AI startup DataRobot and trucking company U.S. Xpress are the latest companies to announce layoffs Thursday, totaling hundreds of workers, as U.S. companies fear a possible recession. Aug. 25, 2022Art...
Tag: Fears
Lacklustre global PMIs stoke stagflationary fears
Earlier today, S&P Global released much-awaited Purchasing Managers’ Index data for several major economies. These data summarize whether surveyed purchasing managers believe business activity is ...
Shoppers spend over $300 a month on impulse purchases, despite recession fears
Pandemic shopping changes boosted impulse buys To be sure, the pandemic has changed the way people spend money. “Consumers abandoned ingrained shopping habits, hurtling ecommerce into hyperdriv...
BendDAO running out of funds amid fears of souring debt
NFT platform BendDAO experienced a bank run between August 19 and August 21 as over 15,000 Ethereum (ETH) were withdrawn from its contract within 48 hours. gm While you were asleep the BendDAO bank ru...
Liquidation Fears Mount as BAYC NFTs Floor Price Drops
Fears of liquidation have gripped the non-fungible token market after it emerged that several Bored Apes and Mutant Apes holders borrowed against their NFTs on BendDAO. The news broke out on Twitter a...
Recession Fears Set to Split Stocks and Bonds After Summer Rally
(Bloomberg) — It’s been a summer of love for both stocks and company bonds. But with fall nearing, equities are set to fade while bonds strengthen as central bank tightening and recession fears ...
ETH All-Core Developer meeting calms sell-off fears as Merge news shows confidence
The Ethereum [ETH] All-Core Developer meeting concluded late on 18 August as they prepare for the upcoming Merge. Several important matters were discussed including the consequences of sanctions impos...
Pimco Plows $2 Billion Into Assets Depressed by Recession Fears
(Bloomberg) — Pacific Investment Management Co. is using its deep pockets to snap up bargains among assets that have been hurt by the cost of living crisis, surging inflation and rising interest...
Mortgage Demand Falls To New 22-Year Low As Housing Market Fuels Recession Fears
Topline Despite falling mortgage rates providing some relief to potential home buyers, mortgage applications fell to the lowest level since the turn of the century last week—providing fresh evidence t...
Homebuyers are backing out of more deals as recession fears linger
Rising costs and falling confidence in the U.S. economy are fast becoming a toxic cocktail for the housing market. As a result, a growing number of buyers are backing out of deals they’ve made w...
Tornado Cash developer arrest sparks fears of global crypto enforcement
The crypto industry has been reeling since the US Treasury blacklisted decentralized crypto mixer Tornado Cash on Monday. Despite Treasury sanctions formally being limited to US persons and entities d...
Stocks Struggle After ‘Underwhelming’ Data From China Sparks Global Recession Fears
Topline The stock market moved slightly lower on Monday as disappointing economic data out of China led to rising concerns about a global recession and a drop in oil prices; meanwhile, investors are l...
Crypto Markets Fall As Inflation Fears Begins To Creep Back In, Here’s Why
The crypto markets turn red again as prices have fallen in the last 24 hours. The sluggish price movement could be the start of another bearish period as many experts are starting to doubt whether inf...
Fed Fears and Pelosi Taiwan Trip Reverse Bitcoin’s Recent Gains
“The Merge narrative on [Ethereum] has been getting a little cloudier,” said Joshua Lim, head of derivatives at Genesis Trading. “The complications around a proof-of-work fork could create some market...
Retailers still opening stores despite recession fears
The biggest shopping mall owners in the United States say retailers are still forging ahead with plans to open new stores in spite of growing recession fears and decades-high inflation that’s sq...
Crypto prices continue to tick upward as recession fears grow: the week in markets
Crypto prices continued to rally over the past week while the global macroeconomic environment was worsening. At the time of writing, bitcoin was trading at $23,739, down 3.1% over the past 24 hours, ...
High Inflation And Recession Fears Will Drive Bitcoin Adoption
It’s safe to say CZ is bullish on bitcoin and crypto’s future. Changpeng Zhao visited CNBC’s Squawk on the Street and flipped the prevalent bearish narrative on its head. In less than 2 minutes. Most ...
Amazon set to report earnings amid recession fears
Amazon (AMZN) reported its financial results after the closing bell on Thursday, beating analysts’ expectations on revenue. The stock soared 12% higher in after-market trading. Still, Amazon als...
El Salvador seeks to buy back $1.6B of debt to quell default fears
Amid falling Bitcoin (BTC) prices and rising fears of El Salvador defaulting on its debt, the Central American country is attempting to buy back $1.6 billion of its sovereign bonds. El Salvador Presid...
El Salvador Allays Default Fears by Announcing Sovereign Debt Buyback
While the rest of the world’s government grapples with grim macroeconomic conditions, El Salvador is bucking the trend and has announced it has enough cash to pay its debts before they mature. As 2023...
Vox Media cuts staff, slows down hiring as recession fears grow
Jim Bankoff, chairman and chief executive officer of Vox Media Inc. David Paul Morris | Bloomberg | Getty Images Just a month ago, media executives expressed optimism that their companies were well po...
Here Are The Major U.S. Job Cuts As Recession Fears Grow
Major U.S. companies have laid off thousands of employees so far this summer, as CEOs fear soaring inflation could tip the economy into a recession. July 26, 2022E-commerce company Shopify became the ...
Crypto Market Dips Below $1T as Recession Fears Loom
Key Takeaways The cryptocurrency market suffered a correction Tuesday, with the Ethereum ecosystem taking a big hit. The dip comes as markets brace for major earnings reports, the next Federal Reserve...
Billionaire Mark Cuban Fears Strict Crypto Regulations By SEC Could Turn Into A Nightmare For Bitcoin
– Advertisement – Mark Cuban slams the US SEC for using unclear policies to regulate Bitcoin and the crypto industry, a move he says could negatively affect the market. The US SEC (Secur...
Ukraine Reportedly Strikes Deal With Russia To Resume Grain Exports Amid Fears Of Food Crisis
Topline Ukrainian officials say they have reached a deal with Russia, Turkey and the United Nations Friday to lift a Russian naval blockade, allowing millions of tons of stockpiled Ukrainian grain to ...
Russia Restarts Key Gas Pipeline To Europe After Fears Moscow Would Keep Taps Closed
Topline Russia has resumed gas supplies to Europe via a key pipeline after it was shut for repairs 10 days ago, the operator announced on Thursday, dampening energy prices and assuaging fears that Mos...
Fuel cell-powered truck maker Hyzon’s stock suffers record plunge after accounting questions raise delisting fears
Shares of Hyzon Motors Inc. were suffering a record plunge toward a record low Friday, after the maker of fuel cell-powered trucks disclosed a “myriad of issues,” including accounting regularities tha...