Uncertainty is lingering for investors following a recent mixed batch of data — softer-than-expected inflation, stronger-than-anticipated jobs and wages — as we kick off the third week before Christmas. That’s Read more
Tag: situation
‘I own the responsibility for why everyone is in this situation’: Twitter founder Jack Dorsey apologizes for layoffs
Twitter founder and former chief executive, Jack Dorsey, on Saturday apologized for layoffs involving about 50% of the social media platform’s staff, announced by new owner, Elon Musk on Friday. Read more
Home builders sentiment index falls for record tenth month in a row in October. Home builders say the ‘situation is unhealthy and unsustainable.’
The numbers: The National Association of Home Builders’ (NAHB) monthly confidence fell 8 points to 38 in October, the trade group said on Tuesday. It’s the tenth month in a Read more
Builder sentiment drops to the lowest level since 2012. Home builders say the ‘situation is unhealthy and unsustainable.’
The numbers: The National Association of Home Builders’ (NAHB) monthly confidence fell 8 points to 38 in October, the trade group said on Tuesday. It’s the tenth month in a Read more
Builder sentiment drops to the lowest level since 2012. Home builders say the ‘situation is unhealthy and unsustainable.’
The numbers: The National Association of Home Builders’ (NAHB) monthly confidence fell 8 points to 38 in October, the trade group said on Tuesday. It’s the tenth month in a Read more
Fed rate hikes are ‘hurting the situation,’ Sen. Bernie Sanders says
The Federal Reserve’s policy of steep interest-rate hikes is not helping the struggling economy and is instead hurting working Americans, Sen. Bernie Sanders said Sunday. ““I think they’re hurting the Read more
A surging U.S. dollar is creating an ‘untenable situation’ for the stock market, warns Morgan Stanley’s Wilson
The U.S. dollar’s unrelenting surge is raising worries over corporate earnings, warned a closely followed Wall Street analyst, who noted that similar performances by the currency have historically led to Read more
‘The situation has deteriorated.’ Deutsche Bank forecasts deeper Europe recession amid a war-fueled energy crisis
Hopes for a “mild recession” in Europe this winter have been abandoned by Deutsche Bank strategists, who have dramatically slashed their 2023 growth forecasts. The bank now expects EU-area growth Read more
‘The situation has deteriorated.’ Deutsche Bank forecasts deeper Europe recession amid a war-fueled energy crisis
Hopes for a “mild recession” in Europe this winter have been abandoned by Deutsche Bank strategists, who have dramatically slashed their 2023 growth forecasts. The bank now expects EU-area growth Read more
Celsius customers write pleas to bankruptcy court to get crypto back: ‘This is an emergency situation, simply to keep a roof over my family and food on their table.’
Some customers of crypto lender Celsius Network, which filed for bankruptcy earlier this month, have written to the Bankruptcy Court for the Southern District of New York, with a hope Read more
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