Meta is “refining” its distributed work model as part of its “year of efficiency”
The SNB said Wednesday that Credit Suisse is currently well capitalized but that the central bank will provide additional liquidity if necessary.
Wells Fargo, Citigroup and key regional bank stocks were among the names under pressure on Wednesday.
Virgin Orbit is furloughing nearly all its employees and pausing operations for a week as it looks for a funding lifeline.
Platinum prices are forecast to skyrocket in 2023 thanks to power cuts in South Africa, war in Ukraine and increased demand for hybrid cars.
The deal is “a much needed pressure valve amid heightened regional tensions” — but significant changes are far from guaranteed, analysts told CNBC.
Despite layoffs at tech companies, almost “every sector in the economy outside of tech” is hiring tech workers, said CEO of Seek Asia Peter Bithos.
Ratings agency Moody’s said Wednesday it maintained a “negative” outlook on China’s banking sector due to a drawn out recovery from Covid controls.
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