The collapses of Silicon Valley Bank and Signature Bank over the weekend continue to dominate headlines and send ripples through markets. But even before the pair of bank failures, 2023 was on track for a nasty year for corporate defaults across the globe. According to S&P Global Ratings,… Read More »More Companies Are Going Bust This Year—and It’s Not Just Banks
Before the pandemic, Logikcull had an office in downtown San Francisco and, like most tech companies, it had a lot of meetings. After the pandemic, the company bought out the office lease and 110 employees scattered across 40 states and four countries. Just as other companies were adding online… Read More »Could this meeting have been an email? Employees are over meetings. Now companies are too
KEY POINTS Wholesale prices posted an unexpected decline in February, providing some encouraging news on inflation as the Federal Reserve weighs its next move on interest rates. The producer price index fell 0.1% for the month, against the Dow Jones estimate for a 0.3% increase… Read More »Wholesale prices post an unexpected decline of 0.1% in February; retail sales fall
KEY POINTS The pace of wage growth seems to be decelerating, according to the February jobs report issued Friday — but workers still have bargaining power in a cooling but strong job market, economists said. “Workers have a very strong negotiating position,” Mark Zandi, chief economist of Moody’s… Read More »Wage growth is cooling — but workers still have bargaining power, economists say
NEW YORK (AP) — Depositors withdrew savings and investors broadly sold off bank shares Monday as the federal government raced to reassure Americans that the banking system was secure after two bank failures fed fears that more financial institutions could fall. President Joe Biden insisted that… Read More »Government races to reassure US that banking system is safe
Inflation eased in February but remained stubbornly high, presenting a challenge for the Federal Reserve as it confronts how to slow the economy with higher interest rates at the same time it moves to stem banking problems. The consumer-price index, a closely watched inflation gauge,… Read More »U.S. Inflation Cooled in February as Fed Confronts Bank Failures
A US court has ruled that “gig” economy giants including Uber and Lyft can continue treating their workers as independent contractors in the state of California. The California appeals court found that a labour measure, known as Proposition 22, was largely constitutional. Labour groups and some… Read More »US court rules Uber and Lyft workers are contractors
If you sometimes feel like your days are being taken up by meeting after meeting, leaving you little time to get your actual work done, you’re not alone. According to research, 70% of meetings are keeping employees from completing their tasks, and remote working has only exacerbated… Read More »This is how a no meeting week boosts employee productivity and wellbeing
73% of workers with a side hustle are actively thinking about quitting their job. 60% of workers said that they would rather quit their job than return to the office five days a week. A combination of low minimum wages and a rapidly increasing cost… Read More »Up to 45 Percent of Americans Have a Side Hustle
Overall, positivity about the U.S. economy remains muted, with just 23% of respondents to a recent survey saying they are optimistic about the domestic outlook for the next 12 months. That’s an improvement from the fourth quarter, when just 12% expressed optimism. Also, 45% of respondents in… Read More »Inflation, talent, labor costs: 3 challenges amid slightly rising optimism