Money & The Economy
News on Finance, Money, markets and the economy
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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…
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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…
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‘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…
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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…
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December’s Strong Jobs Report Unlikely To Slow Fed’s Rate Hikes
The U.S. added 223,000 jobs in December, surpassing investor expectations by roughly 20,000 and cooling from the roughly 270,000 jobs…
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Corporate Execs And Insiders Shy Away From Stocks In ‘Warning’ Sign For Economy
Despite crashing stock prices, corporate executives have been shying away from their companies’ stocks in the past six months, a…
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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…
Read More » 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…
Read More »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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