Credit Suisse Group AG is reducing its workforce by 5% in the fourth quarter and plans to trim its headcount even more by 2025.
Stocks climbed last week, S&P 500 jumping 4%. Index now up 9% from October 12 closing low of 3,577.03 and down 19% from its January 3 closing high.
ETFs made their debut in the ’90s as a popular security that allowed investors to have an alternative to traditional stock purchases and mutual funds.
Goldman Sachs economists said they now expect the US Federal Reserve to raise interest rates to 5%, higher than previously predicted.