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Higher Rates Starting to Hit US Profits, Goldman Strategists Warn

Rising rates are starting to weigh on US corporate profits and if they stay higher for longer it may upend a historical trend, according to Goldman Sachs Group Inc. strategists.
Birkenstock Attracts Norwegian Wealth Fund to $1.6 Billion IPO

Birkenstock Holding Ltd. set terms for an initial public offering that could raise as much as $1.6 billion, pushing ahead with the latest major test of demand for new listings.
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Guindos Says Current ECB Rate to Help Reach Inflation Target

(Bloomberg) -- European Central Bank interest rates at their current levels will help bring euro-area inflation to the 2% target, according to Vice President Luis de Guindos.
Oil Latest: Halliburton CEO Sees Market Tightening Further

Ministers and oil industry chiefs are gathering for the biggest energy conference in the Middle East as crude heads toward $100 a barrel. Whether prices can hold at these levels and the outlook for OPEC+ supply cuts are among topics that will be discussed from Monday.
Saudi Arabia Projects a $21 Billion Deficit in 2024

Saudi Arabia has rewritten its budget forecast for next year, saying it expects a deficit instead of a surplus as it ramps up spending and tackles uncertainty in oil markets.

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