UBS to cut more than half of Credit Suisse workforce - Bloomberg News

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Bankers, traders, support staff in Credit Suisse's investment bank in London, New York, and in some parts of Asia are expected to bear the brunt

Despite the AI-fueled market boom, investors remain cautious, preparing for a potential recession. David Lebovitz, J.P. Morgan Asset Management Market Insights Managing Director, discusses how the Fed's continued fight against inflation is impacting preparation for a potential market downturn.Electric vehicle demand soars across markets, but some automakers still face some hurdles.

CALGARY — A cybersecurity expert says a systems breach at Suncor Energy Inc. will likely cost the company millions of dollars before the issue is resolved. Jon Ferguson of the Canadian Internet Registration Authority says the type and scale of the cyberattack currently affecting the Calgary-based oil and gas company remains unknown. Suncor confirmed the attack Sunday, but has declined to comment further.

 

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