BOE Chief Economist Signals UK Inflationary Pressures May Be Easing
Bank of England Chief Economist Huw Pill signaled UK inflationary pressures may be easing as the labor market weakens and the economy heads into recession.
Bloomberg Business
Georgia Grand Jury Investigating Trump Submits Recommendations, Disbands
The special grand jury investigating former President Donald Trump’s efforts to overturn the 2020 election results in Georgia has finished its work and is being disbanded, according to a court order issued Monday.
Wall Street Counting on Big Tech Rip Once Fed Eases Hikes
Wall Street tech bulls are counting on the industry’s megacap stocks to move higher before long and jump start a rebound in the S&P 500.
Commodity Ship Heads for Inspection After Suez Canal Mishap
A ship carrying grain from Ukraine to China is being taken for inspection after its engine lost power and briefly disrupted traffic in Egypt’s Suez Canal.
German Finance Minister Faces Pressure Over Real Estate Loan
German Finance Minister Christian Lindner is facing pressure over a real estate loan after reports emerged that he had provided a video greeting for the bank that issued it.
Crypto Tops Stocks, Gold on Best Bitcoin Streak in Nearly a Year
A cryptocurrency sector battered by turmoil last year is showing some signs of life early in 2023, posting bigger gains than other asset classes like stocks, bonds and gold.
Morgan Stanley’s Jon Pruzan, Onetime CEO Candidate, Exits Firm
Morgan Stanley Chief Operating Officer Jon Pruzan, a longtime lieutenant to James Gorman and once considered a potential candidate to succeed him as chief executive officer, is exiting the firm.
Adani Nears Purchase of Bankrupt Mumbai Builder at 98% Discount
Adani Goodhomes Pvt. is a step closer to acquiring Radius Estates and Developers Pvt. at a 98% discount to what the bankrupt company’s creditors had been seeking, according to a person with knowledge of the matter.
Ex-Citi Banker Michael Klein Expected to Lead 9-Figure Payday in Credit Suisse Deal
Credit Suisse Group AG is close to an agreement to buy Michael Klein’s advisory boutique after several rounds of tense negotiations, according to people briefed on the talks.
Goldman to Cut About 3,200 Jobs This Week After Cost Review
Goldman Sachs Group Inc. is embarking on one of its biggest rounds of job cuts ever as it locks in on a plan to eliminate about 3,200 positions this week, with the bank’s leadership going deeper than rivals to shed jobs.
