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Economy

“Who Will It Hurt The Most When Unemployment Rises?”

“EDITOR’S NOTE: The Federal Reserve has made it clear that reining-in inflation is its number one priority. One likely consequence is that corporate hiring will freeze, layoffs will commence, and jobs will be lost. As unemployment rises, the distribution of… Continue Reading…

Business, Economy

“With cuts at Vice, Quartz, BuzzFeed, even media’s savviest digital players are hurting”

“The layoffs came swiftly last week. At Vice Media, 155 people lost their jobs. Quartz laid off 80. Condé Nast, publisher of glossy magazines like Vogue, cut 100 people. And as BuzzFeed furloughed staffers at its overseas divisions, its U.S.-based… Continue Reading…

Economy, Personal Finance

“The Next Recession Will Destroy Millennials”

“…if it happens, when it starts happening—stands to hit this much-maligned generation particularly hard. For adults between the ages of 22 and 38, after all, the last recession never really ended…  As they pitch toward middle age, they are failing… Continue Reading…

Business, Stocks

“Macy’s shares sink as discounts to clear inventory hurt, tourism drops”

“Macy’s Inc <M.N> cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much… Continue Reading…

Business, Stocks

“Google parent’s shares dive as YouTube changes, competition hurt revenue”

“Alphabet Inc’s Google on Monday saw its slowest revenue growth in three years from increased competition in advertising, stumbles in its smartphone business and disruptive changes at YouTube that left the leading internet ad company lagging rivals. Shares of Alphabet… Continue Reading…

Business, Economy

“Monopoly power is growing across the developed world — and it’s hurting workers, IMF finds”

“Growing monopoly power is seen across the developed world, which could be a contributor to ills ranging from lackluster investment growth to growing income inequality, a new International Monetary Fund report finds. The IMF paper, released ahead of its World… Continue Reading…