Money & The Economy
News on Finance, Money, markets and the economy
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Solid 4th Quarter Leads to 2.1% GDP Growth for 2022
GDP growth in the fourth quarter of 2022 was just reported to be 2.9%. That’s down slightly from the 3.2%…
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People Are Falling Behind On Their Car Payments At Levels Not Seen Since The Financial Crisis
The portion of Americans that are “severely delinquent” on their car loans in December hit the highest level since February…
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Microsoft Posts Worst Earnings In Years After Major Layoffs
Microsoft experienced its slowest quarter of growth in the last six years in the three months ending Dec. 31, less…
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Major American Manufacturer Cuts Sales Expectations, Lays Off Thousands
Major U.S. manufacturing firm 3M, the maker of Scotch tape among other popular office and industrial items, is cutting roughly…
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Tech Layoffs Just Keep Coming As Spotify Makes A Giant Cut To Workforce
Audio streaming platform Spotify is laying off 6% of its staff, becoming the latest in a series of tech firms…
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Public Debt — There’s No Chance of a Default
Last week the public debt reached $31.4 trillion. According to the law, that is the maximum debt the federal government…
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Google’s Parent Company Is Latest Tech Titan To Make Sweeping Job Cuts
Google parent Alphabet has cut roughly 12,000 jobs across the company, affecting positions worldwide, CEO Sundar Pichai wrote in a…
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Has Capitalism Created a Wasteful Excess of Managers?
Have you noticed there seem to be a lot of managers nowadays? It’s not just you. Professors at the Harvard…
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Retail Sales Ticked Down During The Holiday Season As Consumers Tightened Their Belts
Retail sales fell 1.1% in December, unadjusted for inflation, with consumers cutting back spending in almost all sectors except food,…
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Inflation, Recession & the Debt Ceiling. Oh my!
As we enter 2023, there are at least three major problems that economic policymakers will have to deal with. We…
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Major Banker Takes Billion-Dollar Hit In Just Nine Months
Goldman Sachs lost just over $3 billion on its consumer credit and consumer technology unit from 2020 through the third…
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Solving Workday Implementation Challenges
Workday implementation can be complex and time-consuming. It takes a team of organizational experts, Workday consultants, and other company stakeholders…
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Just About Every CEO Is Predicting An Economic Downturn In 2023: POLL
Nearly all — 98% — of U.S.-based CEOs anticipate that America will face a recession in 2023, according to The…
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Core Prices Tick Up As Inflation Stays Stubbornly High
Core prices increased 0.3% on a monthly basis in December, after growing 0.2% in November, as overall prices rose by…
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Consumers Are Paying Record Credit Card Rates Thanks To Sky-High Inflation
Average interest rates for bank-issued credit cards this past November surpassed a record set in 1985, Axios reported Wednesday, citing…
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