According to survey biggest banks shifted ahead of last month's Fed meeting toward predicting U.S. central bank would end its balance sheet reduction.
In 2023, companies planned 721,677 job cuts, 98% jump from 2022, according to report from outplacement firm Challenger, Gray, and Christmas.
Wall Street’s expectations that Fed will cut interest rates as early as March are premature, according to DoubleLine Capital’s Jeffrey Sherman.
Mark Zuckerberg, the CEO of Meta Platforms, the parent company of Facebook, recently liquidated nearly half a billion dollars of Meta stock.