Following on from the sharp reversal on Tuesday, European markets were under pressure in this first half of Wednesday’s session. Safe haven flows into the Swiss franc pushed the EUR/CHF pair close to parity, with Read more…
EUR/USD falls ahead of German inflation data, central bank speak EURUSD fell 0.6% in the previous session after dismal German consumer confidence, which fell to a record low as inflation and recession risks surged. Today, Read more…
“After thorough consideration, the Board determined that it was time for a change in leadership,” said independent director Harriet Edelman. Updated at 8:06 am EST Bed Bath & Beyond (BBBY) – Get Bed Bath & Read more…
Growth bets gave way to recession fears in overnight trading, pulling global stocks lower and setting up a weaker start to the Wednesday session on Wall Street. U.S. equity futures edged lower Wednesday, while the Read more…
The crypto industry is currently undergoing a truth test that will determine which projects are viable The list of damage is growing every day. The crypto market has lost more than $2.1 trillion since its Read more…
“Though significant inflation and supply chain disruptions put pressure on our margins, we responded quickly to address those challenges and keep our brands on shelf,” said CEO Jeff Harmening. General Mills (GIS) – Get General Read more…
“I’ve learned firsthand that it is indeed fun to do the impossible,” said co-founder Ben Silbermann. “And with Bill as our CEO, I know that the fun is just getting started.” Pinterest (PINS) – Get Read more…
“Bob is the right leader at the right time for The Walt Disney Company, and the board has full confidence in him and his leadership team,’ said Disney chair Sue Arnold. Walt Disney (DIS) – Read more…
Despite high inflation and rapidly increasing interest rates right now, we in this paper argue that many of the structural factors that explain the decline in natural interest rates since the 1970s are still in Read more…
Tesla has reportedly closed its San Mateo office, and laid off 200 employees, as it begins a wave of cost cuts throughout the carmaker’s global operations. Tesla (TSLA) – Get Tesla Inc. Report shares edged lower Read more…