3M cutting thousands of jobs, profits tumble
3M, the maker of Scotch Tape and Post It Notes, will reduce 2,500 jobs at locations around the world due to macroeconomic uncertainty.
Business taxes rising just as US economy heads into choppy water
Corporate taxes are rising this year, with the increases likely to cost U.S. businesses about $115 billion even amid an increasingly dark economic outlook.
More US companies brace for job cuts amid likely recession, survey shows
More American companies expect a decline in payrolls this year as the U.S. economy heads into a possible recession triggered by Fed interest rate hikes.
Gold and silver boom predicted as US hits debt ceiling, dollar devalues
Precious metals expert predicts gold and silver will rise in 2023 as government spending results in increased inflation and U.S. hits debt ceiling.
Are tech layoffs the canary in the US jobs market?
The U.S. economy will probably see more job cuts in coming months after a wave of layoffs at Big Tech companies including Google, Microsoft and Twitter.
US economy will 'pay a price' in 2023 from 'misguided' pandemic policies, expert warns
Brian Wesbury says he's 'not bullish anymore' on the economy as he forecasts a recession following the federal government's response to the COVID pandemic.
Larry Summers warns the Fed risks 1970s-style crisis if it pauses inflation fight
The Federal Reserve needs to remain steadfast in its fight against inflation or risk plunging the economy into a 1970s-style crisis, Larry Summers said.
For CEOs at Davos, efficient, profitable operations take center stage
Executives at the World Economic Forum in Davos, Switzerland, said they needed new tech to help trim costs, increase profitability, and improve efficiency.
Are single-stock ETFs a good idea?
The Securities and Exchange Commission is not a fan of ETFs that hold just a single stock, but they may have benefits for certain investors.
Fed’s Beige Book says businesses expect weak growth in months ahead
The Federal Reserve's Beige Book, which monitors businesses' sentiments, is full of pessimistic outlooks on the economy driven by high inflation and slow growth.
Larry Summers says he’s ‘still cautious’ but has a ‘little bit more hope’ about economy
Former Treasury Secretary Larry Summers said in a Bloomberg interview posted Wednesday that the "situation does look a bit better" for the U.S. economy.
Retail sales tumble 1.1% in December as high inflation squeezes Americans
Americans pulled back on spending at restaurants, bars and other retail stores in December as they confronted high inflation and rising interest rates.
Looming debt ceiling showdown risks triggering 'self-inflicted' recession for US economy
If Congress fails to raise the roughly $31.4 trillion federal debt limit by June, it could trigger a "self-inflicted" recession and "severe" market pain.
Why biotech is poised for a recovery this year
Fresh data showing inflation eased in December means the Federal Reserve may start slowing down its rate increases, with traders actually pricing in a cut later this year.
Fund managers most underweight on US stocks since 2005: Bank of America survey
Investors' allocation to U.S. stocks tumbled in January to the lowest level since 2005, according to a new Bank of America survey published on Tuesday.
Global recession likely, say 63% of chief economists in WEF survey
Many chief economists had somber predictions about whether the global economy would fall into a recession in 2023, according to a World Economic Forum survey.
Experts debate benefits of quiet hiring: 'Temporary solution,' 'nothing new about it'
A new trend known as "quiet hiring" has divided business leaders and HR pros, with some arguing that it will help workers negotiate for higher pay and benefits.
Crypto.com cuts 20% of staff, citing economic hurdles and FTX collapse
Crypto.com cuts hundreds of workers in the wake of rival FTX's collapse. A lack of faith in future cryptocurrency markets has sent valuations tumbling.
BlackRock CEO Larry Fink weighs in on recession probability, US debt default
BlackRock CEO Larry Fink weighed in on the probability of a recession and the risk of the U.S. government defaulting on its debt on "The Claman Countdown."
Bank of America CEO sees 'mild recession' in 2023 and is preparing for worse
The U.S. economy is likely headed for a recession in 2023, according to Bank of America CEO Brian Moynihan, who is preparing for a mild downturn this year.