Credit Suisse is undergoing a sweeping overhaul that will see its investment bank carved up and greater focus placed on private banking after years of scandals and management missteps. It will seek approval from shareholders later Wednesday for a capital raise of about 4 billion francs and intends to reduce headcount by about 9,000 by 2025.
Intel stock plunges 30% as weak PC demand and AI costs trigger global chip selloff
Intel shares plunged 30% after the chipmaker issued a weak fourth-quarter revenue forecast and warned of negative cash flow for the year. The warning triggered
October 30, 2026