What We're Reading: Page 66
Industry reads hand-picked by our editors
Dec 21, 2023
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CNBC
Citigroup to close global distressed-debt business as part of CEO Jane Fraser’s overhaul
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The Washington Post
Rite Aid used facial recognition on shoppers, fueling harassment, FTC says
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Bloomberg
Red Sea Chaos Risks Driving Up Price of Goods for Global Economy
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The Wall Street Journal
Powell’s Pivot Sows Confusion Over When and How Fast Fed Will Cut
Dec 20, 2023
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CNBC
Target blamed theft and violence for 9 store closures. Crime is higher at locations it kept open nearby
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The Wall Street Journal
Fed Official Says Rate Cuts Could Be Needed Next Year to Prevent Overtightening
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Bloomberg
Americans Over 70 Hold More Than 30% of the Country’s Wealth
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The New York Times
Red Sea Attacks Pose Another Threat to Global Economy
Dec 19, 2023
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Bloomberg
Dealmakers Unveil $40 Billion M&A Flurry in Year’s Last Hurrah
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Reuters
Adobe shelves $20 bln Figma deal after hitting regulatory roadblocks
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The New York Times
Lina Khan’s F.T.C. Secures a Big Win
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The Wall Street Journal
Retailers Enlist AI in Fight Against Returns
Dec 18, 2023
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The Wall Street Journal
U.S. Business Activity Expands at Fastest Pace in Five Months, PMI Data Suggest
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Reuters
Exclusive: Fed’s Bostic sees two rate cuts, soft landing next year
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Bloomberg
Appetite for Dollar Slumps to Lowest Since 2020 After Fed Pivot
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CNBC
GM to lay off 1,300 Michigan workers as vehicles end production
Dec 15, 2023
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The Wall Street Journal
Nelson Peltz to Nominate Himself, Former Disney CFO Jay Rasulo to Disney’s Board
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Bloomberg
Yellen Says US Will Examine AI’s Risks to Financial Stability
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Reuters
Biden administration to impose inflation penalties on dozens of drugmakers
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The New York Times
Is Jerome Powell’s Fed Pulling Off a Soft Landing?
Dec 14, 2023
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The Wall Street Journal
Yellen Says U.S. Economy on Path to Soft Landing
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Bloomberg
Dollar Drops Most in a Month as Fed Weighs 2024 Rate Cuts
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Reuters
Citigroup to pay bonuses for most of 2023 to workers laid off in reorganization -source
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The New York Times
BP Takes Tough Line With Former C.E.O. Over Relationships With Colleagues
Dec 13, 2023
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CNBC
Hasbro laying off 1,100 workers as weak toy sales persist into holiday season
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The New York Times
Microsoft Agrees to Remain Neutral in Union Campaigns
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Bloomberg
US Looking Into Nvidia’s AI Chips for China, Raimondo Says
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The Wall Street Journal
The Big Wins by Unions in 2023
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