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(Bloomberg) -- UBS Group AG is looking at enacting job cuts in France in response to the country’s deteriorating economic outlook and the ongoing combination with Credit Suisse.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on Senegal“Due to a less f

Russia's central bank has left its benchmark interest rate at a record 21%, holding off on further increases despite high consumer inflation fueled by the Kremlin's war against Ukraine. Central Bank of Russia Gov. Elvira Nabiullina said that lending to companies had tightened more than expected due to the October rate hike that brought the benchmark to its current record level. The central bank held open the possibility of an increase at its next meeting and said inflation was expected to fall to an annual 4% next year from its current 9.5%.

Reverse stock splits offer an immediate - if artificial - benefit to companies struggling with low stock prices. But they rarely work out long term. The post Reverse stock splits: Often a path to oblivion appeared first on FreightWaves.

"The uncertainty about policy makes it particularly hard to make estimates of what the neutral rate is and what the inflation rate is in particular," Goolsbee told CNBC. With the policy rate well above its eventual stopping point of around 3%, Goolsbee said, dropping inflation means the Fed will need to bring it down "a fair bit" over the next 12 to 18 months. Projections released this week after the Fed cut its policy rate by a quarter of a percentage point to the 4.25%-4.50% range show most U.S. central bankers see just 50 basis points of cuts next year.

(Bloomberg) -- Federal Reserve Bank of Cleveland President Beth Hammack, in explaining her dissenting vote at this week’s central bank meeting, said interest rates should be held steady until there’s more progress in cooling inflation.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Pl

Hawk Tuah girl broke days of silence to say she wants to hold those responsible to account.

(Bloomberg) -- Federal Reserve Bank of Chicago President Austan Goolsbee said he adjusted his outlook for interest rates a little higher for 2025 but added he still expects borrowing costs to fall a “fair bit more” over the next 12 to 18 months. Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air