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(Bloomberg) -- The seemingly unstoppable stock market rally is wobbling as it confronts a horde of challenges to the momentum that’s taken it from record high to record high.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusHow Americans Voted Their Way Into a Housing CrisisRome May Start Charging Entry to the Trevi FountainA rout early

Volkswagen's CEO, who is pushing for unprecedented cutbacks in the German carmaker's home market, said change was needed because the European market is shrinking while competition is increasing. Speaking in an interview in Sunday paper Bild am Sonntag, Volkswagen CEO Oliver Blume said "the pie has become smaller, and we have more guests at the table". Volkswagen said on Monday it was considering taking the unprecedented step of closing factories in Germany and ending job guarantees at six of its plants in a drive to deepen a 10 billion euro ($11 billion) cost-cutting plan.

(Bloomberg) -- The Bank of England is about to grapple with one of the thorniest decisions since it began unwinding crisis-era stimulus in 2022 as it confronts a year of unusually high bond redemptions.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to the Trevi FountainMadrid to Ban E-Scooter Rentals, Fol