Tagged: recession

Recession Concerns, Return of Student Loan Payments Not Affecting US Investor Confidence, eToro Survey Reveals

U.S. retail investors remain optimistic about reaching their investing goals even as student loan payments resume and the threat of a recession looms, according to data from the latest Retail Investor Beat from trading and investment network eToro. In the short term, investors are still… Read More

Marqeta Report Suggests Recession Fears Behind Consumer Spending Cuts

Lingering recessionary fears are causing consumers to still cut spending, according to the Q3 2023 Consumer Pulse Report released this week by Marqeta, a global card issuing platform. Marqeta’s report surveyed 3,000 consumers in the United States and the United Kingdom in partnership with Propeller… Read More

SaaS (Software as a Service) Startups Hit Hard by Economic Downturn, New Report Claims

The global economic slowdown has hit SaaS startups hard, according to an update from Capchase. With their customers looking for ways to reduce costs, many have “experienced increased churn, longer sales cycles, and tougher price negotiations.” But these effects have “not been felt evenly across… Read More

Fundrise Acquired or Invested in $400M of Real Estate Assets Since Beginning of Year: Report

Fundrise notes that the belief that a very real and potentially significant downturn still lies ahead has necessarily “been the foundation for all their decisions across the portfolio over the past six months.” As Fundrise noted at the beginning of the year and again in… Read More

High Inflation, Rising Interest Rates Erode Purchasing Power of Australian Consumers, Retail Spending Report Claims

The retail recession that has been “foreshadowed by Retail Forecasts for some time has arrived. Real retail turnover in Australia fell again – by 0.6% over the March 2023 quarter – locking in a retail recession after the 0.3% decline in the December quarter of… Read More

Fintech Airwallex Survey Reveals Majority of Singapore SMEs are Anticipating a Potential Recession

Singapore businesses have a “cautious” economic outlook, as new data from global fintech Airwallex reveals 7 in 10 small and medium-sized enterprises (SMEs) here are “bracing for a potential recession within the next two years.” The independent research “considered the challenges SMEs in Singapore would… Read More

Recessionary Concerns Turn Up Heat on UK Accounting, Finance Teams, FloQast Report Reveals

Six in ten (63%) UK accounting and finance professionals are “concerned over the accuracy of their company’s monthly financial statements,” according to new research published by FloQast, a provider of accounting workflow automation. Accounting and finance teams are feeling “the pressure of the recessionary environment,… Read More

Calculus CEO Sees UK Avoiding Recession

Last week, the UK government revealed data that indicated that the economy delivered no growth during the 4th quarter of 2022 – barely evading a recession. As inflation continues to hit the economy hard, the news remains rather grim, and the next report could indicate… Read More

Uday Akkaraju: CEO at BOND.AI Comments on Latest Developments in Embedded Finance

The economy is facing massive disruptions: inflation, great resignation, and possible recession, among others. This has driven customers to switch financial institutions at a click of a button, looking for the ones that provide them the most benefits and help with their financial health. However,… Read More

White House Girds for GDP Decline and Possible Recession

Later this month, the US government will release GDP numbers which may or may not indicate the economy is in a recession. The White House is already taking steps to prepare for a potentially negative report. A recession is typically defined as two-quarters of negative… Read More

88% of Small Business Owners Expect a Recession

While some people say a proverbial “soft landing” is possible for the economy a growing number of people are expecting a recession as soon as this year or perhaps in 2023. As a recession is two consecutive quarters of negative growth, and the fact that… Read More

Despite Crypto Market Crash, Major Firms are Filling Hundreds of Crypto Jobs: Report

  Deloitte reportedly has the highest number of open positions with 144 crypto-related vacancies in the last seven days, “followed by ex-Twitter CEO Jack Dorsey’s Block (formerly Square) and Cash App with 59 and 24 new crypto-related roles in the last seven days, respectively,” according… Read More

Canadian Fintech Wealthsimple Is Laying Off 13% of Staff

Wealthsimple is reportedly laying off 13% of its staff members as the financial services firm joins the slew of global technology businesses facing market “immense volatility.” In a letter to staff of the Toronto-headquartered company on Wednesday, CEO Michael Katchen noted that 159 of the… Read More

UK’s Federation of Small Businesses Says Next Budget Must be “Most Pro-Business Ever” to Combat Negative Effects of First Recession in 11 Years

The next or upcoming UK Budget will have to be the “most pro-business ever” so that it can counter the negative impact of the recession, according to the Federation of Small Businesses (FSB), a member-led, non-profit and non-party organization that represents SMBs. The United Kingdom… Read More

TD Bank’s Latest Survey Reveals Finance Professionals Are Split on Potential Economic Recession

U.S. banking group TD Bank announced on Tuesday its recent survey revealed that half of corporate treasury and finance professionals do not believe an economic recession is a threat in 2020. According to the survey, payments fraud and cyber security risk are high on the… Read More

Shaun Djie: Co-founder at Digix, a Smart-Asset Firm Leveraging Blockchain to Manage Gold Investments, Reveals Keys Industry Trends

We recently caught up with Shaun Djie, co-founder and chief operating officer at Digix, one of the first “smart-asset” companies leveraging blockchain tech to account for the authentication and provenance of 99.99% investment-grade gold bullions. Shaun currently serves as a board member for Singapore’s IT… Read More

As Layoffs Dwindle, American Homeowner Preservation Aids Military Family Recovering From Recession

The national unemployment rate fell to 5.9 percent in September, down from 7.2 percent in September 2013, according to a USA Today article released on October 30th. Doug Carroll of USA Today wrote that, “The downward trend means fewer workers getting laid off, adding to other… Read More

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