With the fight over the debt ceiling resolved, investors are turning to other concerns, including inflation and interest rates. Story Published at: June 2, 2023 at 12:45PM Continue Reading…
Markets Await Clues for Fed’s Next Move in May Jobs Report
Meta to Lay Off Another 10,000 Workers
It would be the tech company’s second round of cuts since November. Mark Zuckerberg, its chief executive, has declared 2023 the “year of efficiency.” Story Published at: March 14, 2023 at 01:32PM Continue Reading…
Investors Await a Momentous Inflation Report
Tuesday’s Consumer Price Index data could hold big clues about the Federal Reserve’s future policy moves. Story Published at: February 14, 2023 at 12:44PM Continue Reading…
Wall Street Has a Lot Riding on the Fed’s Rate Decision
Stocks and bonds are on an impressive run so far this year, driven by hopes the Federal Reserve will slow down, or even pause, its interest rate increases. Story Published at: February 1, 2023 at 01:12PM Continue Reading…
Tech Layoffs Shock Young Workers. The Older People? Not So Much.
The industry’s recent job cuts have been an awakening for a generation of workers who have never experienced a cyclical crash. Story Published at: January 20, 2023 at 05:31PM Continue Reading…
Coinbase Lays Off Another 20% of its Employees
The cuts at the cryptocurrency exchange come after nearly a fifth of employees were let go in June, as crypto markets teeter and tech companies rethink their growth plans. Story Published at: January 10, 2023 at 01:55PM Continue Reading…
Kevin McCarthy’s Business Ties Complicate His Rise to Power
To land the House speaker position, the California Republican will have to win over opponents who question his ties to Silicon Valley and his commitment to right wing causes. Story Published at: January 5, 2023 at 12:45PM Continue Reading…
Elon Musk, Management Guru?
Why the Twitter owner’s ruthless, unsparing style has made him a hero to many bosses in Silicon Valley. Story Published at: December 16, 2022 at 10:00AM Continue Reading…
The Week in Business: Labor Actions Sweep Britain
The national average gasoline price has fallen to where it was a year ago. China’s economy is not expected to bounce back quickly, as it rolls back “zero Covid” policies. And the Fed meets. Story Published at: December 11, 2022 at 12:00PM Continue Reading…
It Was a Bad Week for Billionaires With Delusions of Saving the World
Musk, Bezos, Bankman-Fried, Trump: some of our most prominent billionaires laid waste to their carefully cultivated image as benevolent saviors. Story Published at: November 19, 2022 at 02:23PM Continue Reading…