Societe Generale returns to profit, but comes under pressure in its home market
The bank’s net income of 900 million euros ($983.6 million) was more than analysts expected, and a lot higher than the second quarter of 2022.
Bill Ackman says he’s shorting 30-year Treasury bills, and yields could hit 5.5% ‘soon’
Billionaire investor Bill Ackman says bond market may reprice the long end of the curve “in a matter of weeks.”
SocGen beats second quarter estimates on cost control, car leasing unit
SocGen reported a 900 million-euro group net income for the three months-period ending in June, above the average analyst estimate of 670 million euros.
Rice markets could face further turmoil as Thailand urges farmers to plant less rice
Thailand, the world’s second largest exporter of rice, is encouraging its farmers to plant less of the crop in order to save water amid low rainfall.
Geopolitical risks are a top global threat to businesses, survey finds
“Geopolitical tensions are now the main focus of concern, both in the near term and the medium term,” the survey said.
Food delivery apps Grab and Foodpanda expand into dine-in services as explosive growth stalls
Food delivery apps Grab and Foodpanda are offering dine-in features as consumers resume their normal daily routines and go out and dine in more frequently.
With record youth unemployment, China’s jobs market is getting tougher for new graduates to crack
Most young people are ultimately getting jobs, but ones that might not pay the best or match their area of study, according to CNBC interviews.
Burned by the European heat, travelers are seeking new destinations this summer
Summer travel interest is shifting as European travelers seek cooler weather in parts of Scandinavia, Scotland, Latvia, Estonia and northern Spain.
Downside protection costs are at a 15-year low. Here’s how to hedge
Bank of America named a “cheap” options trade that will benefit investors if the S&P 500 falls by 10% over the next 12 months.
‘Realistic, not frothy’: Investor says S&P 500 will hit 5,000, names stocks to buy in that scenario
Barring “unforeseen or unforeseeable” events, the market will continue to “waft upward,” says George Ball of Sanders Morris Harris.
