Business Update – January 25, 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. The government hits its debt ceiling The treasury secretary said the government would suspend debt issuance and investments into two government employee retirement funds until Congress acts. Microsoft throws its weight behind OpenAI Microsoft is making a multibillion-dollar investment in the artificial intelligence startup OpenAI, which makes ChatGPT, DALL-E…  Read more

Business Update – January 18, 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. How will this recession be different from 2008? Economists predict a recession will arrive by the end of this year, but the downturn will likely play out much differently than it did in 2008. Leaders descend on Davos to talk about economics The World Economic Forum (WEF) returned to…  Read more

Business Update – January 11, 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Layoffs ahead for Goldman Sachs According to a person familiar with the matter, Goldman Sachs will lay off as many as 3,200 employees this week. The bank has been hit by a slump in global activity. Investors weigh their chances against further rate hikes Money market bets are showing…  Read more

Business Update – December 21, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stocks aren’t strong heading into the holiday season Wall Street closed lower on Monday for a fourth straight session, with investors avoiding riskier bets. They worry that the Fed’s tightening campaign could push the economy into a recession. Jan. 6 committee recommends criminal charges The January 6 Committee recommended…  Read more

Business Update – December 13, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Small businesses hold the key to supply chain resilience Small and midsize businesses play an important role in supply chains, representing 44% of US private employment and most of the country’s STEM jobs. They also represent an enormous opportunity to improve supply chain resilience while increasing overall competitiveness. A…  Read more

Business Update – December 6, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. A weak start for stocks as we wait for the Fed’s next announcement Stocks started the week with a tumble on Monday, due to fears that the Federal Reserve may continue tightening until it tips the economy into a recession. Cryptocurrency exchange founder pledges to testify Former FTX CEO…  Read more

Business Update – November 23, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Bob Iger returns to steer Disney through tough economic times The former CEO has agreed to serve another two years for the company effective immediately. Disney highlighted a fivefold market value increase under his leadership, adding that he had a “mandate from the board to set the strategic direction…  Read more

Business Update – November 23, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Bob Iger returns to steer Disney through tough economic times The former CEO has agreed to serve another two years for the company effective immediately. Disney highlighted a fivefold market value increase under his leadership, adding that he had a “mandate from the board to set the strategic direction…  Read more

Weekly Digest – November 16, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Fed hints that it may soon slow interest rate hikes Federal Reserve Vice Chair Lael Brainard indicated Monday that the central bank could soon ease up on its aggressive interest rate hikes, saying that it may soon be appropriate to move to a slower pace. Stock market steadies as…  Read more

Weekly Digest – November 16, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Fed hints that it may soon slow interest rate hikes Federal Reserve Vice Chair Lael Brainard indicated Monday that the central bank could soon ease up on its aggressive interest rate hikes, saying that it may soon be appropriate to move to a slower pace. Stock market steadies as…  Read more

Business Update – November 9, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Oil prices dip in response to China’s Covid containment strategy As rumors swirled that China would be easing its zero-Covid policy, oil prices began to climb. However, they fell again on Monday when Chinese government officials signaled that the government has no intention of changing directions. Sweeping changes continue…  Read more

Business Update – November 9, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Oil prices dip in response to China’s Covid containment strategy As rumors swirled that China would be easing its zero-Covid policy, oil prices began to climb. However, they fell again on Monday when Chinese government officials signaled that the government has no intention of changing directions. Sweeping changes continue…  Read more

Business Update – November 2, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. The Dow Jones had a really great October The Dow tumbled a bit on October 31, but despite that was still up 14% for the month. That means it had its best monthly gain since January 1976. Most people have stopped making retirement contributions A new report from Allianz…  Read more

Business Update – November 2, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. The Dow Jones had a really great October The Dow tumbled a bit on October 31, but despite that was still up 14% for the month. That means it had its best monthly gain since January 1976. Most people have stopped making retirement contributions A new report from Allianz…  Read more

Business Update – October 26, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stock markets start the week strong All three major indexes were up on Monday – a welcome change from the volatile conditions of recent months. Investors seem optimistic as we await earnings calls, with numbers from big tech firms expected later this week. Goldman Sachs fears “accidental recession” Goldman…  Read more

Business Update – October 26, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stock markets start the week strong All three major indexes were up on Monday – a welcome change from the volatile conditions of recent months. Investors seem optimistic as we await earnings calls, with numbers from big tech firms expected later this week. Goldman Sachs fears “accidental recession” Goldman…  Read more

Business Update – October 19, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Recession likely, but not yet certain Economists have been warning of a “perfect storm” of conditions pointing to a serious recession for most of the year, but some economists are still saying that it’s not a certainty yet. Time to apply for student loan forgiveness President Joe Biden announced…  Read more

Business Update – October 19, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Recession likely, but not yet certain Economists have been warning of a “perfect storm” of conditions pointing to a serious recession for most of the year, but some economists are still saying that it’s not a certainty yet. Time to apply for student loan forgiveness President Joe Biden announced…  Read more

Business Update – October 12, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Former US Federal Reserve chief wins Nobel prize Former US Federal Reserve chief Ben Bernanke, who led the central bank during the 2008 financial crisis, is one of three recipients of this year’s Nobel prize in economics. Bank of England strengthens emergency stimulus The Bank of England will double…  Read more

Business Update – October 12, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Former US Federal Reserve chief wins Nobel prize Former US Federal Reserve chief Ben Bernanke, who led the central bank during the 2008 financial crisis, is one of three recipients of this year’s Nobel prize in economics. Bank of England strengthens emergency stimulus The Bank of England will double…  Read more

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