Logistics managers are sending the message to customers that the ocean freight market is correcting at a faster rate than expected. Transport company HLS recently wrote to its customers: “We initially expected the market to be on the verge of correcting and normalizing sometime in 2023, but this is coming much sooner than expected.” The …
Freight rates from China to West Coast drop 90% as global trade plummets Read More »
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, August 29, 2022. Brendan McDermid | Reuters After a tumultuous year for the financial markets, Standard charter outlined a number of potential surprises for 2023 that he says are “undervalued” by the market. Eric Robertson, the bank’s chief research …
General Motors CEO Mary Barra speaks during a visit by the President to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images As 2023 approaches and the prospect of a recession looms, corporate America is bracing for a slowdown in consumer …
Here’s what top US CEOs are saying about a possible recession in 2023 Read More »
General Motors CEO Mary Barra speaks during a visit by the President to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images As 2023 approaches and the prospect of a recession looms, corporate America is bracing for a slowdown in consumer …
Here’s what top US CEOs are saying about a possible recession in 2023 Read More »
Rob Nichols is president and CEO of the American Bankers Association and Dennis Kelleher is president and CEO of Better Markets, a Washington-based nonprofit that promotes financial market reform. The recent turmoil in the trillion-dollar crypto sector, including the sudden liquidity crunch and the spectacular collapse of FTX, brought to light the concept of a …
Op-ed: FTX Crash Shows Cryptocurrency Market Needs Bank-Like Regulation Read More »
10,000 Hours | Digital Vision | Getty Images A recent wave of tech layoffs could have American workers wondering if their job is next on the chopping block. So far, there’s little evidence that the thousands of cuts to big tech companies — Meta, Amazon and Twitter, to name a few — are bleeding into …
Tech layoffs may not bode ill for the U.S. economy as a whole Read More »
10,000 Hours | Digital Vision | Getty Images A recent wave of tech layoffs could have American workers wondering if their job is next on the chopping block. So far, there’s little evidence that the thousands of cuts to big tech companies — Meta, Amazon and Twitter, to name a few — are bleeding into …
Tech layoffs may not bode ill for the U.S. economy as a whole Read More »
Customers at a McDonald’s restaurant Scott Mill | CNBC As the restaurant industry battles inflation, the chains’ large size and access to cash give them the upper hand, but independents have their own advantages when dealing with higher costs. Feeling the pressure on their budgets, consumers have reduced their frequentation of restaurants in recent months. …
The sky is not clearing up for Carvana. On the contrary, heavy clouds continue to gather over the company which has been one of the big winners of the covid-19 pandemic, with massive growth. Since the announcement of its quarterly results on November 3, Carvana (CVNA) – Get a free report the shares have lost …
The collapse of Carvana, “the Amazon of used cars”, continues Read More »
Fizz | Istock | Getty Images Employee 401(k) accounts may have been hit by recent market volatility, but that’s not the only reason balances may be down. A new study from Morgan Stanley at Work reveals that 62% of employees have reduced their short- and long-term savings contributions amid high inflation and fears of a …
