Citigroup has started their purging of manager jobs as they start the reorganization. Now The Guardian is reporting that Lloyds is looking to shed 2,500 jobs in their own shakeup. Job cuts beget job cuts. Banks and financial institutions tend to march to the same drum when they hire (the competition for deals is intense)
Media reports that SpaceX plans to sell shares next month at US$150bn valuation Elon Musk’s company SpaceX planning to sell shares next month planning to launch a tender offer in December the company’s satellite-launching Starlink unit has reportedly struggled to meet profit goals despite rampant growth — is Info comes via the New York Post,
The report says that the price outlook for the fiscal year 2023 is being considered to be revised higher to closer to 3%. Meanwhile, the Japanese central bank is said to discuss raising the price outlook for the fiscal year 2024 to 2% or above but to keep the outlook for the fiscal year 2025
