E-commerce giant cancels 76,500 hours of meetings in new year
Shopify Chief Operating Officer Kaz Nejatian said in an internal letter sent to employees that it will be clearing out over 76,000 hours of meetings in the new year.
December jobs report expected to show hiring cooled last month but remained strong
The Labor Department's December jobs report will shed light on the health of the labor market in the final month of 2022 when it is released on Friday.
Stitch Fix to cut 20% of salaried jobs, CEO stepping down
Stitch Fix is working to create a "more nimble organization" as it seeks to become more viable during the economic downturn. As part of this transition, its CEO is stepping down.
Natural gas prices ‘sporadic and may begin toppling’
The price of natural gas has been turbulent since the early days of the pandemic, but a recent shift in winter weather could steady the energy sector
Vimeo to lay off 11% of workforce citing 'deterioration in economic conditions'
Vimeo on Wednesday became the latest company to announce a reduction in its workforce due to deteriorating economic conditions. The cuts will impact nearly every department.
Salesforce to lay off 10% of workforce to cut costs amid economic downturn
Salesforce said it will trim its workforce by 10% after hiring too many people leading into the economic downturn. CEO Marc Benioff says he is taking responsibility for this.
S&P energy sector’s record 2022 performance ‘built on downfall of others’
The S&P 500’s energy sector was boosted by rising oil prices as other sectors suffered amid inflation and weakened economy
Finland gets floating LNG terminal to replace Russian gas
As Finland looks to distance itself from Russia and join NATO, it sees energy security as an important step and LNG capacity is crucial to independence.
Real estate in 2023: Best, worst locations to move to in the new year
Experts offer insights into what parts of the country are best to move to if you're looking to get the most bang for your buck in the real estate market in 2023.
Gas prices could rise back to $4 per gallon as early as May 2023, Gasbuddy says
A new projection from GasBuddy suggests that gas prices will decrease next year after record highs in 2022, but they could still hit $4 per gallon by May.
US emergency oil stockpiles drop to lowest level since 1983 as gas prices tick up
The nation's emergency oil stockpile managed by the Energy Department declined to its lowest level in 39 years last week as gas and oil prices increased, federal data showed.
Fed's preferred inflation gauge cooled in November, but prices remained stubbornly high
Inflation showed signs of cooling last month, a welcoming sign for the Federal Reserve as it tries to cool consumer prices with higher interest rates.
Economic index falls for ninth straight month, flashing recession warning
The Conference Board's Leading Economic Indicators index fell for the ninth straight month, signaling that a recession is looming on the horizon in the U.S.
GDP revised upward for Q3, but economic uncertainty remains
GDP estimate revised upward for the third quarter, but Americans are still concerned about inflation, high interest rates and a possible recession.
US economy faces turbulent 2023 as recession fears grow
The U.S. economy is likely headed for a recession in 2023 as a result of the Federal Reserve's fight to kill inflation with steep interest rate hikes.
Mortgage rates continue downward trend, falling for sixth week
Federal Reserve rate hikes, high inflation, and worries of recession keep the housing market depressed even though rates fall for sixth week in a row to 6.27%.
States attempt to help Americans facing rising energy costs
Heating costs for homes using natural gas are expected to rise 25% this winter compared with the previous winter, according to the U.S. Energy Information Administration.
Layoffs are on the rise, but nearly 50% of workers are still looking to quit in 2023
Companies across a range of industries are implementing hiring freezes and workforce reductions amid the uncertain economy. Many professionals are still considering quitting anyways.
Rising car repossessions trend warning sign for economy, report says
The number of car repossessions across the United States is on the rise and expected to continue into the new year. Some industry experts say it is a sign of the economy.
Amtrak unveils new trains that will replace aging fleet
Amtrak has unveiled its newest trains. The company said the modern and more sustainable Amtrak Airo will start debuting in 2026 and operate on routes nationwide.



















