The key to providing all your team members with the opportunity to thrive in your organization is ensuring an equitable employee experience. In other words, you must do everything you can to ensure every employee is happy with the work environment and willing to invest whatever effort is required. But what can you do to … Read more
New York/London CNN — Microsoft (MSFT) could announce thousands of job cuts on Wednesday, according to multiple news reports, potentially becoming the latest tech company to cull its workforce as the global economy slows. Sky News, without naming sources, reported the layoffs would affect roughly 5% of the company’s workforce. Microsoft employs 221,000 people around … Read more
Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse is seeing a sharp reduction in client outflows, as the embattled Swiss lender progresses with its major strategic overhaul, new CEO Ulrich Koerner told CNBC on Wednesday. The bank … Read more
The Good Brigade | Digitalvision | Getty Images Consumers returned from the holiday season to find mortgage rates at their lowest point since September, and they are responding in dramatic fashion. Mortgage application volume jumped nearly 28% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average … Read more
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40% of ECB staff has low or no trust Two-thirds say confidence is damaged 63% worried about ECB’s ability to protect purchasing power FRANKFURT, Jan 18 (Reuters) – (This Jan. 17 story has been corrected to restore the dropped words in paragraph 11) European Central Bank staff are losing confidence in the institution’s leadership following … Read more
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BOJ keeps interest rate targets, yield band intact BOJ ramps up market operation tool, signal status quo on YCC Board raises inflation forecasts but cuts growth projections TOKYO, Jan 18 (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, including a bond yield cap it was struggling to defend, defying market expectations … Read more
Bank of Japan’s Kuroda: No need to further expand bond target band Bank of Japan’s governor Haruhiko Kuroda said in an afternoon press conference on Wednesday that there is no further need to expand its yield curve control range, according to a Reuters translation. “We don’t need to further expand the band around our yield … Read more
The Bank of Japan has defied market pressure and left its yield curve control measures unchanged, sending the yen diving and pushing stocks higher as it stuck to a core pillar of its ultra-loose monetary policy. Traders in Tokyo said the BoJ’s decision, which came after a two-day meeting, the penultimate under its longest-serving governor, … Read more
The Bahamian Securities Commission has taken custody of FTX deposits valued at more than $3.5 billion as of Nov. 12, according to a media release published late Thursday by the BSC. Shortly after FTX filed for bankruptcy, about $372 million worth of tokens were stolen from the exchange by an unknown actor thought to be … Read more
Portland General Electric’s Beaver Power Plant has been in operation since 1974. Courtesy of PGE Many Oregonians can expect higher electricity bills starting on New Year’s Day. Oregon’s utility regulator on Thursday announced approved rate increases for Portland General Electric and Pacific Power customers, citing increased costs to produce and purchase electricity. “Unfortunately, fuel cost … Read more