China is launching a financial crackdown in its chip industry over misappropriation of funds, as competition with US chipmakers heats up and the Communist Party national meeting is just a…

Middle class households appear to be beginning to feel the effects of the record inflation. Among households with income between $30,000 and $100,000, 75% say their earnings are falling below…

Beyond Meat reduced its revenue guidance for the year and announced it would be laying off employees, as the company’s efforts to make its expensive plant-based meat substitute more affordable…

Amazon latest expansion into the health care sector, with its purchase of One Medical for $3.9 billion, is part of a broader strategy to acquire companies which complement its business…

Oil continued to drop to the lowest price in nearly six months as weaker gasoline demand and fears of a recession weighed on markets. West Texas Intermediate dropped 2.3% to…

On Wednesday, Walmart confirmed it has begun to lay off corporate employees. The confirmation comes a week after the company warned that due to inflation, consumers had pulled back on…

A study by Revelio Labs showed job postings which made reference to the “Metaverse” fell by 81% from April to June in 2022. Although portrayed as the next big thing…

Jobless claims remained near a nine-month high, at 260,000 unemployment applications, showing the US labor market is softening as inflation continues to persist and the Fed has been instituting record…

As it announced it would be raising interest rates by 0.5%, the Bank of England warned the UK that by the fall it expects the economy will be thrown into…

A scandal is brewing in a segment of the Chinese economy where commodity traders take loans to procure and supply raw materials to refiners, in return for supplying interest and…