Money & The Economy
News on Finance, Money, markets and the economy
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Sales Software Firm Becomes Latest Tech Titan To Issue Layoffs
Salesforce, the owner of popular business communication app Slack and developer of other sales software, is planning to cut thousands…
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Employee Turnover Is Devastating Productivity — And Businesses Have Had Enough
Employee turnover has surged since the pandemic, and the need to replace and train new employees at high volume has…
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US Manufacturing Cratered In December At Fastest Rate Since Pandemic Began
The S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) fell at the fastest rate since May 2020 in December, a…
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Majority Of Big Banks Predict Significant Economic Downturn In 2023: POLL
Of 23 major financial institutions that work directly with the Federal Reserve, 16 anticipate a recession within the next 12…
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POLL: Small Businesses See Signs Of Hope After Brutal 2022
Despite a historically tight labor market, small business owners reported that hiring difficulties had eased in December, markedly improving compared…
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Inflation Reduction Act Will Stall Economic Growth
On January 1st, the provisions of the Inflation Reduction Act (IRA) will take effect. President Biden said this act will…
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As Other Automakers Push EVs, This Luxury Brand Drove Laps Around Them In 2022
While electric vehicle (EV) startups that once seemed promising saw their stock prices plummet far faster than the rest of…
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There’s A Massive Red Flag That Could Spell Disaster For Americans’ Pension Plans
U.S. government pension funds currently have the lowest cash holdings since the 2008 financial crisis, and corporate pensions’ cash holdings…
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Automakers Could Be Forced To Cut Prices — And Profits — In 2023
Consumers might see car prices finally come down in 2023 after record-high prices in 2022, but only if automakers are…
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Fed’s Preferred Inflation Index Cooled In November, But Core Prices Remain Stubbornly Elevated
The Federal Reserve’s preferred inflation metric, the Personal Consumption Expenditures Price Index (PCE Price Index) excluding food and energy, cooled…
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Regulators Crack Down On Crypto Company Audits After FTX Scandal
The U.S. Securities and Exchange Commission is increasing scrutiny on firms conducting audits for cryptocurrency exchanges, due to the risk…
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Home Sales Plunge In November As Housing Market Cracks Under High Prices
Sales of existing homes fell severely in November, but prices remained elevated compared to one year ago as demand for…
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Digital Marketing for Your Small Business: Getting More from Your Strategy
Running a business in the modern world means that there is no getting away from investing in digital marketing. Today,…
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Homelessness Hits 8-Year High
Homelessness in the U.S. reached an eight-year high in 2022, according to the U.S Department of Housing and Urban Development…
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Goldman Sachs Will Slash Workforce, Cut Back On Bonuses For Underperformers
Goldman Sachs is planning to cut thousands of employees and potentially eliminate bonuses for underperformers, as the struggling investment titan…
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