U.S. stocks meander after sharp drop on economic concerns

U.S. stocks meander after sharp drop on economic concerns

U.S. stocks meandered Friday, ending a punishing week mixed after tumbling the prior day on fears that economic activity would be curtailed by interest rate hikes to cool inflation. After turning tail on Thursday, benchmark indexes fell in afternoon trading, with the Dow Jones Industrial Average dipping 38 points, or 0.1%, to close at 28,889.

CFOs optimistic, but hiring shortages, inflation, return to work fan economy concerns

CFOs optimistic, but hiring shortages, inflation, return to work fan economy concerns

Executive optimism about the U.S. economy is soaring, according to new data from Deloitte, fueled by vaccine rollouts that are bolstering the recovery and helping to ease workplace restrictions. However, concerns about hiring and surging prices are bubbling beneath the surface, the survey revealed. Deloitte’s second quarter CFO Signals survey, which took over 100 of

Covid, Cyber, Compliance and ESG Top Risk Concerns for Financial Services Sector: Allianz

Covid, Cyber, Compliance and ESG Top Risk Concerns for Financial Services Sector: Allianz

New AGCS report identifies key risks and loss trends for the financial services sector. Covid-19 may drive market corrections and insolvencies – which could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. AGCS analysis of $1bn of insurance industry claims show cyber incidents, including crime, is the top cause of