ZH: Nike 'permanently' laying off 740 employees at world headquarters
ZERO HEDGE writes: US athletic footwear and apparel company Nike announced late in the cash session on ...
ZERO HEDGE reports:
With the Atlanta Fed showing a clear slowdown in US GDP in recent weeks, revealing estimates of US growth sliding from over 3% in late March to just 1.1% yesterday…
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… the trend is clear: the US economy is rapidly slowing down, in large part due to the “depressurization event” among small and medium regional banks, that has seen loan issuance grind to a halt. As such, today’s first estimate of Q1 GDP would be interesting if very much dated.
And so, with most banks expecting a print just around 2.0% – the median forecast was at 1.9%…
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