BANKING
Goldman Sachs Posts Worst EPS in a Decade
As many major banks are going through large volumes of layoffs, last week, Goldman Sachs posted its worse EPS in a decade. With declines in asset management and investment banking revenue, losses from their consumer business and poor cost management, it has hit their earnings hard.
ECONOMY
Canadian Inflation Slows
As inflation begins to slow in the US, Canada is not too far behind as inflation begins slowing down to 6.3% in December 2022 as the Bank of Canada raises interest rates for an 8th time since March of 2022.
ECONOMY
UK Inflation Slows
Fortunately, in addition to the US and Canada, it looks like the UK is starting to see a slowdown in inflation, falling to 10.5% in December 2022, despite food prices still soaring.
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