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GDP Flashes Recession Warning Sign: Economy Shrank 0.9% Last Quarter As Experts Warn ‘Worse To Come’

GDP Flashes Recession Warning Sign: Economy Shrank 0.9% Last Quarter As Experts Warn ‘Worse To Come’

Share to FacebookShare to TwitterShare to LinkedinTopline The U.S. economy unexpectedly shrank for a second quarter in a row this year, according to data released Thursday, signaling the start of a technical recession even as economists predict signs of a slowdown will only grow in the coming quarters, likely prompting the government to officially declare…

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Apple May Have a Big Problem with the Mac and iPad

Apple  (AAPL) – Get Apple Inc. Report held its rank.  The world’s most valuable company just gave investors, worried about the coming recession, what they wanted to hear: the economy is slowing, but not catastrophically.  The giant of Cupertino in California has indeed announced quarterly results above analysts’ expectations. Apple earned more than $19.44 billion for…

Weber Cuts CEO, Warns Of Layoffs As Grill-Maker Embraces ‘Historic’ Economic Challenges

Weber Cuts CEO, Warns Of Layoffs As Grill-Maker Embraces ‘Historic’ Economic Challenges

Share to FacebookShare to TwitterShare to LinkedinTopline Weber replaced CEO Chris Scherzinger and warned of upcoming layoffs Monday, sending shares down 20% as the grill-maker wrestles with a drop in sales and embraces “historic macroeconomic challenges.” Weber shares fell 20.37% Monday morning, to $6.01 from $7.54 Sunday afternoon. (AP Photo/Charles … [+] Krupa) Copyright 2019…