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Unemployment

Nobel laureate Paul Krugman sees only a 25% chance of a US recession

Fri, 02/24/2023 - 12:38

Tech Insider : Crypto

paul krugman — Paul Krugman.
REUTERS/Brendan McDermid

Markets, MI Exclusive, Stocks, Paul Krugman, Nobel prize in economics, Inflation, Recession

Recession will grip the US economy within months - and Wall Street is lying about a 'no landing' scenario, top economist David Rosenberg says

Fri, 02/24/2023 - 07:00

David Rosenberg — David Rosenberg.
Rosenberg Research & Associates

Markets, MI Exclusive, Stocks, David Rosenberg, Rosenberg Research, US Markets and Economy, Inflation

Lowering inflation to the Fed's target would require a deep recession that more than doubles unemployment, say Cleveland Fed economists

Thu, 02/23/2023 - 10:31

unemployment — Rick Bowmer/ AP

Markets, MI Exclusive, DataTrek, Fed, Interest Rates, Stock Market Outlook, Federal Reserve

The Fed's own economists are ringing the recession alarm - and warning stocks and real estate prices could tumble

Thu, 02/23/2023 - 05:59

Jerome Powell — Fed Chair Jerome Powell.
Joshua Roberts/Reuters

Markets, MI Exclusive, Stocks, Federal Reserve, US Economy and Markets, Interest Rates, Monetary Policy

Zuckerberg's 'Year of Efficiency' Could Mean More Layoffs After Dismal Performance Reviews

Fri, 02/17/2023 - 14:55

Meta may be gearing up for yet another round of layoffs as employees report receiving lower-than-average performance reviews this week.

Unemployment, wallstreetjournal, humanactivities, meta, layoff, labor, performanceappraisal

An undocumented worker was able to pay rent because he got $2,000 as part of a UBI-like program that will now be permanent for Coloradans who lose their jobs

Tue, 02/14/2023 - 06:15

Tech Insider : Economy, Politics

Nighttime skyline of Denver, Colorado — Denver's forthcoming "Benefit Recovery Fund," a permanent "wage-replacement" program for undocumented workers, is the first of its kind in the country.
Jon Paciaroni/Getty Images

economy, politics, Guaranteed Income, UBI, Universal Basic Income, undocumented workers, labor

Years before ChatGPT, Warren Buffett touted AI's huge potential but warned it could spark job losses and stoke political tensions

Mon, 02/13/2023 - 07:44

warren buffett — Warren Buffett.
REUTERS/James Lawler Duggan

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, Charlie Munger, AI

The Fed has caused a recession every time it's tried to weaken the labor market, and a 'soft-landing' of the economy is unlikely, former New York Fed chief Bill Dudley says

Wed, 02/08/2023 - 15:48

Powell — Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S., November 28, 2017.
Reuters/Joshua Roberts

Markets, MI Exclusive, Recession, US economic outlook, fed inflation, Fed rate hikes, interest rates outlook

Wharton professor Jeremy Siegel breaks down why he blames the Fed for inflation - and warns the central bank now risks tanking the economy

Wed, 02/08/2023 - 11:03

jeremy siegel — Jeremy Siegel.
Steve Marcus/Reuters

Jeremy Siegel slammed the Fed for fanning inflation, and warned it may spark an avoidable recession.

Markets, MI Exclusive, Stocks, Jeremy Siegel, Wharton School of Business, Stock Market Outlook, S&P 500

Zoom Cuts 1,300 'Zoomies' After Pandemic Growth Spurt

Tue, 02/07/2023 - 14:20

Gizmodo : Economy

Silicon Valley layoffs have become commonplace in the last several months as one after another announced they were letting staff go.

business2cfinance, thezoom, leeco, labourlaw, labor, electronicarts, terminationofemployment

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