The Italian club, which for ten years has been struggling in an almost perpetual state of financial asphyxiation, announced this morning a new capital increase. The stock fell as a result, losing 8.3% at mid-session. How far away the stock market rally of five years ago — when Portuguese star striker Ronaldo joined the team … Read more
Deutsche Telekom wants to cut costs and cut jobs BONN – Deutsche Telekom wants to continue cutting jobs. The total number of jobs affected is not yet clear, a Deutsche Telekom spokesperson said on Saturday. The “Handelsblatt” had previously reported. The company confirmed that 1,300 of the 5,400 positions at in-house IT service provider Telekom … Read more
NEW YORK (Agefi-Dow Jones)–Real estate loan rates broke a new 23-year record this week in the United States following tensions observed in the bond market. The average fixed rate for 30-year home loans stood at 7.49% this week, compared to 7.31% last week, according to the American mortgage credit organization Freddie Mac. Soaring borrowing costs … Read more
Following a stable close at 6,997 points, the Paris Stock Exchange should open slightly higher this Thursday, in view of futures on the CAC40 increasing by around 0.2%, in the wake of a clear rebound on Wall Street the evening before. American stock indices have in fact made significant gains, after the announcement of meager … Read more
After a decline of 2.1% in July, orders to American industry increased by 1.2% in August, according to figures published by the Department of Commerce. For their part, deliveries by American industry increased for the 4th consecutive month, at +1.3% in August. Finally, as inventories increased by 0.3%, the inventory-to-delivery ratio fell slightly, from 1.47 … Read more
The private sector in the United States generated only 89,000 new jobs in the month of September, its lowest rate since January 2021, according to the monthly survey published this Wednesday by the ADP firm. This specialist in the outsourcing of human resources management specifies that large establishments were at the origin of this slowdown, … Read more
WASHINGTON, Oct 2 (Reuters) – U.S. President Joe Biden’s administration’s plan to raise fuel economy standards by 2032 would cost General Motors $6.5 billion and Stellantis a fine of $3 billion, according to a letter seen by Reuters. The U.S. Automotive Policy Council, which represents GM and Stellantis as well as Ford, said in a … Read more
Washington (awp/afp) – The American Federal Reserve (Fed) should keep its rates at a high level for a while to ensure that inflation has returned to the 2% objective, Michael said on Monday Barr, one of the leaders of the institution. “The most important question now is not whether or not we need to raise … Read more
The United States manufacturing sector is seeing its decline slow down, according to the S&P Global PMI index which ultimately rose to 49.8 in September (revised from a flash estimate of 48.9), after 47.9 in September. last month. This favorable trend also seems to be confirmed by the ISM manufacturing index (calculated by the Institute … Read more
New York (awp/afp) – American crude oil stocks contracted last week by more significant amounts than expected, according to figures published Wednesday by the American Energy Information Administration (EIA). ), giving an extra boost to the courses. During the week ending September 22, commercial reserves fell by 2.2 million barrels, according to the EIA report, … Read more