Following a cost-cutting review, Goldman will lay off approximately 3,200 employees this week
Goldman Sachs Group Inc. is plunging on one of its most significant job cuts as it seals in on a plan to terminate about 3,200 […]
Category: Economics
Amid recession fears, Biden says U.S. economy headed to ‘new plateau.’
On Thursday, President Joe Biden said the U.S. economy was noticing “really bright spots” after a few rough years and was headed to a “new […]
Job growth in the US has come to a standstill. The Fed rate reduction is far from reality
Two hundred thousand jobs registered in December last year, which is less when compared to the jobs registered in November. In November, 263,000 payrolls were […]
Jim Cramer says Fed’s decision on interest rates will ease the inflation
A fresh report says the perpetual tight labor market will remain unaffected by the Federal Reserve’s decision on an interest rate hike in order to […]
U.S. invests money into chips, but even sparing spending has limits
In September, Intel, the chip giant, gathered representatives in a patch of land near Columbus, Ohio. There, Intel pledged to invest at least $20 billion […]
The United State’s Decision On Oil Reserve Sales Generates $4 Billion Of Unexpected Gain
The United States has gained $4 billion unexpectedly on sales from the Strategic Petroleum Reserve. As the Biden administration is concerned about gasoline prices and […]
U.S. Jobless Claims Climbed Higher Last Week
Key Happenings: The four-week moving average of weekly claims smoothed out volatility and edged lower by 250 to a seasonally adjusted 221,000. The Labour Department […]
Why everyone thinks a recession is coming in 2023
Economists have been predicting it for months and see it starting early next year. The severity and whether it is short or long is up […]
An Upgrade In U.S Economy by 3.2% in Q3
Shrugging aside rising inflation and interest rates, the U.S. economy grew at an extremely strong rate of 3.2% annual solid pace from July to September, […]
Bill Gross anticipates economic deterioration as a result of interest rate hikes
The co-founder of Pacific Investment Management Co. (PIMCO), William Hunt Bill Gross, popularly known as a successful investment analyst, found agitated about incremental interest rates […]