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SPX
Apr 11, 2023 - Swedish pension fund Alecta has fired CEO Magnus Billing after experiencing significant losses from investments in several US banks, leading to damage to trust in the company's asset management.
SPX
Apr 11, 2023 - The US jobs report was released on a holiday Friday, and investors are closely analyzing the details of the report as the labor market remains resilient but the economy is cooling.
SPX
Apr 10, 2023 - The downturn in the US commercial real estate market is causing concern for investors and regulators alike, with falling values of properties such as offices potentially creating ripple effects and adding to the pain for banks.
SPX
Apr 10, 2023 - A surprise production cut from OPEC+ oil producers, including Saudi Arabia, may complicate the Federal Reserve's mission to combat inflation and potentially worsen it.
SPX
Apr 10, 2023 - Tesla is building a Megapack battery factory in Shanghai, China, to supplement its California factory, as it looks to increase its investment in China amid growing political tension between Beijing and Washington.
SPX
Apr 10, 2023 - Short sellers made over $7 billion in profit from the mass sell-off of bank shares in March, the largest gain since the 2008 financial crisis.
SPX
Apr 10, 2023 - The CEO of MarketAxess believes that there are signs of an impending influx of Treasury ETFs.
SPX
Apr 10, 2023 - Investors' previous welcoming signs of a slowing economy may no longer mean good news for the stock market due to fears of a potential recession.
SPX
Apr 10, 2023 - With the Fed's decisions about interest rates affecting lending, bank credit has been stagnant since January and with a falling year-on-year growth rate, concerns are rising about a credit crunch.
SPX
Apr 10, 2023 - Sunday Natural, an online vitamin and food supplement retailer, is considering a sale that could value the company between 600 million and 800 million euros.
SPX
Apr 10, 2023 - US employers added just 236,000 jobs in March, below economists’ expectations and indicating the labor market is cooling amid the Federal Reserve’s yearlong rate-hiking campaign to chill inflation.
SPX
Apr 10, 2023 - Samsung Electronics plans to cut its chip production in response to a worse-than-expected 96% drop in quarterly operating profit.
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