Credit tightening in the U.S. has raised concerns about the state of the economy and what could happen next.
Schlagwort-Archiv: CNBC
Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
Under pressure to improve Citigroup’s performance, the bank will announce layoffs starting Wednesday, CNBC has learned.
UBS boss Ermotti says ‚incredible‘ bond demand is ‚a signal to the Swiss banking system‘
UBS Group CEO Sergio Ermotti says the „incredible“ market demand for the bank’s recent issuance of AT1 bonds is a „signal to the Swiss banking system.“
China’s unfinished property projects are 20 times the size of Country Garden
The size of unfinished, pre-sold homes in China is about 20 times the size of developer Country Garden as of the end of 2022, Nomura analysts said.
China retail sales, industrial data grow faster than expected in October
China on Wednesday reported better-than-expected retail sales and industrial data for October, while the real estate drag worsened.
PGA Tour says it will offer players equity ownership after it seals deal with investors
The PGA Tour is in talks with Saudi Arabia’s Public Investment Fund to complete a framework aagreement they reached earlier this year.
Target shares jump after retailer posts a big earnings beat, even as sales fall again
Target is still catering to shoppers who are hungry for deals and aren’t buying much more than the necessities.
Siemens Energy clinches state guarantees as it posts a 4.6 billion euro annual loss
Siemens Energy has secured 7.5 billion euros in project-related state guarantees from the German government to safeguard the company’s order book.
Former St. Louis Fed president says the FOMC still has ‚a ways to go‘ on inflation
Former St. Louis Fed President Jim Bullard says the Federal Reserve still has „a ways to go“ in fighting inflation and that there is still a risk that prices pick up once again.
UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
UBS expects the U.S. Federal Reserve to cut interest rates by 275 basis points in 2024, almost four times the market consensus.