20% stock market plunge ahead, recession
JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks …
unemployment
Tech companies slash hundreds of Bay Area jobs as layoffs widen
SANTA CLARA — Fresh waves of layoffs have battered the Bay Area job market after several tech companies revealed plans to slash well over 400 more jobs in the nine-county …
Companies chop more than 100 East Bay workers as job cutbacks widen
SAN RAMON — Two companies have disclosed plans to chop well over 100 jobs in a new round of employment cutbacks affecting workers in the East Bay, official state notices …
Cisco, other tech companies chop Bay Area jobs in fresh layoffs
SAN JOSE — Cisco Systems has revealed plans to chop hundreds more Bay Area jobs in a disquieting suggestion that the region’s tech layoffs have yet to run their course. …
Tech, biotech, non-tech layoffs jolt Bay Area with 900-plus job cuts
MILPITAS — An array of companies that include tech and biotech firms will chop well over 900 Bay Area jobs, new disclosures show — yet the pace of tech layoffs …
Recession indicator may be ‘broken odometer’ for economy, says expert
Westend61 | Westend61 | Getty Images Experts have been pointing to a coming downturn for the U.S. economy. The question was when. Now, however, some firms and experts are walking …
Jobs report August 2023:
The unemployment rate rose sharply in August, as the summer of 2023 neared a close with a job market in slowdown mode. Nonfarm payrolls grew by a seasonally adjusted 187,000 …
Tech companies reveal plans to jettison hundreds more Bay Area jobs
SAN JOSE — Tech companies have revealed plans to jettison hundreds more Bay Area jobs, including layoffs in the semiconductor and circuit board sectors. Intel, SPT Microelectronics and Tempo Automation …
Federal Reserve: Fed saw ‘significant’ inflation risk that may merit more hikes
New York: Federal Reserve officials at their last meeting largely remained concerned that inflation would fail to recede and suggested they may continue raising interest rates. “Most participants continued to …