WPP’s RTO mandate could spill over to other agencies: Its four-day requirement is upsetting employees hired during an era of remote work.
Article
| Jan 8, 2025
Solid December sales cap a year of healthy retail growth: But 2025 could be a different story, as tariff concerns keep all but the wealthiest consumers from spending freely.
Article
| Jan 16, 2025
The incoming Trump administration aims to square a circle: Members of the economic team consider how they can implement tariffs without sparking inflation.
Article
| Jan 14, 2025
Trump’s tariff threats create stress and uncertainty: “Nothing is off the table” when it comes to the shape, structure, or form of tariffs, which makes planning for them difficult.
Article
| Jan 8, 2025
Chart
| Feb 3, 2025
Source: Wakefield Research; Sentry Insurance
Apple’s MacBook mostly dodged holiday weakness a few quarters ago, but shipments fell 40.5% compared to the first three months of 2022. This trend could continue throughout the year.
Article
| Apr 11, 2023
2023 layoffs expose Big Tech’s dirty laundry: Tone deafness, overexpansion, and lack of focus on security are the industry’s pressing problems that need to be resolved before the economy recovers.
Article
| Jan 10, 2023
Uncertainty ahead: Job creation among small and medium-size businesses has been good for workers, but it signals that the Fed could continue to enact bold interest rate hikes this year. A resulting drought of capital could curtail the outlook for tech’s economic recovery and mean more layoffs.
Article
| Jan 9, 2023
Article
| Feb 6, 2023
A growing list of legal problems for large platforms: A Texas investigation is a reminder of the coming era of privacy regulation.
Article
| Dec 16, 2024
Amazon laying off 18,000: That’s significantly more than previously disclosed and could indicate that widespread job cuts are around the corner for tech companies. Job uncertainty could lead to panic and stall innovation.
Article
| Jan 6, 2023
Smartphones are one of Korea’s largest exports due to the dominance of Samsung as an Android OEM. They are also a key source of income for Vietnam, where various phone and component factories assemble the devices. Apple, whose iPhone 14 supply was constrained by China’s factory closures, is looking to expand into India. Decreased demand could slow down expansion plans.
Article
| Jan 27, 2023
Microsoft is the latest to resort to layoffs: The company is reducing its headcount by 5% as it pivots to plug AI into its key products, subscriptions, and cloud services. But AI still has a lot of hurdles to jump.
Article
| Jan 19, 2023
SVB leaves void of startup support in its wake: Depositors may get their money back but they’ll lose the go-to institution for young companies accessing capital. Brace for startup failures.
Article
| Mar 15, 2023
Meta’s vow of efficiency marks renewed optimism: Meta shares rally after analysts upgrade stock due to Meta’s new, leaner direction. Meanwhile, the company continues to spend billions on an unrealized metaverse pivot.
Article
| Feb 3, 2023
US, allies put pressure on China’s chipmaking efforts: Key producers of equipment critical for advanced chip design won’t be exported to China, which could lead to reprisal or wider geopolitical retaliation.
Article
| Jan 31, 2023
The news: Reeling from its first revenue decline since 2019 as iPhone and Mac sales slump, Apple is reportedly thinking of more premium handsets, while allowing carriers to discount in China, per The Register. Apple reported earnings of $117.1 billion, versus the $121.1 billion expected. This is its biggest decline in revenues since 2016, per Yahoo.
Article
| Feb 7, 2023
Article
| Dec 9, 2024
Chinese consumers kept a tight lid on spending in November: Retail sales fell short of expectations despite Singles Day promotions, pushing Beijing to promise stronger stimulus.
Article
| Dec 16, 2024
Chart
| Jan 8, 2025
Source: Omdia; GfK; BPI (The British Recorded Music Industry); British Association for Screen Entertainment (BASE); Nielsen; Entertainment Retailers Association (ERA) - UK; Futuresource Consulting; Official Charts Company; IHS Markit
The trend: The debut of generative AI made attendees at the World Economic Forum in Davos nervous about the future of white-collar jobs and the rise of misinformation. AI can now process a mortgage application in minutes compared with the previous 30 days, according to Automation Anywhere CEO Mihir Shukla, per The Guardian. OpenAI’s ChatGPT passed Wharton MBA and medical school exams.
Article
| Jan 26, 2023
VC firms scramble to keep money flowing to climate tech: After a pandemic-era funding boom, economic uncertainty threatens to undermine climate innovation. Recognizing the ROI, VC firms are taking action.
Article
| Apr 27, 2023
Tech’s nightmare becomes reality: As Amazon lays off thousands more, the talent bloodletting shows no signs of letting up. It’s a symptom of impulsivity in the tech industry that could come back to haunt it amid the tight labor market.
Article
| Mar 21, 2023
UK retailers face a challenging holiday season: The UK economy has grown in just one of the four months since Labour took power, exacerbating shopper gloom.
Article
| Dec 13, 2024
What this means for bank marketers: Banks can position themselves as trusted partners to their customers who are feeling the economic uncertainty or struggling to navigate the rate changes. Here's how:. Offer specific tools like mortgage calculators, budgeting tools tailored to rate-sensitive expenses, and educational resources on managing debt in a changing environment.
Article
| Dec 12, 2024