Last month, sales of European junk bonds set a record monthly value of €23 billion, matched by a record number of issues at 44, JPMorgan data shows, as investors pulled out of the ailing U.S. bond market and looked for other places to put their cash.
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
Private sector jobs fell to the lowest level since October 2024, according to a Department of Labor Report and more than half of private companies cut jobs last month. Employers cite high interest rates and uncertainty over tariffs as the driving factors behind slow hiring.
Canada’s GDP contracted by 0.1 percent in April, Statistics Canada reported, and said early indications are that the economy shrank by a similar amount in May.
On 27 June, Donald Trump announced the U.S. is immediately “terminating ALL discussions on Trade with Canada” after the U.S.’s northern neighbor is set to begin collecting a digital services tax on Internet companies, both Canadian and foreign.
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
More than 63K people have been laid off in the tech industry this year, according to layoff tracking website layoffs.fyi. Intel adds to the job cuts this week with 170 layoffs in Santa Clara, Calif. and 195 layoffs in Ireland.
By their deeds you shall know them. Beijing’s actions have inflicted grave economic damage on its nation’s economy.
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
U.S. companies have reduced their workforces by 3.5 percent over the past three years as AI takes over human jobs and companies are demanding that employees work harder and take on additional responsibilities, according to employment data provided by Live Data Technologies.