When professional stockpickers beat the algorithms – The Economist
Last year’s plunging markets left few investors smiling. Stocks and bonds fell in tandem; haven assets failed to offer safe harbour. Doing well meant making...
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Small Businesses Keep Hiring as Fed Raises Rates to Cool Economy – WSJ
A surge in hiring by American small businesses complicates the Federal Reserve’s effort to cool inflation. Small companies have been responsible for all of the...
These are some of the notable companies laying off workers – The Washington Post
The U.S. job market has been remarkably strong, even in the face of other economic head winds. Yet there’s been a proliferation of large-scale layoffs...
Why QT Is Forcing the ECB to Rethink Its Monetary-Policy Levers – Bloomberg
Market ructions are the immediate worry as the European Central Bank prepares to retreat from €5 trillion ($5.4 trillion) of bond holdings, but the exit...
How will Google solve its AI conundrum? – The Financial Times
In the AI arms race that has just broken out in the tech industry, Google, where much of the latest technology was invented, should be...
Inflation has hit 7.8% over the past year – so why aren’t Australians running for the hills? – The Guardian
It says a bit about how the economy (both here and around the world) is in a very different place to a year ago when...
IBM is cutting 3,900 jobs – CNN
IBM has become the latest tech giant to slash thousands of jobs, with 3,900 positions, or 1.5% of its global workforce, expected to be eliminated....
U.S. Economy Slows, but Europe’s Picks Up, Raising Hopes World Will Avoid Recession – WSJ
Two of the world’s largest economies moved in opposite directions at the start of the year, with U.S. businesses reporting further declines in activity in...
Could the world really avoid a recession? – The Economist
Last year markets had a terrible time. So far 2023 looks different. Many indices, including the Euro Stoxx 600, Hong Kong’s Hang Seng and a...
Is a US Recession Near? Making the Call Is Trickier Than Ever – Bloomberg
When it comes to forecasting a recession, economists today have a wealth of tools and data. Even so, it’s still more of an art than...