Markets Disappointing July Chinese eco data and some PBOC monetary policy easing were the main talking point at the start of the new trading week. The Chinese central bank cut its 1-yr medium term lending facility rate unexpectedly by 10 bps, from 2.85% to 2.75%. It was the first cut since January. The decision came […]
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Restaurants have struggled as consumers have been pulling back spending and trading down in their choice of where to eat. That has led to high-proifle closures including Smokey Bones shutting many of its stores and Read more…
Meta Platforms (META) is apparently weighing a sweeping workforce shake-up, according to a scathing new report. According to a Seeking Alpha report citing Reuters, Meta executives are exploring layoffs that could affect 20% or more Read more…