Massive layoffs and spending review for the Wall Street giant Cups in all major divisions expected, globally Asian wealth unit restructuring kicks off Wednesday layoffs NEW YORK/LONDON/HONG KONG, Jan 12 …
Goldman job cuts hit investment banking and global markets hard Read MoreJan 11 (Reuters) – Shares of Bed Bath & Beyond (BBBY.O) surged on Wednesday as individual investors crowded in, extending the stock’s rebound from the multi-decade lows hit last week …
Bed Bath & Beyond surges for third day of meme stock rally Read MoreChina reopens after COVID restrictions, oil demand expected to rise HSBC sees only one U.S. Fed interest rate hike U.S. crude stocks jump in surprise build, biggest since February 2021 …
Oil gains 3% on global economic optimism, despite surprise U.S. crude build Read MoreGlobal fuel demand will hit a record 102.2 million bpd in 2024 – EIA Fed governor says central bank will have to raise rates further Dollar nears seven-month low Crude …
Oil climbs slightly as oil demand is expected to hit a record high next year Read MoreSTOCKHOLM, Jan 10 (Reuters) – The Federal Reserve’s independence from political influence is key to its ability to fight inflation, but requires it to stay clear of issues like that …
Powell: Fed needs independence to fight inflation, should avoid social policy Read MoreNEW YORK, Jan 10 (Reuters) – U.S. banking giants are expected to report lower fourth-quarter profits this week as lenders hoard funds to prepare for an economic slowdown that hits …
US banks brace for lower profits and recession Read MoreJan 9 (Reuters) – Microsoft Corp (MSFT.O) is in talks to invest $10 billion in OpenAI, the owner of ChatGPT, which will value the San Francisco-based company at $29 billion, …
Microsoft in talks to invest $10 billion in ChatGPT owner -Semafor Read MoreTech stocks gain Macy’s and Lululemon drop holiday warnings Indices: Dow down 0.3%, S&P 500 down 0.1%, Nasdaq up 0.6% NEW YORK, Jan 9 (Reuters) – The S&P 500 Index …
S&P 500 nearly flat as investors weigh chances of less aggressive rate hikes Read More