Apr 13, 2023 | Weekly Wrap-Up
The current economic climate has led to a wave of layoffs across the United States. Here in the Bay Area, we have seen thousands of layoffs from many firms including (% of workforce) – Meta, Twitter, Salesforce (10%), Splunk (4%), Coinbase (20%), DocuSign...
Mar 30, 2023 | Weekly Wrap-Up
Last week, TikTok announced U.S. officials had given its Chinese ownership two options: Sell the app or risk a nationwide ban. Lawmakers questioned TikTok’s chief executive, Shou Chew, about the app’s ties to China. Some platforms are so powerful, their names are...
Mar 23, 2023 | Weekly Wrap-Up
The Federal Reserve raised interest rates by 0.25% yesterday and announced they plan only one more rate increase in 2023. This hike has been expected for some time, but has been dramatically impacted by the banking crises that are still unfolding globally. If it...
Mar 10, 2023 | Weekly Wrap-Up
For the first time in a decade, the US experienced one of the largest failures by a US lender – Silicon Valley Bank. Today, Treasury Secretary Janet Yellen reacted to the largest failure by a US lender in more than a decade by declaring that the US banking system...
Mar 2, 2023 | Weekly Wrap-Up
For the first time in more than two decades, cash and other risk-free securities are delivering larger returns than a 60/40 portfolio of stocks and bonds. The yield on six-month US Treasury bills rose as high as 5.14% Tuesday, the highest since 2007. You can find 1...
Feb 24, 2023 | Weekly Wrap-Up
Amazon closed a $1.9b deal to acquire OneMedical. Consumers who buy their books, clothing, electronics, sporting goods, jewelry, groceries (and almost everything else under the sun) will soon be able to get their health care and medications from the mega retailer....
