The market correction has room to run given bond yields, says Reynolds Strategy's Brian Reynolds
Schwab plans to cut jobs and raise debt in investment grade bonds amid a concerning rise in bond yields and the timeline for treasury issuances.
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Posted 8/22/2023, 6:12:08 PM
cnbc.com
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Charles Schwab plans to cut costs by reducing headcount and closing or downsizing offices, leading to a decline in its stock price.
Charles Schwab Corp. sold $2.35 billion of senior unsecured notes in the US investment-grade bond market to reduce costs after announcing plans to cut jobs and downsize offices.