Flagstar Bank confirms layoffs, big restructuring in wake of merger
Tue, Jan 31st at 6:11 pm
The Flagstar Bank layoff notices were handed down Thursday and represented about 10% of all employees at the newly combined bank.
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Stocks sizzled in January as rate hike and inflation fears ebbed
Tue, Jan 31st at 5:10 pm
New year, new attitude on Wall Street. Stocks are off to a strong start in 2023 following last year's abysmal showing.
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Bed Bath & Beyond Closes an Entire Chain as Bankruptcy Looms
Tue, Jan 31st at 5:02 pm
We're only one month into the new year and the likes of Party City (PRTY) - Get Free Report, Joann (...
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Why a major local developer is going big on renewable power for its 35-building portfolio
Tue, Jan 31st at 4:50 pm
WS Development signs deal to provide renewable electric power at 35 buildings and shopping centers it operates in New England.
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Employers slowed their increases of workers' wages last quarter
Tue, Jan 31st at 4:42 pm
Employers continued to raise wages during the fourth quarter to attract workers and hold on to existing staff, though the ...
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Even millionaire millennials are now renting instead of buying homes
Tue, Jan 31st at 4:35 pm
Included in that historic number of renters is a record high number of millionaire renter households: 3,381, a number that tripled ...
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Inflation Tops Wages in Most US Cities, But LA Bucks the Trend
Tue, Jan 31st at 4:12 pm
Wage growth was easing in most US cities by the end of last year and remained below the inflation rate ...
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The market is headed for a 'tinderbox-timebomb' that will be worse than the 1929 crash, Black Swan fund manager says
Tue, Jan 31st at 2:42 pm
"The Black Swan" author Nassim Taleb's hedge fund has long-predicted a crash, warning that rising debt levels pose a "timebomb" ...
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Adani Tops Up Collateral on $1 Billion Loan After Stock Rout
Tue, Jan 31st at 1:28 pm
Adani Group put up millions of dollars worth of shares to maintain its collateral cover on a $1 billion loan after ...
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Pfizer Stock Slides As Soft Covid Vaccine Sales Outlook Mars Q4 Earnings Beat
Tue, Jan 31st at 12:50 pm
"As we turn to 2023, we expect to once again set records, with potentially the largest number of new product and ...
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This newsletter editor has been recommending stocks and bonds this year and says the rally has room to run
Tue, Jan 31st at 12:16 pm
Our contrarian call of the day from founder and editor-in-chief of The Kobeissi Letter, Adam Kobeissi is not buying any ...
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U.S. stock futures point to weak finish to strong January for Wall Street
Tue, Jan 31st at 12:06 pm
U.S. stock futures on Tuesday pointed to a weak finish to a strong month ahead of a key Federal ...
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Bear market unlike anything I've seen since starting on the Street in 1980, says short selling legend Jim Chanos
Tue, Jan 31st at 11:39 am
The market will not be able to overcome rising interest rates and waning corporate profitability, notable short seller Jim Chanos ...
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Stock market: 3 expert observations about January 2023's spirited move
Tue, Jan 31st at 11:39 am
It's unclear if January will be as good as it gets for stocks this year or the party will continue ...
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Global economic outlook slightly 'less gloomy' than expected, IMF says
Tue, Jan 31st at 11:17 am
The global economy will weaken this year as rising interest rates and Russia's war in Ukraine continue to weigh on ...
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Spotify earnings: Subscribers jump but losses widen amid podcast investments
Tue, Jan 31st at 11:17 am
Total monthly active users topped expectations, coming in at 489 million against forecasts for 478 million with both premium and ad-supported subscribers ...
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U.S. and global economies may have dodged a bullet, IMF says, but they're still in a danger zone
Tue, Jan 31st at 11:11 am
The U.S. and global economies are set to slow in 2023 as central banks ramp up their inflation fight, but ...
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Samsung Sees Smaller Smartphone Market In 2023; Won't Cut Chip Spending Despite Demand Slump
Tue, Jan 31st at 10:39 am
Amid prolonging geopolitical issues, continued inflation, and the continued economic slowdown, we expect the smartphone market to contract in 2023," said ...
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UBS posts better-than-expected profit, as wealth-management unit brings in $23.3 billion in new client money
Tue, Jan 31st at 7:09 am
UBSG reported a net profit of $1.65 billion in the three months to the end of December, up from $1.35 billion for ...
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Stocks open mostly higher as earnings reports stream in
Tue, Jan 31st at 6:54 am
NEW YORK (AP) Stocks are mostly higher in early trading on Wall Street as a deluge of major corporate earnings ...
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