‘many teams are going to shrink’
Meta CEO Mark Zuckerberg said Wednesday that he expects to trim the workforce at the parent of Facebook and Instagram ...
Tag: Economy
US GDP sinks 0.9% in second quarter, signaling possible recession
The US gross domestic product posted its second straight quarterly decline in an alarming development that economists widely view as ...
HBO’s John Oliver shreds CNBC’s Jim Cramer over inflation flip-flops
HBO comedian John Oliver launched a scathing attack on CNBC’s Jim Cramer on Sunday, skewering the investing guru for flip-flopping ...
Demand for cheap beer, cigarettes soars amid US inflation
The record levels of inflation have forced American consumers of alcohol and tobacco products to switch from Budweiser and Marlboro ...
Mortgage demand hits 22-year low during inflation, interest surge
Demand for mortgages has crashed to a multi-decade low last week as prospective homebuyers contend with surging inflation and rising ...
Biden economic approval rating hits all-time low: CNBC survey
President Biden’s economic approval rating has dropped to a fresh low as Americans contend with surging inflation and mounting fears ...
Retail sales rose 1% in June, easing fears of a recession
Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and ...
JPMorgan posts steep profit drop, halts stock buybacks
JPMorgan Chase posted a surprisingly steep profit drop and said it is halting share buybacks it sets aside $428 million ...
Home sale cancellations hit highest rate since start of pandemic
Approximately 60,000 home purchase agreements fell through in June, according to a new analysis by Redfin. The figure is equivalent to ...
US economy adds 372K jobs in June despite recession fears
U.S. job growth increased more than expected in June and the unemployment rate remained near pre-pandemic lows, signs of persistent labor market strength that ...
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