“The changes we’ve recently made are the result of the broader rate environment and consistent with the response of other lenders in the industry,” a Wells Fargo spokesman told CNBC in a statement, adding that the bank “regularly” adjusts staffing levels to align with market conditions.
“Layoffs are not yet rising—and the bar to letting people go probably is higher than in previous cycles, given how much trouble firms had rehiring people after the initial Covid shock—but that likely will change over the next couple months," says Shepherdson.Home improvement giants Home Depot and Lowe’s are sure to give an update on how the housing market downturn has impacted business when they report earnings next Tuesday and Wednesday, respectively.
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Shiba Inu’s Market Cap Slips Below $6 Billion Amid Market BloodbathShiba Inu is struggling to buck the broader bearish trend, with its value now slipping below $6 billion That's not much compared to other currencies.
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Crypto Market Liquidations Hit $300 Million in Last 12 Hours, Bull Market Canceled?$FTT and $ETH are the two biggest liquidation providers on the market today, thanks to the FTX situation
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