A big disconnect between financial markets and central banks has just got deeper, with traders ramping up their bets on interest rate cuts in the United States and Europe as evidence grows that inflationary pressures are fast abating.
Ford CFO John Lawler says the automaker must “work on driving productivity and efficiencies” to lower the cost and hours to produce vehicles. The company restored financial guidance Thursday, saying profits would come in lower than earlier projections due to rising labor costs.
OECD Sees a Deepening Slowdown in Advanced Economies
The latest forecast from the OECD shows the slowdown for the world’s advanced economies deepening in 2024 with global gross domestic product expected to expand only 2.7% next year after an already weak 2.9% in 2023. OECD Chief Economist Clare Lombardelli explains the results.
Reddit Tops the List of Potential 2024 IPO Candidates
Reddit Inc. is reportedly exploring an initial public offering for the social media company as soon as the first quarter of 2024, while Kim Kardashian’s Skims is also weighing options, including an IPO. Dasha Afanasieva reports on Bloomberg Television.