Meta Platforms Inc. has started to execute on its latest round of layoffs, according to reports. The third round of cuts is part of a plan that Meta META Chief Executive Mark Zuckerberg announced in March in an effort to further slash costs at the social-media company. He said at…
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Citigroup Inc. announced Wednesday that it decided to pursue an initial public offering (IPO) of its “Banamex” consumer, small business and middle-market banking operations in Mexico. The banking giant said the business will keep its name Banco Nacional de México (Banamex) after the IPO, which is expected to take place…
Got a question about the mechanics of investing, how it fits into your overall financial plan and what strategies can help you make the most out of your money? You can write to me at [email protected]. Dear Fix My Portfolio, I recently read the article you wrote about a person…
That’s Nvidia Chief Executive Jensen Huang, who said he sees the potential for “enormous damage” to U.S. companies if the chip war with China escalates. He made the comments in a recent interview with the Financial Times, cautioning lawmakers to think about the implications of further Chinese trade restrictions. “If…
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It was probably going to happen anyway, but the debt-ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy spells the end of the moratorium on student-debt repayment. The White House had extended that moratorium until two months after the Supreme Court’s expected ruling on the Biden administration’s…
Risk of a banking-sector collapse, wobbly stock investments and forever changes to where and how people work after the global pandemic revealed the upside of flexible jobs are just some of the drivers impacting high-end real estate — in fact, housing markets broadly. On top of that, the inventory of…
U.S. stocks ended mixed Tuesday, as investors weighed news of a debt ceiling deal that needs to quickly pass in Congress, technology stock gains driven by the promise of artificial intelligence software, and the ongoing question of whether more interest rate hikes are coming from the Federal Reserve. How stocks…
Big U.S. banks face a challenging environment for office-space loans but the situation is expected to remain manageable for lenders over time, Citi analyst Keith Horowitz said Monday in a summary of a recent industry event hosted by the bank. Citigroup Inc.’s C 2023 Beyond the Basics conference highlighted office…