The Fed vs Inflation
Wall Street heavyweights hesitant about cuts
Inflationary pressure persists and it is not certain that the Fed will lower interest rates twice more this year. This is what several top managers on Wall Street say during a panel discussion with CNBC.
According to Goldman Sachs CEO David Solomon, inflation has proven to be more stubborn than many expected, and Morgan Stanley CEO Ted Pick pointed out that the era of zero interest rates and "free money" is over.
- Interest rates will be higher and face global resistance.
Apollo CEO Marc Rowan also questioned the need for interest rate cuts and highlighted US fiscal policy measures that have strengthened the economy.
- We have sharply raised the interest rates. Nevertheless, the stock market is at a record level, unemployment is non-existent and the capital market is booming – and we are stimulating the economy, he says.
Wall Street heavyweights hesitant about cuts
Inflationary pressure persists and it is not certain that the Fed will lower interest rates twice more this year. This is what several top managers on Wall Street say during a panel discussion with CNBC.
According to Goldman Sachs CEO David Solomon, inflation has proven to be more stubborn than many expected, and Morgan Stanley CEO Ted Pick pointed out that the era of zero interest rates and "free money" is over.
- Interest rates will be higher and face global resistance.
Apollo CEO Marc Rowan also questioned the need for interest rate cuts and highlighted US fiscal policy measures that have strengthened the economy.
- We have sharply raised the interest rates. Nevertheless, the stock market is at a record level, unemployment is non-existent and the capital market is booming – and we are stimulating the economy, he says.
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The floods in Spain
Sánchez promises 120 billion in crisis support after the disaster
Spanish Prime Minister Pedro Sánchez has presented a crisis package of 10.6 billion euros, equivalent to 120 billion kroner, after the extensive floods in the country, several media write.
At the same time, he promises that the government will assist the regional government with funds to rebuild destroyed towns and villages in the Valencia area.
- Wedge changes kill. That is what we are seeing now, he told reporters according to the Financial Times.
The death toll now stands at 217 people.
TT writes that nearly 15 000 people from the military and the police have been deployed in the disaster areas - a doubling since this weekend.
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The future of defence
Sources: Colombia buys Saab's Jas Gripen
Colombia has decided to buy Saab's Jas Gripen, according to information to Ekot.
The radio's Latin America correspondent Lotten Collin says that the news is expected to be released this week. Colombia is said to have chosen between buying planes from France, the United States and Sweden.
- Colombia currently has Israeli planes that are old, they have 42 years behind them, says Lotten Collin.
Saab's share rises after the announcement and is up close to 3 percent at 3:10 p.m.
Sources: Colombia buys Saab's Jas Gripen
Colombia has decided to buy Saab's Jas Gripen, according to information to Ekot.
The radio's Latin America correspondent Lotten Collin says that the news is expected to be released this week. Colombia is said to have chosen between buying planes from France, the United States and Sweden.
- Colombia currently has Israeli planes that are old, they have 42 years behind them, says Lotten Collin.
Saab's share rises after the announcement and is up close to 3 percent at 3:10 p.m.
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Tech
Meta is fined 150 million in South Korea
Meta is fined the equivalent of SEK 150 million in South Korea for illegally collecting sensitive information about Facebook users, including information about political opinions and sexual orientation. The information is said to have been shared with thousands of advertisers. This is reported by AP.
The fine comes after a four-year review by the privacy body South Korea's Personal Information Protection Commission.
Facebook is said to have collected information through analyzes of the pages Facebook users liked and the ads they clicked on
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The floods in Spain
Sánchez promises 120 billion in crisis support after the disaster
Spanish Prime Minister Pedro Sánchez has presented a crisis package of 10.6 billion euros, equivalent to 120 billion kroner, after the extensive floods in the country, several media write.
At the same time, he promises that the government will assist the regional government with funds to rebuild destroyed towns and villages in the Valencia area.
- Wedge changes kill. That is what we are seeing now, he told reporters according to the Financial Times.
The death toll now stands at 217 people.
TT writes that nearly 15 000 people from the military and the police have been deployed in the disaster areas - a doubling since this weekend.
..................................
Redundancies at Telia begin today: "Tough period"
In September, Telia's new CEO Patrik Hofbauer announced that 3,000 people will be fired when the company is to save 2.6 billion per year.
The process of informing those affected will begin on Tuesday, confirms communications manager Tobias Gyhlénius for DI.
- It is a tough period for everyone at Telia and of course above all for those who are reached by a negative message, he says.
The new organization is supposed to be in place on December 1, which means that many will be made redundant.
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