UBS fires employees

Source: Dukascopy Bank SA
The Swiss banking group UBS has announced a plan to reduce $10 billion in costs by firing 3,000 employees just in Switzerland.
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Thu, 31 Aug 2023 12:32:23 GMT

United States publish PCE Price Index and Unemployment Claims

The US Bureau of Economic Analysis has released the PCE Price Index data and the Department of Labor has published the weekly Unemployment Claims. In theory, the financial markets were set to react to the publications. Although, market reaction was muted.

Thu, 31 Aug 2023 14:30:04 GMT

Walmart cuts salaries

Reuters has reported that Walmart has asked nearly 16,000 pharmacists in the United States to take pay cuts via a total labour hour reduction.

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