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.
Go Deeper (3 min read)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.
Go Deeper (2 min read)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
Go Deeper (2 min read)Policymakers also emphasized that controlling high inflation levels would be the critical factor in determining the extent to which rates needed to rise.
Go Deeper (2 min read)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.
Go Deeper (2 min read)Central bankers believe that by setting an inflation target, they establish credibility for themselves and help individuals and businesses plan in ways that will help to keep inflation under control.
Go Deeper (2 min read)After years of pandemic-driven disruptions, factory managers and workers are finally seeing the light at the end of the tunnel. The country rapidly removed restrictions of movement in December, a move that greatly increased the number of COVID-19 cases and caused further disruptions.
Go Deeper (2 min read)Since Russia's invasion of Ukraine in January, investor sentiment in Germany has improved for the first time. This is another indication that the slowdown in Europe's largest economy may not be as severe as initially anticipated.
Go Deeper (2 min read)Microsoft Corp. announced it was cutting 10,000 jobs, making it the latest tech giant to do so amid worries about the state of the world economy.
Go Deeper (2 min read)Founded in 1971, Bed Bath & Beyond is an omni-channel retailer of domestic merchandising and home furnishing through a network of physical stores and various websites.
Go Deeper (4 min read)Due to the sharp interest rate increases that have caused substantial losses for mainstream investors and equity experts, hedge funds that trade bonds and currencies are on course to enjoy their greatest year since the global financial crisis.
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