Business

Business

Nov
18
FTX Bankruptcy Shocks Cryptocurrency Industry

FTX Bankruptcy Shocks Cryptocurrency Industry

The sudden demise and subsequent bankruptcy of one of the world's largest crypto exchanges is an unprecedented failure of oversight.
3 min read
Nov
11
Meta Announces Massive Layoffs amid Weak Earnings

Meta Announces Massive Layoffs amid Weak Earnings

Faced with declining sales and a falling stock price, Facebook's parent company begins laying off over 11,000 employees.
3 min read
Nov
04
US Labor Market Remains Strong while Economy Cools

US Labor Market Remains Strong while Economy Cools

Employers added 261,000 jobs in October, which exceeded expectations but also showed a softening of the labor market as economy slows down.
4 min read
Oct
28
US GDP Grows during Third Quarter of the Year

US GDP Grows during Third Quarter of the Year

Following two quarters of economic restriction, the nation's Gross Domestic Product increased by 2.6% amid higher interest rates and inflation.
3 min read
Oct
28
Oil Companies Report Record Profits while Tech Industry Struggles

Oil Companies Report Record Profits while Tech Industry Struggles

US and European oil companies continue their string of windfall profits while tech-based businesses report dismal earnings as they grapple with a slowing economy.
5 min read
Oct
21
US Annual Deficit Cut in Half while Risks Continue from Slowing Economy

US Annual Deficit Cut in Half while Risks Continue from Slowing Economy

Largely due to the expiration of pandemic-era spending, the country's annual deficit falls by $1.4 trillion from the year before as rising interest rates and a slowing economy bring uncertainty.
4 min read
Oct
14
Consumer Spending Stalls as Inflation Hits New Highs

Consumer Spending Stalls as Inflation Hits New Highs

US retail sales were stagnant in September while consumer prices remain at a 40-year high.
4 min read
Sep
30
US Consumers and Companies Continue to Spend Despite High Inflation

US Consumers and Companies Continue to Spend Despite High Inflation

Unique market and labor conditions sustain consumer and business spending while inflation and recession pressures weigh on the US economy.
4 min read
Sep
23
Fed Raises Benchmark Interest Rate Again to Continue Fight Against Inflation

Fed Raises Benchmark Interest Rate Again to Continue Fight Against Inflation

Weighing the risks of persistent inflation with the danger of a recession, the Fed decides to again raise interest rates to slow the US economy.
3 min read
Sep
16
Inflation Dips Only Slightly in August while Mortgage Rates Exceed 6% in a First Since 2008

Inflation Dips Only Slightly in August while Mortgage Rates Exceed 6% in a First Since 2008

According to last month's Consumer Price Index report, inflation remains high at 8.3% as mortgage rates move above 6% for the first time since the 2008 financial crisis.
3 min read