Wall Street is once again aflutter with talk of impending job cuts. But jittery traders may have a few months more grace before the knives come out. With trading revenue falling, the pressure is growing for investment banks to lay off staff. But executives are still debating whether the current slump is a blip. Nobody wants to slash ranks right before a turnaround. The summer could be safer than many think.
The Great Debate UK
from The Great Debate:
China investors should care about three major numbers this year: 8 percent economic growth, its 4 trillion yuan ($586 billion) stimulus package, and the 10 industries revitalization plan.