Morgan Stanley VP turns into action hero on Mumbai roads, chases down thief on foot after mobile gets stolen

Latest Fed Rate Outlook Has Mixed Impact on US Stock Markets

Latest Fed Rate Outlook , Has Mixed Impact , on US Stock Markets. Business Insider reports that U.S. stocks saw mixed results as investors reacted to the latest Federal Reserve interest rate outlook. Business Insider reports that U.S. stocks saw mixed results as investors reacted to the latest Federal Reserve interest rate outlook. On January 9, San Francisco Fed President Mary Daly, along with Atlanta Fed President Raphael Bostic, said the central bank is likely to raise rates past 5%. On January 9, San Francisco Fed President Mary Daly, along with Atlanta Fed President Raphael Bostic, said the central bank is likely to raise rates past 5%. According to Business Insider, they also said the Fed is expected to keep rates raised as a means of combating record-high inflation. CME FedWatch suggests 80% odds that another 25-basis-point hike is on the way in February. Investors are also eagerly anticipating the December Consumer Price Index report due out on January 12. That report is a key inflation measure that will have an influence on the central bank's upcoming policy decisions. . At the closing bell on January 9, the S&P 500 ended the day down 0.08%, the Dow Jones Industrial Average ended down 0.34% and the Nasdaq Composite went up 0.63%. . Meanwhile, Bank of America has warned that stock valuations remain too high and the market risks dropping by as much as 30%. Meanwhile, Bank of America has warned that stock valuations remain too high and the market risks dropping by as much as 30%. Morgan Stanley has warned that the S&P 500 could slip an additional 22%. . Morgan Stanley has warned that the S&P 500 could slip an additional 22%. . However, according to Moody's economist, the chances of the U.S. avoiding a recession are growing as the number of layoffs has been below expectations.

Goldman Sachs Joins Growing Number of Top Companies to Lay Off Thousands

Goldman Sachs Joins, Growing Number of Top Companies , to Lay Off Thousands. CNN reports that sources say Goldman Sachs (GS) is getting ready to lay off up to 3,200 employees this week amid an uncertain economic and market climate. . CNN reports that sources say Goldman Sachs (GS) is getting ready to lay off up to 3,200 employees this week amid an uncertain economic and market climate. . According to one source, over a third of the layoffs are expected to be from the bank's trading and banking units. The source also said that hiring for roles in other areas is expected to continue and a new analyst role will start as planned later this year. CNN reports that GS had approximately 49,100 employees as of the end of the third quarter. . Amid the pandemic recovery, the bank added thousands of jobs as the market and investment banking surged. Efforts by the Federal Reserve to reign in skyrocketing inflation has caused companies to conserve cash amid growing fears of a global recession. Efforts by the Federal Reserve to reign in skyrocketing inflation has caused companies to conserve cash amid growing fears of a global recession. As a result, GS saw its revenue drop 12% during the third quarter of 2022. . CNN reports that revenue for investment banking has plummeted 57% compared to 2021. The reported layoffs come as other banks and top companies brace for what is expected to be a chaotic year. Earlier this month, Amazon announced plans to lay off over 18,000 employees. Meanwhile, Morgan Stanley have also started layoffs amid an uncertain business environment.