The United States government produced no evidence to support its claim that TikTok is working to coordinate with the Chinese Communist Party, raising new suspicions as to why Washington is so determined to either ban the popular social media site or sell it off to a U.S. entity.
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
Yet again, JPMorgan Chase, America’s biggest bank by assets, has been charged by federal regulators with failing to abide by rules governing oversight of billions of dollars’ worth of trades the bank and its clients have made.
Forty-seven percent of U.S. adults with Millennial or Gen Z children are helping them financially, a Savings.com survey found.
Since 1 January, more than 200 tech businesses have laid off more than 50,000 workers, the most since the dot-com crash in 2001, data website Layoffs.fyi reported. Alphabet, Amazon, Cisco, eBay, Meta, Microsoft, SAP, and Unity Software all have cut jobs.
U.S. inflation peaked at 9.1 percent in June 2022 and has fallen steadily since then, landing at 3.2 percent in February, almost a two-thirds reduction.
In February, lenders foreclosed on 32,938 U.S. homes, 8 percent more than a year earlier, data service ATTOM reported, although the number was a percentage point lower than in January.
The proportion of late-paying car loans and credit card accounts have climbed to their highest in more than a decade, Morning Brew reported.
In February, consumers paid 3.2 percent more for goods and services than they did a year earlier and 0.4 percent more than in December, the U.S. Bureau of Labor Statistics (BLS) reported last week.