Banks Brace for More Consumers to Fall Behind on Their Loans
Delinquencies are rising, in some cases surpassing prepandemic levels, prompting banks to add to their rainy-day funds. Source link
What CEOs Are Saying: ‘The Consumer Is Under Pressure’: WSJ
Here’s what leaders from Nasdaq, Microsoft, Tesla and elsewhere said about the economy, inflation and other topics this week. Source link
Corporate Layoffs Spread Beyond High-Growth Tech Giants: WSJ
Dow, IBM and SAP say they will lay off thousands of workers as belt-tightening becomes the new business priority. Source link
China’s Reopening Complicates Global Fight Against Inflation: WSJ
Stronger Chinese economy will boost demand for commodities but could ease supply-chain bottlenecks, sending mixed signals for central bankers… Source link
Crypto Banks Borrow Billions From Home-Loan Banks to Plug Shortfalls
MarketsCurrenciesCryptocurrencySignature and Silvergate turn to government-chartered lenders after customer withdrawals surge Source link
Big Banks Might Face Breakup, Top Regulator Says
PoliticsActing Comptroller of the Currency says size and complexity can make banks too big to manage Source link
At Davos, Mood Is Somber as Many CEOs Question Economic Outlook
BusinessBusiness leaders at the World Economic Forum also see signs of hope: ‘There are all kinds of shoes that could have dropped’ Source link
Workers Lose Ground to Inflation Despite Big Wage Gains
EconomyRecent data suggest a shift is under way, with paycheck totals gaining as inflation recedes Source link
BlackRock Profit Falls 23%: WSJ
The money-management firm’s assets under management increased to $8.6 trillion after three quarters of declines. Source link
Beer Sales Drop as Consumers Balk at Higher Prices
BusinessU.S. demand for beer fell at the end of last year after a strong run of defying inflation Source link