Elon Musk’s drastic decision to lay off half of Twitter’s workforce on Friday was driven by the company’s dire finances — with the now-private company on track to lose $700 million in Read more
Tag: Barclays PLC
Barclays profit and income beat forecasts
Barclays PLC said Wednesday that its third-quarter pretax profit and total income rose ahead of market views, and that it achieved income growth in all three of its businesses. The Read more
Hot U.S. inflation is boosting market expectations for a 5% or higher fed-funds rate in a matter of months
With inflation showing no signs of letting up, expectations are building in financial markets for a 5% fed-funds rate by March that’s likely to bring more volatility across equities, bonds Read more
Big banks to pay nearly $2 billion for ‘widespread and longstanding failures’ in keeping text-message records
Nearly a dozen financial institutions agreed to pay more than $1.8 billion collectively for failing to properly collect employees’ text messages for their records, the Securities and Exchange Commission and Read more
‘Inflation is going to be stickier than most people imagine’: Inside the obscure market where traders have mostly been right about price increases.
Inflation trader Gang Hu of WinShore Capital Partners in New York is shown. Source: WinShore Capital Partners For the past 20 years, Gang Hu has traded Treasury inflation protected securities Read more