US consumer spending ends 2022 on weaker grounds; slowing inflation

Client spending fell 0.2% in December private earnings will increase by 0.2%; The financial savings price rose to three.4%. Core PCE value index rose 0.3%; 4.4% improve 12 months on 12 months WASHINGTON (Reuters) – U.S. client spending fell for the second straight month in December, placing the financial system on a decrease progress path … Read more

Microsoft will cut 10,000 jobs with concern about a recession in the cloud technology sector

DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Company (MSFT.O) On Wednesday, it stated it will reduce 10,000 jobs and cost $1.2 billion in earnings, as cloud computing clients reassess their spending and the corporate prepares for a possible recession. The layoffs, which had been a lot bigger than the cuts Microsoft made final 12 months, … Read more