Jennifer Sor
Jennifer Sor
Writer; bylines @businessinsider @sfchronicle 🐚 🌟🌿🌺🦚Source
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Meet the doomsayers waiting for the economy to crash

Meet the doomsayers waiting for the economy to crash

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May 11
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US stocks close mixed as investors try to solidify big November gains

US stocks close mixed as investors try to solidify big November gains

Jump toMain contentSearchAccountJennifer SorNEW LOOKSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThanks for signing up!Access your favorite topics in a personalized feed while you're on the go.AdvertisementUS stocks ended mixed on Wednesday as investors parsed upbeat economic data and adjusted their outlook for interest rates on the back of the latest comments from Federal Reserve officials this week. Investors are looking to keep the November rally going in the final days of the month, hoping to power the...

Nov 29
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Oil prices could shoot up to $100 a barrel amid a barrage of supply disruption risks in 2024, Goldman Sachs says

Oil prices could shoot up to $100 a barrel amid a barrage of supply disruption risks in 2024, Goldman Sachs says

Jump toMain contentSearchAccountJennifer SorNEW LOOKSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThanks for signing up!Access your favorite topics in a personalized feed while you're on the go.AdvertisementOil prices could have more to climb, with crude potentially rising as high as $100 a barrel next year, Goldman Sachs warned.The bank recently predicted that oil could trade within the range of $70-$100 in 2024, citing supply disruptions risks that lie ahead next year. The upper end of that range could imply as...

Nov 30
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The economy just won't slow down, and it's the worst possible outcome for markets right now

The economy just won't slow down, and it's the worst possible outcome for markets right now

Jump toMain contentSearchAccountJennifer SorNEW LOOKSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThanks for signing up!Access your favorite topics in a personalized feed while you're on the go.AdvertisementAdvertisementThe US economy is still burning hot – and it's the worst possible thing for markets to take in right now.The labor market grew faster than expected in September, with the economy adding an eye-popping 336,000 jobs, the Bureau of Labor Statistics reported on Friday. That's nearly double the 170,000...

October 6, 2023
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Citi shakeup: The banking giant is planning layoffs and a huge overhaul

Citi shakeup: The banking giant is planning layoffs and a huge overhaul

Citigroup is planning a huge overhaul of its business that will involve layoffs, representing one of the biggest organizational shakeups that the bank has seen in about two decades. The bank, which previously had three regional chiefs overseeing its business globally, will be now be divided into five businesses, Citi said in a statement on Wednesday. Those will include units focused on services, trading, personal banking, banking, and wealth management. Additionally, leaders of the business units will report directly to Citigroup CEO Jane Fraser in a move that's intended to speed up...

September 13, 2023
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