Economy Industry News

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washingtonpost.com - Heather Long - Opinion | What the mass tech layoffs mean for the U.S. economy
Opinion | What the mass tech layoffs mean for the U.S. economy
Washington Post

Hardly a day goes by that there aren't announcements of mass layoffs at marquee tech firms: 8,000 at Salesforce, 10,000 at Microsoft, 12,000 at Google, the largest in company history, and 18,000 at Amazon. IBM and music streaming service Spotify…

csis.org - Domestic Perspectives on IPEF's Digital Economy Component
Domestic Perspectives on IPEF's Digital Economy Component
Center for Strategic and International Studies

The Indo-Pacific region's digital economy is rapidly evolving. Unless the Biden administration offers a compelling vision for the future of the digital economy in its Indo-Pacific Economic Framework for Prosperity (IPEF) that addresses varied U.S.

reuters.com - Matt Spetalnick - U.S. seeks to advance Americas economic plan with partners
U.S. seeks to advance Americas economic plan with partners
Reuters

WASHINGTON, Jan 27 (Reuters) - U.S. Secretary of State Antony Blinken joined with counterparts from across the Americas on Friday seeking to advance efforts to forge a regional economic partnership, building on a framework President Joe Biden…

whitehouse.gov - FACT SHEET: Biden-Harris Administration Advances Americas Partnership for Economic Prosperity
FACT SHEET: Biden-Harris Administration Advances Americas Partnership for Economic Prosperity
The White House

Newly announced initial partners represent about 90 percent of the Western Hemisphere's GDP At the opening ceremony of the Summit of the Americas, President Biden announced the Americas Partnership for Economic Prosperity (Americas Partnership), a…

ft.com - Valentina Romei - Spain's economy expands more than expected
Spain's economy expands more than expected
Financial Times

Fourth-quarter GDP inches up 0.2% but output remains below pre-pandemic levels Receive free Spanish economy updates We'll send you a myFT Daily Digest email rounding up the latest Spanish economy news every morning. The Spanish economy expanded…

businessinsider.com - George Glover - Investors don't listen to Elon Musk on the economy, Tesla bull says
Investors don't listen to Elon Musk on the economy, Tesla bull says
Business Insider

Tesla CEO Elon Musk warned of a recession in the company's fourth-quarter earnings update. But investors shouldn't fret about his outlook, according to The Future Fund co-founder Gary Black. Any economic downturn will be shallow because the Federal…

marketwatch.com - Joseph Adinolfi - Oil prices climb as U.S. economic hopes brighten; natural gas trades at lowest since 2021
Oil prices climb as U.S. economic hopes brighten; natural gas trades at lowest since 2021
MarketWatch

Oil futures edged up again on Friday as traders fixated on improving demand prospects driven by China's economic reopening and expectations that the U.S. economy could achieve a “soft landing” and avoid a recession later this year.

thehill.com - Tyler D. Bates, Opinion Contributor - NASA and the Space Force should catalyze the US space economy
NASA and the Space Force should catalyze the US space economy
The Hill

Success in outer space is essential for American leadership and prosperity. Space holds infinite potential to strengthen America's national power through scientific discovery, technological advancement, international cooperation, military…

thedailybeast.com - Sam Brodey - How a MAGA Split With Big Business Could Break the Economy
How a MAGA Split With Big Business Could Break the Economy
The Daily Beast

When Washington was on the brink of careening off the so-called fiscal cliff in 2011, recalcitrant congressional Republicans were facing pressure from a crucial ally. The U.S. Chamber of Commerce, the country's most powerful business lobby, had a…

theglobeandmail.com - Eric Reguly - Opinion: Lebanon is on the verge of becoming a failed state after an unprecedented economic collapse
Opinion: Lebanon is on the verge of becoming a failed state after an unprecedented economic collapse
The Globe and Mail

Please log in to bookmark this story. Create Free Account Two and a half years ago, one of the biggest non-nuclear explosions ever recorded levelled the Port of Beirut and shredded other parts of Lebanon's capital. The detonation of almost 3,000…

newyorker.com - John Cassidy - Two Key Things to Know About This Confusing Economy
Two Key Things to Know About This Confusing Economy
The New Yorker

Among the noneconomists I've recently interacted with, there is a lot of confusion and uncertainty about how the economy's doing and where it is heading. Among economists, it's pretty much the same. Some of them are predicting a recession starting…

venturebeat.com - Tim Keary - Leaders anticipate cyber-catastrophe in 2023, report World Economic Forum, Accenture
Leaders anticipate cyber-catastrophe in 2023, report World Economic Forum, Accenture
VentureBeat

Check out all the on-demand sessions from the Intelligent Security Summit here. 2022 was a difficult year for enterprise security, with the Russia-Ukraine war emboldening cybercriminals and ransomware-as-a-service beginning to thrive.

cnbc.com - Natasha Turak - Beyoncé, a $100k-a-night suite and a red carpet of influencers: Dubai basks in its booming economy
Beyoncé, a $100k-a-night suite and a red carpet of influencers: Dubai basks in its booming economy
CNBC

A concert, which took place over the weekend, was the grand finale event of Atlantis The Royal's 'grand reveal,' whose 1,500 guests included model Kendall Jenner, rapper Jay-Z and a host of other influencers, socialites and royals. Rooms at the…

theglobeandmail.com - Natural disasters caused $313-billion economic loss in 2022, Aon says
Natural disasters caused $313-billion economic loss in 2022, Aon says
The Globe and Mail

Images are unavailable offline. Natural disasters, many driven by climate change, caused global economic losses of US$313-billion in 2022, insurance broker Aon estimated on Wednesday, of which less than half was insured. Losses from natural…

forbes.com - Expert Panel - Council Post: 10 Important Expenses Every CEO Should Budget For In Today's Economic Climate
Council Post: 10 Important Expenses Every CEO Should Budget For In Today's Economic Climate
Forbes

As businesses recover from the pandemic-fueled events of the last few years, as well as grapple with the uncertainty of today's economic climate, entrepreneurs are likely to feel cautious and unsure of how to plan for the success of their…

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