Getty Images Key takeaways Spotify announced that the company is laying off 6% of its workforce Dawn Ostroff, former head of content, is one of the key employees leaving the company The news of layoff...
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Looking To Invest In Cannabis? Here Are Our Top Marijuana Stock Picks For 2023
Getty Images Key takeaways 37 states have legalized cannabis for medical use, and 21 states have cannabis legal for recreational use There are many options for investing in cannabis stocks, from growe...
U.S. Economy Beats Estimates And Grows 2.9% In Q4
(Photo by Spencer Platt/Getty Images) Getty Images Key takeaways The U.S. economy grew at an annualized rate of 2.9% in Q4 2022, ahead of the forecast 2.8% It’s the second consecutive quarter of posit...
Which Tech Companies Will Break Out In 2023?
Getty Images Key takeaways With the rise of ChatGPT, all eyes are on the artificial intelligence space as investors and analysts look for the best investment opportunities right now Even though major ...
Unemployment Is Low, But So Is The Labor Force Participation Rate — What’s Going On In The U.S. Labor Market?
Getty Images Key takeaways Unemployment has consistently fallen since December 2021 One factor behind declining unemployment could be a slow recovery in the labor force participation rate since the on...
Highlights From Congress’ Latest Spending Bill — Points That Impact The Economy And Your Portfolio
Getty Images Key takeaways The December spending bill authorized the government to spend more than $1.7 trillion Line items were as varied as Ukraine aid and election oversight reform The bill also av...
Small Business Optimism Is At A Six-Month Low — How This Impacts Main Street And Wall Street
Getty Images Key takeaways According to the NFIB’s Small Business Optimism Index, the outlook of small business owners is down to its lowest in six months, when inflation was at a pandemic-era high. T...
SpaceX Deploys GPS 3 Satellites For Space Force In Its Latest Launch
AFP via Getty Images Key takeaways SpaceX launched a next-gen GPS satellite into orbit for use by the U.S. military The company has plans for additional launches in 2023 Within the space exploration s...
Microsoft And Amazon To Layoff A Total Of 28,000 Employees
Getty Images Key takeaways Combined, Amazon and Microsoft are laying off a total of 28,000 employees The wave of tech layoffs is continuing into 2023 An uncertain economic climate is one reason behind...
Keir Starmer Calls For An “inverse OPEC” To Accelerate Renewable Energy Adoption Worldwide
Getty Images Key takeaways UK opposition Labour Party leader Keir Starmer put out calls to develop an “inverse OPEC” to accelerate renewable energy adoption worldwide Starmer proposed a “Clean Power A...
Fireball Whisky Maker Sazerac Is Facing A Lawsuit
Getty Images for Nightclub & Bar Media Group Key takeaways Fireball Whisky maker Sazerac is facing a lawsuit that claims it intentionally misled customers about the contents of Fireball Cinnamon F...
10-Year Treasury Yield Drops In Response To Falling Prices
AFP via Getty Images Key takeaways The latest PPI numbers confirmed that inflation is on a downward trend and that, barring any significant world events that may influence American markets, we might e...
Quantum Computing Is Coming, And It’s Reinventing The Tech Industry
getty Key takeaways Quantum computing has seen major breakthroughs over the past few years. This technology can produce computers that calculate at incredibly high speeds compared to typical machines....
What Is A Crypto Miner And How Does Bitcoin Mining Work?
Bitcoin mining farm Getty Key takeaways The confusing world of crypto mining is all about computers, electricity and equations Hash rates and mining difficulty can show if the market is weak or strong...
What Microsoft’s Recent Layoffs Mean For The Company And Investors
Getty Images Key takeaways Microsoft announced 10,000 layoffs on January 18, 2023 These layoffs come amid a string of similar announcements from other tech businesses In his announcement, CEO Satya Na...
Tesla Cuts Prices To Compete For EV Sales And Tax Incentives — Will The Discounts Be Enough To Spur Lagging Sales?
Getty Images Key takeaways Tesla announced U.S. price cuts to all its models, ranging from $3,000 to $11,000. There are multiple reasons for the cuts, including slowing sales, an EV tax credit and mor...
Ioneer Lithium Stock Shoots Up On News Of A $700 Million Loan Commitment For A New Plant In Nevada
getty Key takeaways Ioneer secured a $700 million loan commitment from the U.S Department of Energy. The company still has to get final approval before mining can begin. Ford and Toyota have made shor...
IMF Chief Predicts A Recession For Developing Countries In 2023
AFP via Getty Images Key takeaways: IMF Managing Director Kristalina Georgieva is predicting that one-third of the world’s economies will slip into recession in 2023, with the biggest impacts being fe...
Canna Provisions’ CEO Is Reinventing Cannabis Dispensaries As Destination Stores In Massachusetts
Getty Images Key takeaways: Meg Sanders, Canna Provisions CEO, is a leader in the cannabis industry. The company operates two destination storefronts that have reinvented what a dispensary can be. The...
Lucid Motors Overdelivers On EVs In 2022, But Can It Compete With Tesla, NIO And Other Automakers?
Los Angeles Times via Getty Images Key takeaways: Lucid Group, a luxury electric vehicle maker, announced that it over delivered for 2022 by producing 7,180 vehicles instead of the original guidance o...
Greta Thunberg Detained During Climate Protest In Germany
AFP via Getty Images Key takeaways Greta Thunberg was among the “masses of protestors” detained in a climate protest in western Germany on Tuesday Ms. Thunberg, 20, made her name as a prominent climat...
What Is The Meaning Of A Stock Split?
getty Key takeaways Stock splits divide a company’s shares, creating more shares and lowering the stock’s price. This can help increase the liquidity of shares. Nothing about the underlying company ch...
Will There Be A Recession In 2023—And How Long Will It Last?
AFP via Getty Images Key takeaways Most economists believe that a recession is likely in 2023 Recessions are a regular part of a healthy economy and their length varies Calling the start and end of a ...
How Long Do Recessions Last?
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 a...
Here’s What It Means For Investors
Getty Images Key takeaways ChatGPT has become the talk of the town as users are shocked by how impressive this new technology is. The chatbot can write poetry, create content and even help you solve p...
How To Prep Your Finances To Weather The Storm
AFP via Getty Images Key takeaways Recessions bring many dangers, including job loss, rising prices and hefty interest rates. While these problems can be financially painful, there are steps you can t...
What Is Staking Crypto? How To Earn Extra Money During Crypto Winter
Getty Images Key takeaways Crypto markets have seen a significant downhill slide in recent months. Even during a crypto winter, investors have an opportunity to earn extra money. Crypto staking is an ...
Disney CEO Bob Iger Requires Hybrid Staff To Return To The Office At Least Four Days A Week
Getty Images Key takeaways During the pandemic, roughly 18% of the workforce worked remotely. Despite worker preference for working from home, companies like Disney have demanded a return to the offic...