There were plenty of reasons to be bearish on the stock market (SPY) coming into 2023. This is especially true with inflation still too hot leading the Fed to increase their hawkish behavior. And then came along the specter of a potential banking crisis that only increases uncertainty…and that only increases odds of bear market. […]
The solid financials and the efforts of Salesforce (CRM) to support the digital transformation of its customers worldwide have positioned the company for substantial growth this year. Moreover, the company has launched a new AI product, joining the trend with other major tech firms. However, is it too late to buy the stock in 2023?
How bad are things at Silicon Valley Bank? Ex-employees are auctioning company merchandise on eBay to make a quick buck. Some SVB items include a tattered blue cardboard box with the letters “SVB” emblazoned on it. Asking price: $201. “Box received after getting offer letter one month before the bank blew up. Need to pay
Volkswagen recently announced plans to invest $193 billion to make every fifth vehicle it sells electric by 2025. More than two-thirds of the money will go toward software, battery factories, and other investments. At a Tuesday media event, the New York Times reports that Arno Antlitz, CFO of the Volkswagen Group, said the company must
In response to increasing pressure over high drug prices, Denmark-based pharmaceutical company Novo Nordisk has announced a reduction of up to 70% in the sticker prices of several insulin products, effective at the beginning of 2024. According to a New York Times report, a vial of the company’s rapid-acting NovoLog will drop to $72 from
Look out for people on dating apps who offer investment opportunities too good to be true. That’s the message from the District Attorney’s Office in New York City, which recently brought charges against a lying Lothario they allege swindled his lovers out of millions. Nelson Counne, who also goes by “Nelson Roth” or “Justin Roth,”
Opinions expressed by Entrepreneur contributors are their own. When people think of CEOs and other top-tier executives, they often imagine polished professionals who know all there is to know about business and success. I urge people to remember that CEOs are only humans with many of the same fears and concerns as other working professionals.
The sense that a “rent-forever” economy is unfolding looks to be accurate. According to estimates from the U.S. Census Bureau, the number of households that rent and also make $150,000 or more in annual income went up by 87% from 2016 to 2021, per the Wall Street Journal. This comes after historic lows in interest
When it comes to working at specific establishments and in certain industries, it’s not unusual for managers to ask prospective employees to have qualifications or experience that relate directly to their business. But one restaurant in Palm Springs, California is going viral for having an extensive list of expected dos and don’ts for servers looking
Opinions expressed by Entrepreneur contributors are their own. We’re yet to see the impact of Generative AIs like Dall-E and Chat-GPT on the future job market. However, here and now, the Western world is dealing with a persistent labor shortage. There is a lack of nurses and doctors to meet the rising demand for care.