Category: Slowdown

FTX’s bankruptcy caps off a brutal period for the tech trade, which laid off more than 20,000 people in the...

Elon Musk disses Mark Zuckerberg Associated Press The tech trade is in a period of intense turbulence amid mass firings and FTX’s downfall.  More than 20,000 tech staff have been fired in simply the last two weeks, based on calculations by Insider.  In a latest letter to Mark Zuckerberg, one investor known as for layoffs, saying staff will “quickly” discover alternative jobs. For not less…

The Fed took the punch bowl away when the party was already ‘pissed drunk’ and now a US recession is...

Federal Reserve Board Chair Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., July 27, 2022. Elizabeth Frantz/Reuters The Federal Reserve acted too late to start battling inflation by raising rates, David Rosenberg said. It removed the punch bowl when everyone was already “pissed drunk,” the veteran economist said. The Fed’s “full steam…