Deutsche Bank Set to Slash Equities, Fixed-Income Jobs
Deutsche Bank AG plans to cut as much as 17% of its equities staff and 6% of its fixed-income staff globally, with notices planned for many employees next week, according to people familiar with the matter. The cuts, details of which haven’t been reported, are aimed at bringing the number of people working in the bank’s trading unit in line with a narrower array of products on offer, and reflect disappointing performance,...>> view originalUber CEO to Leave Trump Advisory Council After Criticism
On Thursday, Mr. Kalanick gave his answer, stepping down from Mr. Trump’s economic advisory council. “There are many ways we will continue to advocate for just change on immigration, but staying on the council was going to get in the way of that,” Mr. Kalanick wrote in an email to employees obtained by The New York Times. Mr. Kalanick’s exit from the advisory council underscores the tricky calculus facing many Silicon Valley corporate chieftains who try to work with the new administration. On o..>> view originalAmazon sinks as revenue misses, guidance disappoints
That's up from the comparable year-ago figures of $1 per share on $35.75 billion in sales. The online retail technology company reported fourth-quarter earnings that beat analysts' expectations on Thursday, but revenue that fell short of estimates. It also gave future guidance that was below the average estimate. Shares dropped more than 4 percent after hours. The free-spending company has invested heavily in new projects and infrastructure to meet ballooning demand as more shoppin..>> view originalChipotle tries hard to rebound from food safety debacle, but Trump's Mexico tariff could halt recovery
If you haven’t noticed, there’s been a lot of press coverage in recent days about guacamole, and it’s not just because of the many Super Bowl parties that will be taking place across the nation this weekend. With President Donald Trump threatening to slap a 20 percent tariff on all Mexican imports to pay for a wall along the U.S.-Mexico border, the avocado has come to represent what would happen if the U.S. taxed hundreds of billions of dollars’ worth of Mexican goods U.S. consumers purchase ev..>> view originalWhat to Expect in the Monthly Jobs Report
Photo Construction of the new Tappan Zee Bridge in Tarrytown, N.Y. Analysts expected the first month of 2017 to have better results than December, when the economy gained 156,000 jobs. Credit Fred R. Conrad for The New York Times At 8:30 a.m. Eastern time, the Labor Department will issue its report on hiring and unemployment in January.Analysts are expecting the first month of 2017 to have better results than December, when the economy gained 156,000 jobs. The consensus..>> view originalSnap CEO Will Get Paid as Much as Mark Zuckerberg After His IPO
The founder of Snapchat is about to pull a Mark Zuckerberg move.Evan Spiegel, CEO of Snap Inc., will follow in the Facebook (fb) CEO's footsteps in more ways than one when Snapchat's parent company goes public, expected to happen next month.Snap at long last filed Thursday for a $3 billion initial public offering that could value the photo and video messaging company at as much as $25 billion, the biggest valuation in a U.S. tech IPO since Facebook.But the Snap filing also shows how closely Spie..>> view originalNordstrom drops Ivanka Trump-branded clothing and shoes
Nordstrom will stop selling Ivanka Trump’s name-branded line of clothing and shoes, a company representative said Thursday. The change followed a weeks-long boycott campaign, organized by an anti-Trump activist group called “Grab Your Wallet.” The group demanded the department-store giant cease doing business with the president or his family. In a statement, the Nordstrom representative said that Ivanka Trump products were being dropped because of poor sales. Its statement did not mention the g..>> view originalObamacare repeal: House conservatives demand vote
House Republicans floated legislation Thursday to start replacing Obamacare bit by bit, but some vocal conservatives said the GOP needs to speed the whole process up, saying they promised voters during last year’s campaign a quick vote on repealing the health law.They said Congress already approved a repeal once, in 2015, only to see if vetoed by President Obama. The fastest way to show voters the GOP means business is to pass that same bill now, and send it to President Trump, the conservatives..>> view originalScam Alert: Four Ways To Avoid The Nastiest Tax Swindles
Tax scamsters are out in force now. It's prime time for them. There are a number of things you can do to protect yourself. The most prevalent swindles involve stealing your personal information. When they get a hold of your Social Security or bank account information, they can file false returns and even open up credit cards in your name. How do swindlers get your information? They can often get what they want through "phishing," which are emails that ask you to send them personal identifying in..>> view originalTrump to take steps rolling back financial regulations
Trump's executive moves won't have an immediate effect on Wall Street oversight. But they're likely to draw sharp criticism from Democrats and reform proponents who say the regulations that the President is looking to scrap could prevent another meltdown.In two executive actions, Trump plans to direct his administration to evaluate regulatory action taken by his predecessor, Barack Obama, with an eye toward eliminating what his advisers say are burdensome rules on financial services firms and co..>> view original
Sunday, March 5, 2017
Deutsche Bank Set to Slash Equities, Fixed-Income Jobs and other top stories.
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