This week, US banking titans are expected to report lower fourth-quarter profits as lenders stockpile rainy-day funds in preparation for an economic slowdown that is wreaking havoc on investment banking.   JPMorgan Chase & Co, Bank of America Corp, Citigroup Inc (C.N), and Wells Fargo...

Even as the US economy grappled with the effect of rapidly rising prices due to sticky high inflation, job growth in the US was still strong through December. added 223,000 jobs in December, lowering the unemployment rate from 3.6% in November to 3.5%.   The labour market's...

Despite a slowing in economic growth and a weak credit market, Goldman Sachs Group Inc's top dealmakers are optimistic about a recovery in global mergers and acquisitions (M&A) in the second half of 2023.   As economic forecasts become more pessimistic, executives at the Wall Street...

Nic Szerman lost his job at Meta Platforms in November, just two months after starting full-time, as the company cut 13% of its workforce as the advertising market tanked.   Days later, he was back at work, pitching his own blockchain-based payment company, Nulink, to startup accelerator Y...

The main engines of global growth – the United States, Europe, and China – will all experience weakening activity in 2023, according to the head of the International Monetary Fund on Sunday.   The new year will be "tougher than the year we leave behind," IMF Managing Director Kristalina...

According to a survey released on Monday, the eurozone manufacturing downturn has likely passed its trough as supply chains begin to recover and inflationary pressures ease, resulting in a rebound in optimism among factory managers.   S&P Global's final manufacturing Purchasing Managers'...

German company Kelheim Fibers started looking for alternatives to keep its engines running as soon as Russian gas exports to Germany were first disrupted in June.   As a result, starting in the middle of January, the Bavarian company, whose fibers are used in everything from teabags to...

In November, the increase in bank lending to businesses in the eurozone fell to 8.4%. In November, bank lending to businesses in the eurozone declined due to high inflation and rising interest rates, according to ECB data. In comparison to November of last year, bank lending to businesses in the...

Although many investors are hopeful that 2023 could bring some relief, it has been a difficult year for emerging markets, with more governments stumbling into default, currencies suffering, and double-digit losses in both stocks and bonds.   The events, trends, and subjects listed below are...