us fed – pressnews

[ad_1] Companies are shielding their workforces from efforts to cool inflation, squeezing profit with the hope of a faster recovery later. All the tightening moves by the Federal Reserve this year to rein in inflation are supposed to lead to less hiring and spending by companies. But there is no law that says the biggest, most profitable companies have to cut back if they don't feel like it. And the cuts showing up in this quarter's earnings reports from the biggest tech companies amount to going from three scoops of ice cream to two.If you're wondering why employment growth has been robust despite the warning signs in financial markets, the structural change in Silicon Valley that's happened since the early 2000s dot-com bust is a big part of it. The employment numbers this quarter f...

[ad_1] Cryptocurrencies fought off declines triggered by another large US Fed interest-rate hike, though sentiment remained cautious. Cryptocurrencies fought off declines triggered by another large Federal Reserve interest-rate hike, though sentiment remained cautious given the central bank's warning of economic pain ahead from tightening policy. Bitcoin, the largest token, was about 1.2% higher as of 10:50 a.m. in London on Thursday after earlier sliding as much as 4% toward levels last seen in 2020. Second-biggest coin Ether continued to underperform, shedding 2%. Markets are shuddering at the Fed's determination to fight inflation by constricting financial conditions. Shorter maturity Treasury yields jumped more than ...

Tag: us fed

Fed’s Slowdown Isn’t Getting Much Help From Big Tech

Bitcoin Erases Drop Sparked by US Fed’s Warning of Rate-Hike Pain