U.S. Dollar Could Drop Another 15%
On Tuesday, data showed that U.S. job openings in February had dropped to their lowest level in almost two years, indicating that higher rates were starting to impact the labor market.
Go Deeper (2 min read)China's Manufacturing Loses Momentum
China's manufacturing industry, which accounts for one-third of the world's second-largest economy, lost momentum in March due to weak export orders, hindering the country's economic recovery from COVID-19 restrictions.
Go Deeper (2 min read)New research suggests that demographic and other trends existing prior to the COVID-19 pandemic are responsible for most of the remaining shortfall in U.S. labor force participation.
Go Deeper (2 min read)Alibaba Announces Major Restructuring Plans
On Tuesday, Alibaba Group announced its plans to divide into six units, with most of them seeking fundraisings or listings, in its largest restructuring in its 24-year history
Go Deeper (3 min read)HindenBurg Tackles Square
Hindenburg Research has announced that it holds short positions in Block Inc and has accused the payments company, led by Twitter co-founder Jack Dorsey, of inflating its user numbers and understating its customer acquisition costs.
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The Mystery of the U.S. Economy
Dana Peterson, the chief economist at the Conference Board, believes that the sharp decline of the U.S. business group's Leading Economic Index indicates that a recession will soon take hold in the United States.
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Buffet Is Still Bullish
Billionaire investor Warren Buffett has expressed unwavering confidence in the U.S. economy and his company, Berkshire Hathaway, in his annual letter to shareholders released on Saturday.
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Meta Sells Badges
Meta Platforms revealed its latest attempt to grow sales, Meta Verified, a monthly subscription service aimed at boosting user authentication and supporting content creators' growth and community building
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Policymakers also emphasized that controlling high inflation levels would be the critical factor in determining the extent to which rates needed to rise.
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Elon Musk's Twitter Takeover
Since Elon Musk took ownership of Twitter four months ago, the social media platform has become his personal playground. As the billionaire promised to restore "free speech," Twitter users expected some changes.
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"Delete Uber" Was Just Another Fad
On Friday, Lyft experienced a large drop in its market value with its share price collapsing by more than 30%. This was due to concerns over the company's recent decision to lower prices in an effort to stay ahead of Uber in the North American ride-sharing market.
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