Workday shares dropped more than 12% before the bell on Friday, after the human resources software provider pared back its annual subscription revenue forecast as economic uncertainty and slower hiring hurt demand for its payroll services.
Citigroup , HSBC Holdings and Barclays are ordering more staffers to report to company offices five days a week, Bloomberg News reported late on Thursday.
The Republican-led U.S. House of Representatives Agriculture Committee passed its version of a $1.5 trillion farm spending bill late Thursday night with few Democratic votes, prolonging a standoff between the parties over key nutrition, agriculture, and climate policies.
Investors are bracing for a flood of U.S. government debt issuance that over time could dwarf an expected rally in bonds, as they see no end in sight for large fiscal deficits ahead of this year’s presidential election.
In nearly 40 years working for and helping lead the Federal Reserve, Cleveland Fed President Loretta Mester was part of a revolution that saw the U.S. central bank offer ever more detailed and plentiful commentary on the economy and monetary policy.
The implementation of the second pillar of the global minimum tax deal is Germany’s priority and further ideas should not be discussed until there is an agreement on the first pillar, German Finance Minister Christian Lindner said on Friday.
Exiled Chinese businessman Miles Guo’s fraud trial is expected to kick off on Friday in Manhattan with an opening statement from prosecutors, who say he conned investors and customers out of more than $1 billion through a fraudulent business empire.
Tesla has cut output of its best-selling Model Y electric car by a double-digit percentage number at its Shanghai plant since March, according to industry data and a source.
U.S. stock index futures rose on Friday, rebounding after Wall Street closed lower in the previous session on signs of persistent inflation that rekindled monetary policy caution ahead of a long weekend.
