U.S. economy shrinks in the second quarter, GDP shows, and invites talk of recession
admin The numbers: The U.S. economy shrank at a annual 0.9% pace in the second quarter…
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Mastercard earnings top expectations amid ‘robust’ spending
Mastercard Inc. became the latest payments company to signal upbeat spending trends as the card…
Read MorePost-Fed euphoria wears off as U.S. stock futures trade lower
U.S. stock futures edged lower Thursday after a euphoric reaction to a comment that the…
Read More‘It’s natural for everyday investors to wonder when these interest-rate increases will stop’: The ‘terminal rate’ — the peak of this rate cycle — may still be far off
The economy is somewhere in the Federal Reserve’s interest rate hiking saga to tame inflation,…
Read MoreFacebook revenue declines for first time, and Meta’s downfall is expected to get worse
The second quarter was as bad as Meta Platforms Inc. executives feared, and the third…
Read More‘It will be mostly a white-collar recession’: Milken economist William Lee on how the next economic downturn will be different
“It will be mostly a white-collar recession. And the blue-collar recession will not be in…
Read MoreCoursera stock walloped after earnings in latest downbeat signal for online education
Shares of Coursera Inc. tumbled more than 26% in after-hours trading Wednesday after the company,…
Read MoreFacebook revenue declines for first time, and Meta’s downfall is expected to get worse
The second quarter was as bad as Meta Platforms Inc. executives feared, and the third…
Read MoreShopify predicts steeper losses, but stock still rallies after earnings
A day after announcing it would conduct steep layoffs, Shopify Inc. announced a quarterly loss…
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Opinion: Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?
Yahoo was once the most popular website on the planet, the only place that everyone…
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