recession
January 18, 2023 | Reuters
Microsoft to Cut 10,000 Jobs as Tech Layoffs Intensify
DAVOS, Switzerland—Microsoft Corp. on Wednesday said it would eliminate 10,000 jobs and take a $1.2 billion charge to earnings, as its cloud-computing customers reassess their spending and the company braces for potential recession. The layoffs add to the tens of thousands announced in recent months across the technology sector, which has downshifted following a strong […]
January 16, 2023 | Stefania Cox
NTD Evening News Full Broadcast (Jan. 16)
Two-thirds of economists surveyed by the World Economic Forum, which kicked off its annual meeting on Jan. 16 in Davos, Switzerland, say a global recession is likely to happen in 2023. Over the weekend, the White House announced it had found five additional pages of documents at President Joe Biden’s home. Mayor Eric Adams said […]
January 14, 2023 | Bryan Jung
New York’s Mayor Adams Unveils Record-High Budget of Nearly $103 Billion
New York City Mayor Eric Adams, revealed one of the largest budget proposals in the history of the city. On a Jan. 13 afternoon address from City Hall, Adams announced his record-high $102.7 billion fiscal 2024 budget proposal that would increase city government spending by nearly 1.6 percent. Overall city expenditures would be $1.6 billion […]
January 11, 2023 | Reuters
World Bank Warns Global Economy Could Tip Into Recession in 2023
WASHINGTON—The World Bank slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies, Russia’s war in Ukraine continues, and the world’s major economic engines sputter. The development lender said it expected global GDP growth of 1.7 percent in […]
January 7, 2023 | Don Ma
Expert: Recession Will Impact Amazon Sellers
NTD spoke with Fernando Campos, the co-founder of MarketplaceOps, an Amazon strategy firm that helps companies grow on Amazon. Campos shared his insights on what challenges amazon sellers would face amid the current economic environment.
January 2, 2023 | Tom Ozimek
2023 Spells Big Trouble for US Economy, Majority of Big Banks Warn: Reports
The vast majority of economists at 23 large financial institutions surveyed by The Wall Street Journal predict that the United States will fall into the grips of a recession in 2023 and millions of Americans lose their jobs. More than two-thirds of the nearly two dozen institutions—which include trading firms and investment banks that do […]
December 23, 2022 | Caden Pearson
Elon Musk Says He Won’t Sell Tesla Stock for 2 Years, Predicts ‘Serious Recession’ in 2023
Elon Musk, the billionaire head of Tesla, Space X, and Twitter, on Thursday predicted a “serious recession” in 2023 and promised not to sell Tesla stock next year “under any circumstances.” Speaking in a Twitter Spaces audio forum, Musk also assured investors Tesla hadn’t “skipped a beat on execution” since he took over Twitter. Twitter required an […]