Pictured is a science fiction-themed installation at Maison Hermes in Shanghai, China, November 28, 2022. Edition of the future | Edition of the future | Getty Images BEIJING — Wealthier Chinese were more likely to spend this year, while poorer people cut spending even more, McKinsey and Company found in a survey released Thursday. The …
Wealthy Chinese keep spending while others cut spending, survey finds Read More »
San Francisco’s sluggish, post-COVID recovery is hammering the downtown condo market, with owners increasingly willing to sell at a discount amid ongoing tech layoffs and office closures, according to a new report of the Compass real estate brokerage firm. According to the report, median condo sales prices in the Greater Downtown and South of Market …
SF’s downtown condo market is cratering, with units selling at cut prices Read More »
(Bloomberg) – Across Wall Street, this year’s gloomy expectations for banker bonuses are quickly proving true, as a slump in deals ends the industry’s war for talent and corporations regain the upper hand in fixing wages. Bloomberg’s Most Read JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. are all considering cutting bonus …
Wall Street’s biggest banks cut bonuses by up to 30% Read More »
A tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, October 11, one of the largest petroleum and petroleum products facilities in southern Russia . The deadline is approaching for Western allies to agree on a price cap for Russian oil. PA hide caption toggle …
What to know about the West’s new efforts to cut Russia’s oil revenues Read More »
But these are all longer-term initiatives. They don’t really have a short-term plan, and even if they did, they’re unlikely to get any significant legislation through the Democratic-controlled Senate and the former president’s veto pen. Biden. “To be honest, taming President Biden’s continuing raging inflation will be difficult,” Texas Rep. Kevin Brady, a key player …
HP Inc. today announced plans to cut up to 10% of its global workforce as it struggles to cope with a massive drop in demand for personal computers that will likely continue well into the new year. The cuts came after the company reported disappointing fourth-quarter financial results and issued a soft guidance for the …
