Banks Brace for More Consumers to Fall Behind on Their Loans
Delinquencies are rising, in some cases surpassing prepandemic levels, prompting banks to add to their rainy-day funds. [ad_2] Source link...
Corporate Layoffs Spread Beyond High-Growth Tech Giants: WSJ
Dow, IBM and SAP say they will lay off thousands of workers as belt-tightening becomes the new business priority. [ad_2] Source link...
China’s Reopening Complicates Global Fight Against Inflation: WSJ
Stronger Chinese economy will boost demand for commodities but could ease supply-chain bottlenecks, sending mixed signals for central bankers… [ad_2] Source link...
U.S. corporate greed has gone too far, says Norway fund manager
“‘We think in particular in the U.S. the corporate greed has just gone too far.’” That’s the head of Norway’s $1.3 trillion sovereign wealth fund,...
Opinion: Opinion: More rotting assets are lurking in the shadows of the financial system
Like a lightning bolt that suddenly throws a landscape into sharp relief, higher interest rates have exposed where the financial system could buckle or break—but...
BlackRock Profit Falls 23%: WSJ
The money-management firm’s assets under management increased to $8.6 trillion after three quarters of declines. [ad_2] Source link...
U.S. Auto Sales in 2022 Worst in Over a Decade
Business Autos & Transportation Autos Industry GM bucked last year’s industry declines to regain U.S. sales crown from Toyota [ad_2] Source link...
Corporate Insiders Aren’t Betting on a Market Rebound
Markets Stocks Recent market declines have pushed stock prices lower, but executives and directors haven’t been scooping up their companies’ shares [ad_2] Source link...
Beer Sales Drop as Consumers Balk at Higher Prices
Business U.S. demand for beer fell at the end of last year after a strong run of defying inflation [ad_2] Source link...
Elon Musk and Cathie Wood Are Almost Right About the Fed
Markets Heard on the Street The two are correct in that higher rates are dragging down tech, but that is hardly the whole story [ad_2]...