Second-quarter earnings season is set to commence this week, and the outlook appears grim. Forecasts indicate a third consecutive quarter of declining earnings. According to consensus estimates from UBS, S&P 500 companies are projected to experience a decline of approximately 7% in earnings per share
According to a Wall Street Journal analysis, employees who remain at their positions are receiving the largest wage raises in decades, which is putting pressure on inflation. The Federal Reserve Bank of Atlanta reports that earnings for workers who remained at their employment increased 5.5%
According to a recent debt poll, consumers did not let the decades-high inflation stop them from using their credit cards to make purchases this holiday season. According to a LendingTree poll of 2,050 adults conducted between December 16 and 19, they now want to take
Numerous new indications indicate that the war on inflation is over, and not because of the Fed. On Wednesday, talk of the Federal Reserve raising interest rates will be rampant, and people will be talking about everything they do and say. That probably increases short-term
According to new information on Thanksgiving spending, more holiday shoppers are delaying paying their bills with buy-now-pay-later apps, even financing less expensive items. According to Adobe, spending on these apps increased 1.3% over Thanksgiving, but Salesforce data shows a 6% decline in the average order
In anticipation of an impending recession, Apple CEO Tim Cook said the most valuable company in the world will halt hiring while other tech giants make cuts. Cook acknowledged in a Monday interview with “CBS Mornings” that the current state of the economy has forced
A renowned economist cautioned on Monday that the US housing market is in the midst of a “deep recession,” which might put pressure on the Federal Reserve to ease off on interest rate rises. According to the National Association of Home Builders, homebuilder confidence fell
FedEx’s stock had its worst day on record on Friday after the delivery behemoth lowered its projection, fueling concerns about a worldwide downturn and putting even more pressure on its new CEO for a rapid turnaround. The early data pushed the stock down 21% to
The last day of January past and we are officially one month and a few weeks into the new year. The sense of hope for our community was magnified when President Joe Biden took office and immediately went to work to get our country back
Understandably, few entrepreneurs are eager to think about recessions. Customers tighten their wallets, banks take a closer look at business loans that can catapult startup growth, and you get the feeling everyone’s hunkering down and waiting for it to be over, like a gloomy winter
