Money & The Economy

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…

4 years ago

<strong>Solving Workday Implementation Challenges</strong>

Workday implementation can be complex and time-consuming. It takes a team of organizational experts, Workday consultants, and other company stakeholders…

4 years ago

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…

4 years ago

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…

4 years ago

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…

4 years ago

How to Solve the Lobstermen vs Whalers Problem: Water Capitalism

The lobstermen and the whalers are at each other’s throats in Maine. The former need to use strong ropes to…

4 years ago

Top Execs Depart Floundering Electric Vehicle Startup

Several executives at electric vehicle startup Rivian have departed the company in the past several months as the company struggled…

4 years ago

Big Banks Raising Giant Red Flag For US Economy

Some of the country’s largest banks are expected to see a 15% decline in profits in the fourth quarter compared…

4 years ago

‘Here To Stay’: These Asset Managers Say Markets Are Underestimating Inflation

Major asset managers are pushing back on the market’s expectation that inflation and U.S. interest rates have peaked and are…

4 years ago

Major Bank Announces Biggest Layoff Since ’08 Great Recession

Goldman Sachs will begin laying off more than 3,000 employees this Wednesday, cutting costs ahead of what the company expects…

4 years ago