Carmaker Stellantis (STLA.MI) on Tuesday warned that rising interest rates aimed at fighting soaring inflation risked slowing economic growth. Chief Executive Carlos Tavares also told the Paris Car Show that…
Category: Business
Goldman Sachs names new leadership trio for core units
Goldman Sachs (GS.N) outlined its leadership team for its new core business units on Tuesday as the Wall Street giant undertakes its biggest overhaul since 2020. The bank named Ashok…
BoC to dial down size of rate rises again but not done yet
The Bank of Canada will raise its overnight rate by 50 basis points on Oct. 26, a smaller amount than at previous meetings, but will get rates to an even…
J&J looks at job cuts despite weathering inflation impact
Johnson & Johnson (JNJ.N) on Tuesday posted better than expected third-quarter earnings on strong demand for its cancer drug Darzalex, but said it may still cut some jobs as it…
ASML to report Q3 earnings as China, supply chain questions swirl
Supply chain snags, spending cuts by customers and U.S. trade curbs on China are likely to be in focus at ASML Holding NV's (ASML.AS) quarterly results on Wednesday, which should…
Turbulent markets jolt currency hedge funds from decade-long slumber
Veteran hedge fund manager John Taylor describes one of his favourite Gary Larson cartoons, where one vulture sitting on an animal carcass says to another as more descend: "good friends…
U.S. manufacturing output rises more than expected in September
Production at U.S. factories rose in September led by output gains in both durable and nondurable goods, indicating the manufacturing sector remains on reasonable footing despite the Federal Reserve's efforts…