Recession

Amazon’s Massive Job Cuts Hint at More Pain for Tech Sector in 2023 Amid Recession Fears

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The massive job cuts by Amazon, one of the biggest private employers in the US, show the wave of layoff sweeping through the tech sector could stretch into 2023 as companies rush to cut costs, analysts said on Thursday. As a demand boom during the pandemic rapidly turns into bust, tech companies shed more than … Read more

U.S. Recession Odds on Polymarket Plunge to 22% as Trade Tensions Cool

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Bets on a U.S. recession in 2025 have dropped sharply, with odds on crypto prediction platform Polymarket sinking to 22% this week, the lowest level since late February. Recession fears ballooned earlier this year when the Atlanta Federal Reserve’s GDPNow indicator predicted a 1.5% contraction for the first quarter of the year, while the actual … Read more