The last time the company projected a decline in revenue was in 2009 in the aftermath of the bursting of the housing bubble and financial crisis
Traders are betting on a roughly 70% probability the Federal Reserve will raise its key overnight interest rate in May by 0.25 percentage points
The pharmacy giant also booked a $306-million pre-tax charge for opioid claims and some costs tied to cost cutting and an acquisition
Investors have been hunting for what banks could be next to fall as the system creaks under the pressure of much higher interest rates
The Fed can either keep hiking interest rates to drive down inflation, or it can ease off the increases given the pain it’s already caused for banks
Credit Suisse has been fighting troubles for years, including losses it took from the 2021 collapse of investment firm Archegos Capital
Stocks are coming off a sharp drop the prior day after the head of the Federal Reserve warned it could speed up its hikes to interest rates if pressure on inflation stays high
The stock market has found some footing over the last week after a roller-coaster start to the year where a swift rise gave way to a sharp tumble
The S&P 500 was 1.2% lower in midday trading and on track to make its third straight weekly loss its worst since early December
Home Depot fell to one of the market’s larger losses after giving financial forecasts that fell short of expectations
The S&P 500 was 1.1% higher ahead of Tuesday’s report on whether figures are continuing to cool or perhaps setting the market up for worse pain
/cloudfront-eu-central-1.images.arcpublishing.com/prisa/ONVAWA2X4J6ANLF7XQ6VT4F2YQ.jpg)
The main US indexes declined after positive unemployment figures were announced on Friday. Is the sector just inherently evil?
