Zillow Lays Off 300 As Stock Is Down 52% For The Year
As the housing market continues to slow down amid the Federal Reserve’s aggressive series of interest rate hikes, Zillow Group Inc. has been forced to lay off 300 employees. The…
Musk Walks Into Twitter Headquarters Carrying The Kitchen Sink
Elon Musk wants people to know he is throwing out everything but the kitchen sink at Twitter. The billionaire posted a video to Twitter of him walking into Twitter headquarters…
Meta Misses On Profits, Stock Down 11%
Meta, the parent company of Facebook, reported third quarter earnings, meeting expectations on revenue, but falling short on earnings per share and offering lower fourth quarter guidance than expected. Revenue…
Germany Dismantles Wind Farm To Expand Coal Mine
In Germany, an energy company is dismantling a wind farm in order to expand an open-pit lignite coal mine, in but just one example of the government’s transition from a…
Mortgage Interest Rates Hit Highest Level Since 2001
As financial conditions tighten and weigh down the housing sector, the average interest rate on the most common home loan has hit the highest level seen since 2001, according to…
Google Feels The Pinch From The Economic Slowdown
Google parent Alphabet’s (GOOG, GOOGL) third quarter earnings report fell short of expectations in revenues and profits, in large part due to YouTube advertising revenue falling $400 million short of…
European Purchasing Managers Index Falls Again
In the Eurozone, the Purchasing Managers Index for October, compiled by S&P Global, has fallen to the lowest level since April of 2013, if you do not consider the artificial…
IEA Director Says World Heading Toward First Global Energy Crisis
Fatih Birol, the executive director of the International Energy Agency (IEA), says that as oil supplies are curtailed after OPEC+’s recent production cuts, and the market for liquified natural gas…
More Americans Are Now Living Paycheck To Paycheck
A new report shows as inflation eats away at American pocketbooks, a historically high number of Americans are now living paycheck to paycheck – with half of those earning six…
Raytheon Profits Grow Off War In Ukraine
Defense contractor Raytheon Technologies’ third quarter report showed a 5% year over year surge in revenues as the war in Ukraine continues to pour money into the company, and rising…
