Shares in Goldman Sachs fell 2 . The catalyst was moodys, downgrading the Credit Rating on several small and medium sized us banks, including mnt bank and pinnacle financial. The red flags raised by the Ratings Agency included a potential recession, as well as problems tied to the commercial real estate sector. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time, americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft, which reported results after the us market closed. Uber s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in ridesharing. Meanwhile, Electric Vehicle maker rivium posted a narrower lost than expeted and raised its Production Guidance for the full year. Meanwhile, Nin
tonight with the context, ron christie former adviser to george w bush and ayesha hazarika journalist and former labour adviser. welcome to the programme. it s the first day of the new us congress and it s already one full of drama. the new us congress and it s after the swearing in of the new members, the new house of representatives is stuck at the very first hurdle, choosing a new speaker of the house. we ve already had rounds of votes. the latest kevin mccarthy received. short of the 218 majority. this is the scene live in the house now another round of voting is under way. nothing can go ahead until a new speaker is elected, so this could go on for hours or perhaps even days until someone is chosen. we ll go live to our correspondent will grant on capitol hill for us in a moment. but first, let s rewind back to the days and weeks before the midterm elections. all the polls pointed to a resounding republican victory in the house, a red wave that would have meant today w
been hovering around 4%, therefore offsetting the nominal wage growth. in this dampens of course consumer s appetite to spend more. so dampens of course consumer s appetite to spend more. 50 it appetite to spend more. so it needs to happen appetite to spend more. so it needs to happen here? - appetite to spend more. so it needs to happen here? because japanese companies are exactly used two racing salaries, will they raise salaries further or will the government do something to try and prop up the consumer sentiment? we are seeinu a the consumer sentiment? we are seeing a little the consumer sentiment? we are seeing a little bit the consumer sentiment? we are seeing a little bit of the consumer sentiment? we are seeing a little bit of a the consumer sentiment? we are seeing a little bit of a sea - seeing a little bit of a sea change in mortality injapan, so what s pushing for the wage increases the cost increase, and also the labour shortage. 0ver and also the labour shortage
The start of the new year marks the start of new employment opportunities for many people, with many new and exciting challenges. But one of these challenges shouldn’t be joining.
The start of the new year marks the start of new employment opportunities for many people, with many new and exciting challenges. But one of these challenges shouldn’t be joining.