Equity and fixed income markets may be too optimistic on how quickly central banks will cut interest rates.
Read More Markets underestimate risk of inflation re-accelerating, says PIMCO
Category: Business
Capital One to buy Discover Financial in $35.3 billion all-stock deal
Capital One plans to acquire Discover Financial Services to create a global payments giant.
Read More Capital One to buy Discover Financial in $35.3 billion all-stock deal
Goldman Sachs lifts 2024 S&P 500 target to 5,200 on upbeat profit outlook
Goldman Sachs raised its year-end target for the benchmark S&P 500 citing an improved earnings outlook for the index companies.
Read More Goldman Sachs lifts 2024 S&P 500 target to 5,200 on upbeat profit outlook
Nike to cut about 2% jobs to lower costs as demand weakens
Nike will cut more than 1,600 jobs to lower expenses as demand for its shoes comes under pressure.
Read More Nike to cut about 2% jobs to lower costs as demand weakens
US retail sales tumble in January; weekly jobless claims fall
Economists cautioned the decline may be due to winter storms and technical factors.
Read More US retail sales tumble in January; weekly jobless claims fall
Uber, Lyft drivers strike across US, demanding fairer pay
Drivers for Uber, Lyft and delivery workers for DoorDash were staging a strike seeking fair pay and better treatment.
Read More Uber, Lyft drivers strike across US, demanding fairer pay