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....
Author : Nelli Avetisyan
Money matters with climate change
The climate awareness campaign Make My Money Matter has written to the senior leadership of HSBC, Barclays, Santander, NatWest and Lloyds Banking Group to ask...
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...
How (not) to explain economics to the public – The Financial Times
I had some sympathy for UK chancellor Jeremy Hunt last week when he was teased for trying to explain inflation with coffee cups and a...
Microsoft Posts Earnings Beat On Solid Cloud Results, But Guidance Disappoints – Barron’s
Microsoft posted better-than-expected results for the December quarter, driven by strength in cloud computing. But the strong results were tempered by disappointing guidance for the...
How Many People Were Actually Laid Off So Far in San Francisco and Silicon Valley? – Wolf Street
There have been a gazillion layoff announcements by companies headquartered in San Francisco and in Silicon Valley, and there are websites that track those announcements...
The Energy Transition Confronts Reality
Given the scale and complexity of the transition away from hydrocarbons, some worry that economic analysis has been given short shrift in the policy planning...
For Tech Companies, Years of Easy Money Yield to Hard Times – The New York Times
Rock-bottom rates were the secret engine fueling $1 billion start-ups and virtual attempts to conquer the physical world. But in 2023, reality bites.Eighteen months ago,...