1. Goldman sees stock markets falling further
“We would expect lower valuations (consistent with recessionary outcomes), a trough in the momentum of growth deterioration, and a peak in interest rates before a sustained recovery begins,“ said the US bank.
2. Tesla issues recall for third time in a month
Aside from facing a court case which has seen him attempting to justify a US$56bn pay packet from Tesla in 2018 to investors, Musk’s takeover of Twitter has also been targeted for potentially diverting his focus from the electric vehicle giant at a time when it needs him most.
3. Bob Iger makes shock return to Disney
Iger has agreed to serve as chief executive for two years, the media and entertainment company said in a shock statement last night.
4. FTSE 100 drops at the close as oil prices weigh on the index
At the close, the FTSE 100 had retreated 0.1% to end the day in negative territory at 7,377 points.
5. Oil prices fall but prices at the pump lag behind
Saudi Arabia and other OPEC oil producers are said to be discussing an output increase