Economy of New York City

The likely sale of retail chain Kotsovolos is expected to create a new landscape in the domestic market of electrical and electronic household appliances, especially since it is its biggest player.

President Tayyip Erdogan on Friday appointed Hafize Gaye Erkan, a finance executive in the United States, to head Turkey's central bank, which is widely expected to reverse course and tighten policy after years of rate cuts and a simmering cost-of-living crisis.

Hafize Gaye Erkan, a finance executive in the United States, has become the first-ever woman to head Türkiye's Central Bank after President Recep Tayyip Erdoğan appointed her as the institution's governor on June 9.

The 17th Annual Capital Link International Shipping Forum is being held on Monday at the Metropolitan Club in New York City.

Goldman Sachs Group said the probability that the United States will enter a recession this year now stands at 35 percent, compared with 25 percent in the big investment bank's previous forecast.

The bank noted that the upwardly revised likelihood reflects "increased near-term uncertainty around the economic effects of the stress on small banks."

Greece is likely to make its 2023 market debut on Tuesday with a syndicated issue of a new 10-year bond, in the context of the front-heavy strategy by the Public Debt Management Agency, in view of the further interest rate increases expected by the European Central Bank, but also general elections, which may cause market volatility and instability.

Goldman Sachs plans to cut 3,200 jobs and could announce this as early as this week, a source close to the issue has said, confirming press reports.

A source close to the issue said there would be a maximum of 3,200 jobs eliminated-- less than the figure of 4,000 cited in the press last month - and that it could end up being slightly less.

H Volkswagen επέλεξε τις «ξένες» Goldman Sachs, Bank of America, JP Morgan και Citigroup, προκειμένου να «τρέξουν» την IPO της Porsche

Shares of Meta Platforms, Facebook’s parent company, fell sharply causing the Nasdaq index to fall too

Ο Nasdaq είχε άνοδο 1,77%