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BlackRock has let go of 500 employees, or less than 3% of its workforce, representing the company's first round of layoffs since 2019. As for Bank of America, it enjoyed a solid fourth quarter of ...
Goldman Sachs expects the core personal expenditure rate, or CPE — which is the Fed’s preferred inflation gauge — to drop all the way to 2.9% by year-end 2023, down from about 5.1% currently ...
There are signs of slowing in the labor market that worry some economists. For instance, Deutsche Bank senior economist Brett Ryan — whose firm still predicts a mild recession in the first part ...
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank ...
These layoffs had reverberating effects on both established game development studios and emerging companies, impacting employees, projects, and the overall landscape of the gaming industry. The layoffs caused several video games to be canceled, video game studios to be shut down or divested from their parent company, and thousands of employees ...
North America was one of the focal points of the global Great Recession. While Canada has managed to return its economy nearly to the levels it enjoyed prior to the recession, [1] the United States and Mexico are still under the influence of the worldwide economic slowdown. The cost of staple items dropped dramatically in the United States as a ...
Hundreds of workers in a small Ohio city are reeling after banking giant Barclays terminated 252-plus jobs in one fell swoop. One former employee claims they weren’t provided any notice.
By almost any measure, the U.S. job market is humming along in high gear and has been for quite a while. The unemployment rate has hovered below 4% for nearly two years, according to U.S. Labor...