Are we headed toward recession? If you’re worried about the impact that a recession could have on your savings, here are some things to consider.
Market Snapshot: Dow, S&P 500 book worst day in 2 weeks as Powell’s hawkish tone sparks concerns over higher interest rates
U.S. stock indexes finish sharply lower on Tuesday as investors digest Fed Powell’s hawkish message to Congress that the central bank will not rule out bigger interest rate hikes at the coming March meeting in order to tame stubborn inflation.
Dow Jones Newswires: German factory orders unexpectedly rose in January on higher aircraft demand
Manufacturing orders rose 1% in January compared with the previous month, according to price-adjusted data from the German statistics office Destatis.
Dow Jones Newswires: Online retailer Zalando reports lower revenue for 2022
The German online retailer on Tuesday posted annual revenue of 10.34 billion euros ($11.05 billion), down 0.1% from 2021.
The Moneyist: ‘She is a grifter’: My father set up a $500,000 trust for my troubled sister, and asked me to be trustee. What are the risks involved in being a trustee?
‘Can you help me understand the risks involved in being a trustee?’
: Meta poised to cut thousands more jobs in new round of layoffs: report
Facebook and Instagram parent company Meta Platforms Inc. is preparing for a new round of layoffs, according to a new report, just four months after slashing 13% of its workforce.
Dow Jones Newswires: Australia’s central bank announces 10th rate hike but sounds less hawkish
The increase takes the official cash rate to 3.60%, its highest level in over a decade, from 3.35% in February, and up from 0.10% in May last year.
: Self-driving truck startup Embark says it may go bust, shares plunge 33%
Shares of autonomous-truck startup Embark Technology Inc. sank Monday after the company announced deep layoffs and said it may go out of business.
Dow Jones Newswires: Grindr’s fourth-quarter revenue grows while net income dwindles
Grindr Inc. posted higher revenue and lower net income in the latest quarter as it outlined how it will drive monetization efforts in 2023.
: Google needs to do more to ensure equity in AI, content moderation and ads, civil-rights audit finds
After shareholder pressure to examine how Google’s policies and practices affect equity within the company and among its products, Alphabet Inc. has released the results of a civil rights audit.
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