Global recession likely, say 63% of chief economists in WEF survey
Many chief economists had somber predictions about whether the global economy would fall into a recession in 2023, according to a World Economic Forum survey.
TikTok offers more transparency to avoid sweeping US ban: report
Chinese-owned video-sharing app TikTok is reportedly offering U.S. officials oversight of its algorithms, a major concession as the company seeks to avert a ban.
Founders of bankrupt Three Arrows Capital plan trading platform for distressed crypto debt
Su Zhu, co-founder of Three Arrows Capital, now bankrupt hopes to raise $25 million in seed money for an exchange to handle FTX's and others' distressed crypto assets.
US job openings are historically high and there’s no ‘quick fix,’ expert warns
The divergence between U.S. job openings and unemployment could create volatility across the economy, Cato Institute director of general economics Scott Lincicome argues.
Florida real estate bombshell could destroy a lot of wallets
Will Florida's newly-passed condo reserves law help save lives or bring pain to homeowners' wallets? Market experts Joe Pinion and Mitch Roschelle weigh in.
Autonomous racing in Las Vegas sees cars hit 180 mph with no human intervention
CES 2023 saw the Indy Autonomous Challenge welcome nine teams from six countries to compete in high-speed races with vehicles independent of human control.
Bird Buddy smart feeder uses AI to identify over 1,000 feathered friends in your backyard
Bird Buddy has created a new prototype for an AI-integrated Smart Hummingbird Feeder that can identify 350 different species even while they are in flight.
Mortgage rates drop again, creating opportunity for homebuyers: Freddie Mac
The average rate for a 30-year fixed-rate mortgage fell to 6.33% for the week ending Jan. 12, according to Freddie Mac's Primary Mortgage Market Survey.
The markets and the Martin Luther King Jr. holiday: Here's what you should know
Monday is the second market holiday of the new year as trading gets put on hold in recognition of the Martin Luther King Jr. holiday.
Experts debate benefits of quiet hiring: 'Temporary solution,' 'nothing new about it'
A new trend known as "quiet hiring" has divided business leaders and HR pros, with some arguing that it will help workers negotiate for higher pay and benefits.
Bitcoin on a roll to start the new year
After a dismal year in 2022, bitcoin has started off the new year gaining 24%, while rising in 13 of the last 15 days.
Crypto.com cuts 20% of staff, citing economic hurdles and FTX collapse
Crypto.com cuts hundreds of workers in the wake of rival FTX's collapse. A lack of faith in future cryptocurrency markets has sent valuations tumbling.
BlackRock CEO Larry Fink weighs in on recession probability, US debt default
BlackRock CEO Larry Fink weighed in on the probability of a recession and the risk of the U.S. government defaulting on its debt on "The Claman Countdown."
Bank of America CEO sees 'mild recession' in 2023 and is preparing for worse
The U.S. economy is likely headed for a recession in 2023, according to Bank of America CEO Brian Moynihan, who is preparing for a mild downturn this year.
Bank earnings beat expectations despite ‘headwinds’, JPMorgan CEO ‘prepared for whatever happens’
JPMorgan Chase, Citibank, Wells Fargo, and Bank of America earnings reports on Friday beat expectations
Wells Fargo suffered 50% profit loss during the fourth quarter
Wells Fargo suffered a 50% profit loss during the fourth quarter last year after a $3 billion penalty was assessed by a government agency for a six-year loan mismanagement scandal.
New conforming loan limits create additional housing supply: Zillow
The Federal Housing Finance Authority (FHFA) increased its conforming loan limits, making an additional 2 million homes eligible to be financed by mortgages backed by Fannie Mae and Freddie Mac.
J&J slashes production of its unpopular COVID-19 shot
A partnership with rival Merck & Co. to help make the shots, forged at the urging of the U.S. government, hasn’t lived up to expectations. The companies are now engaged in arbitration.
Bed Bath & Beyond reportedly selling assets to private equity firm, retailer says no comment
The New York Times has reported that Bed Bath & Beyond is the in the process of selling chief assets like Buy Buy baby to Sycamore Partners in New York.
Today’s 20-year mortgage rates remain best opportunity for interest savings | Jan. 13, 2023
Check out the mortgage rates for Jan. 13, 2023, which are up from yesterday.



















