Soft landing vs. mild recession: What advisors are telling their clients about the economy
After more than a year of gloomy forecasts for the U.S. economy, some experts have backed off recession predictions. Here’s what financial advisors say.
Cloud stocks falter as Datadog trims 2023 revenue expectations
Organizations continue to look carefully at opportunities to save money on software given economic conditions, and that’s hurting cloud stocks.
Elon Musk’s X aims to win back advertisers with new brand safety technology deal
X said Tuesday that it signed an exclusive partnership with the ad-tech firm Integral Ad Science for brand safety technology.
Ohio voters reject GOP effort to cripple abortion rights amendment
A GOP-backed effort to make it more difficult to amend the constitution failed ahead of a fall referendum to enshrine abortion rights in Ohio.
Nvidia reveals new A.I. chip, says costs of running LLMs will ‘drop significantly’
Currently, Nvidia dominates the market for AI chips, with over 80% market share, according to some estimates.
White House to bolster cybersecurity training for K-12 schools, with help from the FCC, Amazon Web Services and more
Amazon Web Services committed $20 million to fund a cyber grant program for school districts and state departments of education.
As credit card debt tops $1 trillion for the first time, ‘a huge test’ for cardholders is coming
Total credit card debt hit a new high of $1.03 trillion, according to the New York Fed. High balances may stress cardholders as student loan payments resume.
JPMorgan’s top stock guru says stay underweight equities, investors are too optimistic about economy
Marko Kolanovic said investors are ignoring the risks that could still lead to a recession.
College is more expensive than ever. Here’s how families are paying the tab
To cover the rising cost of college, most families have to rely on a combination of resources, including loans, to make it work.
Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end
A voter this year on the rate-setting FOMC, Harker noted progress in the fight against inflation and confidence in the economy.
