past year has been turbulent for the global economy; as inflation, rising interest rates, tight labor markets, and geopolitical shocks have hit forecasts and caused uncertainty. Throughout the year, we've released forecasts from our chief economist community, held sessions on the global economy at our events, and published our weekly news round-up of economics, financial, and monetary systems.

— World Economic Forum

Businesses face escalating cyberattacks and stiffer security regulations heading into 2024. Photo: Getty Images

Think 2023 on steroids: Cybersecurity in the year ahead

Companies in 2023 saw rising cybersecurity threats, rising regulation, and rising costs for cyber insurance while dealing with tight budgets and a tighter labor market. The year ahead will bring no letup. Both geopolitical adversaries and common criminals will intensify strikes on US companies to steal information and disrupt business, government security officials say. Ransomware remains a significant threat, with new malware strains emerging as quickly as older ones fade. Serious attackers linked to China and Russia are exploiting bugs in the technology supply chain to get into corporate networks through a side door.

— The Wall Street Journal

Through the 2024 looking glass: Navigating advanced cybersecurity terrain

As we approach 2024, the evolving cybersecurity landscape will meet an intersection between innovation and vulnerabilities, and we will experience a significant leap in the sophistication of phishing techniques fueled by the advancement of artificial intelligence (AI). Simultaneously, last year’s surge of ransomware-as-a-service (RaaS) attacks will likely continue, making them more accessible and encouraging the widespread adoption of SBOMs to help uncover software vulnerabilities.

— Forbes

Three cyber security predictions for 2024

We live in a world where even physical devices and machinery can be connected to a network through Internet of Things (IoT) sensors. This level of connectivity has provided many benefits, but it has also opened up new potential points of entry for threat actors. Naturally, cybersecurity must adapt to, or better yet, stay ahead of, the changing technology landscape.

— Business News

The 100 must-read books of 2023

The fiction, nonfiction, and poetry that entertained and enlightened us.

— Time

Soft landing talk prompts 1990s flashbacks

Talk of a soft landing for the US economy has investors dreaming of a 1990s-style boom soon afterward. A lot would have to go right for that to happen, but it isn’t as outlandish as it sounds.

— The Wall Street Journal

Five things we learned about work in 2023

The world of work continued to evolve in 2023. Companies and workers got back to a semblance of normalcy, while also keeping the flexibility of the past few years. They also navigated a big technological leap with ChatGPT and benefitted from a resurgent labor movement.

— Bloomberg