#Goldman Sachs to lay off as many as 4,000 employees: report

#Goldman Sachs to lay off as many as 4,000 employees: report

“Goldman Sachs to lay off as many as 4,000 employees: report” Goldman Sachs is planning to cut as many as 4,000 “low performing” staffers as it looks to shed costs during a profitability crunch, according to a report Friday. Top brass has reportedly asked managers to identify struggling employees for potential cuts, Semafor reported, citing…

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#Fed slows pace of rate hikes as inflation cools

#Fed slows pace of rate hikes as inflation cools

“Fed slows pace of rate hikes as inflation cools” The Federal Reserve dialed back the pace of its inflation-fighting effort on Wednesday as officials seek a delicate balance between taming prices and avoiding a sharp recession. The rate-making Federal Open Market Committee hiked its benchmark interest rate by a half percentage point following a two-day…

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#Consumer prices rose 7.1% in November as Fed rate hike looms

#Consumer prices rose 7.1% in November as Fed rate hike looms

“Consumer prices rose 7.1% in November as Fed rate hike looms” Inflation cooled slightly in November from its decades-high level of previous months, though weary American households still face financial pressure from high prices and rising interest rates during the holiday season. The November reading of the Consumer Price Index, a closely watched measure of…

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#Recession fears rise as Fed eyes another interest rate hike

#Recession fears rise as Fed eyes another interest rate hike

“Recession fears rise as Fed eyes another interest rate hike” Investors are increasingly worried that the Federal Reserve will steer the US economy into a major recession – even as policymakers meet Tuesday to consider voting on a seventh straight interest rate hike. The Fed is widely expected to enact a half-percentage point interest rate…

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#US producer prices jump more than expected in November

#US producer prices jump more than expected in November

“US producer prices jump more than expected in November” U.S. producer prices increased a bit more than expected in November, but the underlying trend in inflation is moderating, which could allow the Federal Reserve to slow its pace of interest rate hikes next week. The producer price index for final demand rose 0.3% last month, the Labor Department said on Friday. Data for…

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#US stocks could fall in severe recession: Nouriel Roubini

#US stocks could fall in severe recession: Nouriel Roubini

“US stocks could fall in severe recession: Nouriel Roubini” US stocks will have much further to fall if the economy careens into a severe recession next year, according to a prominent economist known as “Dr. Doom.” Nouriel Roubini, a New York University professor emeritus known for his pessimistic economic predictions, warned the S&P 500 could…

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#Jamie Dimon warns of possible ‘mild to hard’ recession

#Jamie Dimon warns of possible ‘mild to hard’ recession

“Jamie Dimon warns of possible ‘mild to hard’ recession” Wall Street titan Jamie Dimon warned of a possible “mild to hard recession” as the Federal Reserve continues to hike interest rates — and meanwhile ridiculed cryptocurrencies, calling them as useless as “pet rocks.” The hard-charging chief executive of JPMorgan Chase said America’s global economic advantages…

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#The Year Ahead: Business in 2023

#The Year Ahead: Business in 2023

“The Year Ahead: Business in 2023” “In other words, fasten your seatbelt” Supply chains will freeze while air-travel choices expand. Tech unicorns prove resilient, the cannabis retail boom goes bust and everyone wants a side of feel-good social responsibility with their profits. Here’s a look at the year ahead in the world of business:  1. This…

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