In the first two weeks of the new year, several prominent companies, including Amazon, Citigroup, Xerox, Google and BlackRock, have announced plans to cut jobs,...
Insolvency experts are reportedly gloomy about what 2024 will bring big companies. These firms will face continued high borrowing costs and reduced consumer spending, with tech companies...
Small community banks in the United States are ending the year in crisis mode. Many of these banks are wrestling with choices they made when...
A lot can change in a year, particularly for the small- to medium-sized business (SMB) segment. And while change can be a constant, constant change...
The end of pandemic relief and steep interest rates have ramped up corporate bankruptcies. Business bankruptcy rates had been falling in the U.S. for a...
Opendoor Co-founder Eric Wu will resign from the company effective Jan. 1. Wu will leave his roles as president of marketplace and a member of...
The Fed’s signaled a pause for now — and rate cuts on the horizon. The near-term horizon, that is, and as has been widely reported,...
Consumer sentiment soared in December, reaching a point 13% higher than the previous month and 16% above the year-ago level. This marked a turnaround in...