getty Suddenly, venture capital firms that handed out more than 1 trillion dollars in investor capital in two years, investing in 30,000 deals, are signaling a two year drought. Crunchbase recently reported that North American Startup Funding fell 63% in the fourth quarter compared to a year ago. And a CNBC story, “Startup funding has…
Topline Stocks slipped for a third consecutive session Thursday, with the Dow Jones Industrial Average wiping out all of its 2023 gains following a strong start to January, as the market continued to drop on the latest signals of a poor macroeconomic situation. It’s been a gloomy week on Wall Street. AFP via Getty Images…
Getty Images Key takeaways A recession occurs when economic indicators like gross domestic product, consumer demand and employment decline Since World War II, the average recession in the U.S. lasts around 10 months Going back to the 1850s, the average recession grows a little longer – about 17 months Currently, economists predict a 70% chance…
(Photo by Phil Barker/Future Publishing via Getty Images) Future Publishing via Getty Images Key takeaways Microsoft is laying off 5% of its workforce, citing recessions as a key factor Amazon still holds the title of biggest layoff yet, with 18,000 employees fired The bigger picture shows big-ticket investments and a shifting of long-term priorities, especially…
. Regional Bank Stocks Recent News The global economy remains fragile going into 2023. Uncertainties abound due to a less-than-ideal combination of factors: Russia’s invasion of Ukraine, supply chain disruptions, the meteoric rise in inflation and tightening monetary policy across the world. Over the last year, banks have benefited from rising interest rates, which have…
(Photo by Mark Wilson/Getty Images) Getty Images Key Takeaways JPMorgan CEO Jamie Dimon has given an interview at the World Economic Forum in Davos, Switzerland, and he wasn’t mincing words. He believes that inflation might not yet be under control, and that we could see interest rates hit 6% in 2023. Dimon also had strong…
China Last Night KraneShares Key News Asian equity markets were mixed as China, South Korea, and Indonesia outperformed while Hong Kong, Japan, India, and the Philippines were lower. Shanghai and Shenzhen gained +0.49% and +0.67%, with the former clearing the 3,200 index level last week while Shenzhen closed above 2,100 overnight for the first time…
Brazil with embedded flag on planet surface during sunrise. 3D illustration with highly detailed … [+] realistic planet surface and visible city lights. 3D model of planet created and rendered in Cheetah3D software, 9 Mar 2017. Some layers of planet surface use textures furnished by NASA, Blue Marble collection: http://visibleearth.nasa.gov/view_cat.php?categoryID=1484 getty After enduring criticism from…
NFTs may be the future of digital assets and goods, but what will happen in China? Getty Images The Chinese government views cryptocurrency as a serious systemic financial risk and has taken strong measures to minimize its usage in the world’s second largest economy. Though China retains a thriving underground crypto ecosystem, Beijing’s different bans…
getty A classic mistake made when considering annuities is to focus too much on current interest rates and the direction they seem likely to move. Annuities are income vehicles, so it’s natural to consider interest rates and the outlook for future rates. But too often the relationship between some annuities and interest rates is misunderstood,…