New Zealand Faces Shortage of Workers for Infrastructure Projects
New Zealand needs more workers and higher productivity to deliver the major infrastructure projects that are planned, according to the Infrastructure Commission.
Bloomberg Business
CrowdStrike Jumps After Beating Revenue Estimates in Down Market
CrowdStrike Holdings Inc. rose 7% on Tuesday after the cybersecurity company beat analysts’ estimates, despite previous concerns the cybersecurity market was cooling as cash-strapped companies curb spending.
Wall Street Recession Fear Returns on Powell Jolt: Markets Wrap
Wall Street got a reality check as Jerome Powell’s hawkish rhetoric prompted a shift higher in Federal Reserve rate wagers, reviving recession fears and crushing the riskier corners of the market.
Xi’s Frustration at Biden Grows With Warning of Conflict
Back in November, before the latest downward spiral in US-China ties, Xi Jinping cast himself as a statesman in a meeting with Joe Biden.
Wage Hikes at Japan’s Small Firms Closely Watched for BOJ Clues
Annual pay increases at precision parts maker Fujiseiki Co. have been unremarkable in recent years, eliciting little interest beyond the employees who live atop its Tokyo factory.
PayPal CFO Jorgensen to Step Down Following Leave of Absence
PayPal Holdings Inc. said Chief Financial Officer Blake Jorgensen will step down following a leave of absence for health reasons, amid a shuffle of upper management at the online-payments platform.
Goldman Lifts Forecast for Peak Fed Rate After Hawkish Powell Testimony
Goldman Sachs Group Inc. economists raised their forecast for peak Federal Reserve rates to 5.5%-5.75% following hawkish testimony by Chair Jerome Powell that opened the door to a half percentage-point increase later this month.
Citadel’s Griffin Would ‘Love’ to See DeSantis Run for President
Citadel founder Ken Griffin said he would love to see Republican Governor Ron DeSantis of Florida run for president in 2024.
Billionaire Steve Ross Wins a Second Shot at Soccer Ambitions
Stephen Ross’s plan to market high-profile soccer matches between top foreign teams in the US got a boost as a court revived an antitrust suit one of his companies brought against two of the sport’s governing bodies.
UK Grid Uses Back-Up Coal for First Time as Cold Snap Hits
Britain’s National Grid Plc called on a new back-up coal-fired reserve to generate power for the first time, after the market failed to provide enough electricity during the worst supply crunch this winter.
