DIRS.INFO The most relevant business & tech news

☆ What Wall Street bosses from Goldman Sachs to JPMorgan are saying about the jobs outlook for 2024 in investment banking, wealth management, and more
▼ + stars: | 2024-01-16 | by ( Emmalyse Brownstein | Alex Morrell | Reed Alexander | ) www.businessinsider.com time to read: +11 min

Last year, banks opened 2023 by forecasting layoffs, including for the investment bankers who suddenly had nothing to do following the pandemic-era M&A and IPO boom. Citigroup kicked off 2024 ominously, warning that it will lay off as many as 20,000 employees by 2026. The bank expects 2024 expenses to increase further to total $90 billion, up $2.8 billion from 2023, and much of that will be focused on hiring. CFO Barnum on Friday said the bank is gearing up for a "rebound in the investment banking wallet." Headcount declined 3% to 80,006 from 82,427, while compensation expenses rose to $24.5 billion from $23 billion.

Persons: It's, it's, Jane Fraser, Jeremy Barnum, JPMorgan Chase Jamie Dimon, JPMorgan Chase, Alex Wroblewski, JPMorgan's headcount, Barnum, Friday, Patrick T, Fallon, —, Fraser, Q, Goldman Sachs Goldman Sachs, David Solomon, BRENDAN MCDERMID, Goldman Sachs, Denis Coleman, Coleman, Goldman, Bank of America Brian Moynihan, Robert Galbraith, headcount, BofA, Alastair Borthwick, execs, they've, Brian Moynihan, Wells Fargo Charles Scharf, Lucy Nicholson Wells Fargo, Michael Santomassimo, Charlie Scharf, Santomassimo, BlackRock Larry Fink, Fink, Kapito, Morgan Stanley Ted Pick, Morgan Stanley, Jeenah, Headcount, Morgan, Ted Pick, Sharon Yeshaya, Blackstone Steven Schwarzman, Blackstone, Gonzalo Fuentes Organizations: Business, Citigroup, JPMorgan, Citi, BlackRock, Blackstone, Getty, AlphaSense, Citigroup Citigroup, Bank of America, REUTERS, Robert, Robert Galbraith Bank of America's, Reuters, AP BlackRock, Global Infrastructure Partners Locations: Wall, headcount, Wells Fargo

☆ Warner Bros. Discovery's games chief shares plans to capitalize on 'Hogwarts Legacy' and boost the division's growth
▼ + stars: | 2024-01-16 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Discovery's gaming division is on a winning streak with two of the biggest console games in 2023: "Hogwarts Legacy," the year's No. In an interview with Business Insider, Haddad, who is president of Warner Bros. Interactive Entertainment — a position he's held since 2015 — framed the challenge and how he plans to keep WBD games' streak going. It can take the form of new events to keep people playing a strategy game like "Game of Thrones: Conquest" or new characters and tournaments in a fighting game like "Mortal Kombat." WBD's success with games separates it from other legacy media companies that have stumbled in the arena, most notably Disney. Nevertheless, analysts have speculated that given its past success and need for growth, WBD could buy another gaming company such as EA or Take-Two Interactive.

Persons: —, execs, David Haddad, Haddad, We're, Harry Potter, it's, They've, Michael Pachter, Shaggy, David Zaslav, people's, Jefferies, Andrew Uerkwitz, LightShed, Haddad wouldn't, we've Organizations: Service, Warner, Business, Discovery, Warner Bros, Interactive Entertainment, Wedbush Securities, Disney, Netflix, Thrones, EA, Embracer Locations: WarnerMedia

☆ Goldman Sachs tops revenue estimates on better-than-expected asset management results
▼ + stars: | 2024-01-16 | by ( Hugh Son | ) www.cnbc.com time to read: +4 min

Goldman Sachs on Tuesday posted fourth-quarter results that topped analysts' expectations on better-than-expected asset and wealth management revenue. Companywide revenue rose 7% to $11.32 billion on growth from asset and wealth management and platform solutions divisions. The growth engine for the bank, according to Solomon, is now its asset and wealth management division, which is benefiting from the rise in private credit and other alternative assets. Asset and wealth management revenue jumped 23% from a year earlier to $4.39 billion, topping the StreetAccount estimate by nearly $550 million, on higher revenue from equity and debt investments and rising management fees. Equities trading revenue jumped 26% to $2.61 billion, thanks to derivatives activity and financing fees, topping the $2.22 billion StreetAccount estimate.

Persons: Goldman Sachs, wasn't, LSEG Goldman, Goldman, David Solomon, Solomon, outsized, Morgan Stanley, Wells Fargo Organizations: LSEG, LSEG ., Investment, Wall, JPMorgan Chase, Bank of America, Citigroup, CNBC PRO

☆ Citigroup to cut 20,000 employees
▼ + stars: | 2024-01-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —Citigroup will lay off 20,000 employees over the next two years, CFO Mark Mason said Friday. The reduction comes after the company reported a $1.8 billion net loss for the fourth quarter of 2023, its worst quarter in 15 years. The bank expects the reduction in headcount to save $2.5 billion over the long-term. These layoffs are part of Citi CEO Jane Fraser’s years-long effort to cut red tape at the company and boost lagging profits. Citigroup CEO Jane Fraser first announced her sweeping restructuring efforts last September.

Persons: Mark Mason, Jane Fraser’s, Fraser, ”, Manson, Jane Fraser, “ We’ll, ” Fraser Organizations: New, New York CNN, Citigroup, FactSet, Citi Locations: New York, Argentina

☆ Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
▼ + stars: | 2024-01-12 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Citigroup on Friday posted a $1.8 billion fourth-quarter loss after booking several large charges tied to overseas risks, last year's regional banking crisis and CEO Jane Fraser's corporate overhaul. All told, the charges — so massive the bank preannounced their effect this week — hit quarterly earnings by $4.66 billion, or $2 per share, Citigroup said. Excluding their effect, earnings would've been 84 cents a share, the bank said. Revenue: $17.44 billion vs. $18.74 billion expected. Fraser called her company's performance "very disappointing" because of the charges but said Citigroup had made "substantial progress" simplifying the bank last year.

Persons: Jane, would've, Fraser, Mark Mason, Octavio Marenzi, Goldman Sachs, Morgan Stanley Organizations: Citigroup, LSEG, Revenue, Citi, Opimas, JPMorgan Chase, Bank of America, CNBC PRO Locations: Argentina

☆ Leaked recording reveals Amazon Prime Video boss warning employees the unit hired too fast, months before layoffs
▼ + stars: | 2024-01-11 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. "That's a lot of growth," Hopkins said. Prime Video was the first to do a hiring freeze at Amazon in 2022 because the team was growing too fast, he added. Related storiesHopkins's comments show the exponential growth the Prime Video and MGM Studios team saw prior to Wednesday's layoffs. For years, Amazon has poured billions of dollars into its video streaming service, which is included in its Prime membership program.

Persons: Mike Hopkins, Hopkins, didn't Organizations: Amazon, MGM Studios, Business, BI, MGM, Football Locations: Amazon, headcount

☆ Google cuts hundreds of jobs across engineering, hardware teams
▼ + stars: | 2024-01-11 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Google cut several hundred jobs across the company late Wednesday night as it continues to push for efficiency and focus on its "biggest product priorities," a spokesperson confirmed to CNBC. The layoffs will impact employees within Google's hardware and central engineering teams, as well as workers across Google Assistant, its voice-activated software product. Other parts of the company were also affected, according to Google. Last January, Google slashed its workforce by 12,000 people, or roughly 6% of its full-time employees. "Some teams are continuing to make these kinds of organizational changes, which include some role eliminations globally."

Persons: Bard Organizations: Google, CNBC, Microsoft

☆ Amazon cuts hundreds of jobs in Prime Video and MGM Studios: Read the memo to employees
▼ + stars: | 2024-01-10 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Here's the full memo from Hopkins:Team,We've taken significant steps towards our long-term vision of making Prime Video the first-choice entertainment destination for customers worldwide, and I'm proud of everything we've accomplished as a team to date. And, through our acquisition of MGM, we've increased our investments in theatrical films and driven growth in MGM+ and our licensing and third-party production businesses. As a result of these decisions, we will be eliminating several hundred roles across the Prime Video and Amazon MGM Studios organization. It is hard to say goodbye to talented Amazonians who've made meaningful contributions on behalf of our customers, team and business. Prime Video is one of the most popular benefits for Prime members, and one of most widely used entertainment destinations in the world.

Persons: We've, we've, Amazonians who've, Mike Organizations: Amazon, Hopkins, MGM, Prime, Amazon MGM Studios Locations: Americas

☆ Amazon lays off more than 500 employees in its Twitch unit
▼ + stars: | 2024-01-10 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +5 min

Last March, Twitch let go of roughly 400 staffers, and it cut some employees in its customer experience division last October. Amazon has undergone the largest layoffs in its history, cutting 27,000 employees since 2022. The cuts have been ongoing, with Amazon announcing layoffs in its Prime Video and MGM Studios units on Wednesday. So while the Twitch business remains strong, for some time now the organization has been sized based upon where we optimistically expect our business to be in 3 or more years, not where we're at today. If your role is affected by this decision and you live in the US, Canada, Brazil, Mexico, or Singapore.

Persons: Twitch, Emmett Shear, Clancy, Doug Scott, Laura Lee, we've, you've, Lauren Nunes, Dan Organizations: Amazon, MGM Studios, Clancy, Team Locations: Canada, Brazil, Mexico, Singapore, Twitch

☆ Trend Micro lays off 2% of its global workforce
▼ + stars: | 2024-01-09 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

Trend Micro has laid off 2% of its overall workforce. "Trend Micro informed 2% of its worldwide team that their roles were eliminated," a spokesperson said in a statement. "This decision is in alignment with Trend Micro's business transformation and focus on customer expansion through our platform." In response to an analyst question in November about the company's declining headcount and if it has stopped shrinking its workforce, Trend Micro said, "we don't have a plan to actively increase the head count." Trend Micro joins a growing list of technology firms that have recently slashed jobs amid a challenging economy.

Organizations: Trend, Unity Software, Xerox

☆ Altimeter's Brad Gerstner, a top tech investor for 15 years, is showing no signs of slowing
▼ + stars: | 2023-12-26 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Brad Gerstner rose to prominence in the tech investment scene for his early lucrative bets in Snowflake and Meta Platforms , and he's showing no signs of slowing down. The tech investor launched his investment firm Altimeter Capital in the depths of the 2008 financial crisis with less than $3 million raised from his family and friends. Altimeter has also been an on-and-off investor in Meta Platforms since the early 2010s. As a top 15 institutional investor, Gerstner wrote a critical open letter in October 2022, saying the company needed to slash headcount and stop spending so much money on metaverse. The widely followed tech investor called the rise of AI a "super-cycle" just like the dot-com boom in the late 1990s.

Persons: Brad Gerstner, Gerstner, Snowflake, Meta, Mark Zuckerberg, he's Organizations: Harvard Business School, Microsoft, Nvidia, Federal Reserve Locations: Snowflake

☆ I'm the former Microsoft VP of HR. Here's what executive leadership really thinks about at the end of the year — and why layoffs are so common in Q1
▼ + stars: | 2023-12-26 | by ( Chris Williams | ) www.businessinsider.com time to read: +7 min

Time for a performance reviewFor many in the lower layers of the company, the end of the year marks the arrival of performance reviews. In the C-Suite, performance reviews fall differently. The implementation of performance reviews at the highest levels is hampered by the compensation models up there. AdvertisementSo in the C-Suite, the performance reviews are still difficult, but rarely so personal. While you are worrying over your pending performance review, the C-Suite is worried about theirs too.

Persons: Chris Williams, Williams, —, I've, it's Organizations: Microsoft, Service

☆ British fintech Revolut hits record revenue, profit tumbles
▼ + stars: | 2023-12-22 | by ( ) www.cnbc.com time to read: 1 min

British fintech Revolut's revenue rose 45% to a record 923 million pounds ($1.1 billion) in 2022, but net profit tumbled to 6 million pounds, down from 26 million pounds the year before, the company said in delayed annual accounts on Friday. The company had said it had 26.2 million customers, up almost 10 million from 2021. CEO Nikolay Storonsky said in the annual report that the company remains "committed to our ongoing UK banking licence application." Revolut, which ranked as the UK's most valuable start-up when it was valued at around $33 billion in 2021, applied for a UK banking licence early that year but is still awaiting approval. The company said in September it had received permission to delay filing its annual accounts for a second year running.

Persons: Nikolay Storonsky

☆ A $6 billion healthcare-AI startup backed by General Catalyst cut staff after pledging to hire 'aggressively'
▼ + stars: | 2023-12-19 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +3 min

Read previewGeneral Catalyst-backed startups Commure and Athelas merged in October to create a $6 billion healthcare-AI startup. Shortly after the deal closed, though, the newly formed Commure cut staff, according to a leaked email obtained by Business Insider. The layoffs came just a month after Tandon told Business Insider that Commure planned to hire "aggressively" following the merger. Tandon told Business Insider in October that Commure's total headcount following the merger would be about 800. Both Commure and Athelas each had at least five years of cash runway before the merger, Tandon told Business Insider in October.

Persons: —, Tanay Tandon, Tandon, Commure Organizations: Service, Athelas, Business, Bloomberg News

Read previewThe recent firing and rehiring of OpenAI CEO Sam Altman has put his leadership and personality under a microscope. People who have worked closely with Altman told Business Insider the truth lies somewhere in the middle. Advertisement"The thing I loved about OpenAI is you got to be heard," a former employee told BI. Relationship with MicrosoftWhile Altman is approachable, insiders said his obsession with growing the company can make him seem terse, impatient and superior to other "big tech" companies. AdvertisementAre you a Microsoft or OpenAI employee, or someone else with information to share?

Persons: —, Sam Altman, Altman, he's, He's, OpenAI's cofounders, Altman's, Satya Nadella, There's, OpenAI, doesn't, they've, Mira Murati, Sam, that's, Ashley Stewart, Kali Hays, Darius Rafieyan Organizations: Service, Washington Post, Business, Microsoft, Google, OpenAI Locations: astewart@insider.com, khays@insider.com, drafieyan@insider.com

☆ Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
▼ + stars: | 2023-12-05 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. Wells Fargo CEO Charlie Scharf said Tuesday that low staff turnover means the company will likely book a large severance expense in the fourth quarter. That expense is an accrual for worker layoffs that Wells Fargo expects to make next year, according to a bank spokeswoman. Wells Fargo needs to get "more aggressive" managing headcount because employee attrition has slowed this year, Scharf added. Wells Fargo shares fell more than 1% on Tuesday.

Persons: Charlie Scharf, Wells, Scharf, Goldman Sachs, Wells Fargo, Morgan Stanley, James Gorman, Read Organizations: Milken Institute Global Conference, Street, U.S, Workers, Wells Locations: Wells Fargo, Beverly Hills , California, New York, U.S

☆ Wells Fargo CEO expects severance expenses to exceed $750 million
▼ + stars: | 2023-12-05 | by ( Nupur Anand | Thomson Reuters | Nupur Anand Is A U.S. Banking Correspondent At Reuters In New York. She Focuses On Jpmorgan Chase | ) www.reuters.com time to read: +2 min

Charlie Scharf, CEO, Wells Fargo, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNEW YORK, Dec 5 (Reuters) - Wells Fargo (WFC.N) CEO Charlie Scharf told investors on Tuesday he expects to book higher-than-anticipated severance expenses between $750 million to a little less than $1 billion in the fourth quarter. The bank has reduced its workforce since the third quarter of 2020 and it stood at 227,363 at the end of third quarter of this year. Wells Fargo set aside $359 million for potential credit losses on office real estate in the third quarter, bringing total allowances to $2.6 billion for the first nine months of 2023. Wells Fargo has reduced its origination in auto loans and has also been reducing the size of its mortgage servicing portfolio.

Persons: Charlie Scharf, Wells, Mike Blake, Scharf, Goldman Sachs, " Scharf, Wells Fargo, Nupur Anand, Lananh Nguyen, Chizu Organizations: Milken, Global Conference, REUTERS, San, . Financial Services Conference, U.S, Thomson Locations: Wells Fargo, Beverly Hills , California, U.S, San Francisco, Wells

☆ Walmart and Target borrowing ideas from each other shows we're in a new economic landscape
▼ + stars: | 2023-12-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at the rising similarities between Target and Walmart. Dominick Reuter/Business InsiderIf imitation is the sincerest form of flattery, Walmart and Target are embarking on some serious tributes to each other. AdvertisementTwo of the country's largest retailers are taking pages from each other's playbooks as they adjust to a changing economic landscape. And Walmart founder Sam Walton openly admitted he stole borrowed plenty of ideas from Sol Price, the originator of the wholesale club model. That's led Walmart to see an increase in higher-income clientele, a trend they're leaning into.

Persons: —, Dominick Reuter, Insider's Dominick Reuter, Dominick, Christina Hennington, it's, Sam Walton, Sol Price, That's, Charlie Flanagan, Management's Bryan Kelly, Li Deng, Mike Schuster, Sam Altman Andrew Caballero, Reynolds, Daniel Ek, Slaven Vlasic, Rebecca Zisser, Elon, Zers, Xochitl Gomez, Alyson Hannigan, Jason Mraz, Charity Lawson, Ariana Madix, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Target, Walmart, AQR, Investments, AQR Capital Management, Vatic Investments, Sigma, Investment, Barclays, ING, MSCI Israel, Tel, Tel Aviv Stock Exchange, Israel Securities Authority, Reuters, Broadcom, VMware, The New York Times, Inc, Adobe, ABC, Major, Baseball, MLB Network Locations: Israel, Tel Aviv, New York City, San Diego, London, New York

☆ Tech firms, Wall Street lead job cuts in Corporate America
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +9 min

TECHNOLOGY, MEDIA AND TELECOM SECTORMeta Platforms (META.O):The Facebook-parent said it would cut 10,000 jobs, just four months after it let go 11,000 employees. read moreMicrosoft Corp (MSFT.O):The U.S. tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. The company laid off under 1,000 employees across several divisions in October, Axios reported, citing a source. Workday (WDAY.O):The software company will cut roughly 500 jobs, or 3% of its workforce, citing a challenging macroeconomic environment. Morgan Stanley (MS.N):The Wall Street powerhouse was planning to cut about 3,000 jobs in the second quarter ended June 30, Reuters reported in May.

Persons: Brendan McDermid, Goldman Sachs, Axios, Pat Gelsinger, Elon Musk, Morgan Stanley, Lazard, Coinbase, cryptocurrencies, Phillips, Johnson, Joseph Wolk, Deborah Sophia, Akash Sriram, Granth Vanaik, Eva Mathews, Yuvraj Malik, Sourasis Bose, Priyamvada, Tiyashi Datta, Manya Saini, Jaspreet Singh, Maju Samuel, Sriraj Kalluvila, Pooja Desai Organizations: REUTERS, TELECOM, Meta, Facebook, IBM Corp, Spotify Technology SA, Spotify, Microsoft Corp, Intel Corp, Reuters, New York Times, Elon, Cisco Systems, HP, Rivian, Match, Dell Technologies, Technologies, U.S . Central Intelligence Agency, Goldman Sachs, Wall, Citigroup, Bloomberg News, BlackRock, Bed, Dow, Johnson, 3M, Thomson Locations: New, Wall, U.S, York, New Jersey, Bengaluru

☆ Klarna is freezing hiring and turning to AI tools such as ChatGPT to pick up the slack
▼ + stars: | 2023-12-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Klarna CEO Sebastian Siemiatkowski says the company is in a partial hiring freeze. He told The Telegraph AI was "a threat to a lot of jobs" across the economy. As more AI productivity tools hit the market, some workers are concerned that widespread adoption of the tech could put their jobs at risk. AdvertisementSome CEOs have already bet that AI tools will boost worker productivity and lead to reduced headcount. Other companies including AT&T have even created their own AI tools to help employees with their work.

Persons: Sebastian Siemiatkowski, Siemiatkowski, —, We're, Klarna Organizations: Telegraph, Service, T's Locations: Swedish

Last Friday provided a split-screen view of the markets and the Federal Reserve. “Indeed, we look for the return of striking workers to add nearly 45K jobs to November’s payrolls. Wednesday brings the first measure of the November job market when private payroll firm ADP releases its monthly survey of employers. October came in at 150,000, a drop from the recent trend of around 200,000 jobs added per month. Consequently, we expect the post-meeting statement will keep the door open to the possibility of additional tightening this cycle.

Persons: Jerome Powell, Powell, ” William Blair, Richard de Chazal, that’s, de Chazal, –, payrolls, “, Sam Bullard, November’s, Bullard, Wells Fargo Organizations: Federal Reserve, Spelman College, “, Futures, United Auto Workers, UAW, Hollywood, Wells, Labor

☆ Spotify to lay off 17% of employees — read the full memo CEO Daniel Ek sent to staff
▼ + stars: | 2023-12-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Spotify raised prices of its subscription plans earlier this year and has been expanding into podcasts and audio books. Spotify cut 6% of its workforce, or about 600 employees, at the start of the year. For the team that will remain at Spotify, I know this decision will be difficult for many. Looking AheadThe decision to reduce our team size is a hard but crucial step towards forging a stronger, more efficient Spotify for the future. As we've grown, we've moved too far away from this core principle of resourcefulness.

Persons: Ek, we've, I've, we're, Katarina, Severance, We're, – Daniel Organizations: Spotify

☆ Spotify to reduce staff by 17%
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: 1 min

Persons: Dado Ruvic, Supantha Mukherjee, Anna Ringstrom, Essi Organizations: REUTERS, Rights, Thomson

☆ Spotify to reduce staff by 17% in second layoff this year
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

Small figurines are seen in front of displayed Spotify logo in this illustration taken February 11, 2022. REUTERS/Dado Ruvic/Ilustration/File Photo Acquire Licensing RightsSTOCKHOLM, Dec 4 (Reuters) - Spotify (SPOT.N) will reduce its total headcount by around 17% across the company, it said in an email on Monday, after laying of 6% of this staff in January citing higher costs. CEO Daniel Ek told Reuters at that time the company was still focusing on efficiencies to get more out of each dollar. "We debated making smaller reductions throughout 2024 and 2025," CEO Daniel Ek said in a mail to employees. Reporting by Supantha Mukherjee, writing by Anna Ringstrom, editing by Essi Lehto and Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Daniel Ek, Supantha Mukherjee, Anna Ringstrom, Essi Lehto, Terje Solsvik Organizations: REUTERS, Rights, Reuters, Thomson

☆ Morning Bid: Buoyant markets hold near year's highs
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +5 min

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. Fed futures markets think a first cut may come as soon as March - with a quarter-point easing by then already two-thirds priced. Two-year Treasury yields hit their lowest since June on Friday and 10-year yields their lowest in three months, although they edged higher on Monday. U.S. crude hit its lowest in two weeks and is tracking year-on-year losses of almost 10%. But that is widening into yearend as peak rate hopes encourage some rotation to smaller cap stocks.

Persons: Carlo Allegri, Mike Dolan, Jerome Powell, Powell, Goldman Sachs, Jan, Fitch, Bitcoin, Christine Lagarde, Joann, Kirsten Donovan Organizations: New York Stock, REUTERS, Federal Reserve, Spelman College, Fed, Tech, HK, Central Bank, Treasury, PMI Reuters Graphics Reuters, Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, Atlanta, Europe, Gaza, China, Hong Kong, WuXi, Evergrande, RGC Resources

Search resuls for: "HeadCount"

25 mentions found