Thu, Feb 8, 2024 10:03 PM
NYCB gets third credit downgrade as CRE exposure worries spill to Europe
A Flip by Shubhangi Gupta
The Indian stock markets created a record of sorts when the T+0 settlement cycle was launched around eight months back as it became the only leading market globally with such a short settlement mechanism in the markets. While the launch was a milestone event, the optional shorter settlement cycle has seen a subdued response from the market and there is hardly any traction.
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Kohl's shares are falling in premarket trading after the department store chain said that CEO Tom Kingsbury is stepping down after less than two years running the struggling retailer. Kingsbury will leave his post on Jan. 15 and be replaced by Ashley Buchanan, CEO of The Michaels Companies. Kohl's has been struggling with falling sales and its shares are down by almost a third this year.
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Hyundai Connected Mobility and Casi have launched the MOCEAN Subscription service in Germany, offering flexible, all-inclusive vehicle subscriptions to private consumers and businesses, particularly corporate fleets. The service, powered by Casi's technology, provides access to over 40 Hyundai models and caters to freelancers and professionals with variable vehicle requirements.
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