Cheddar News looks ahead to Thursday as another day of earnings is slated to hit the markets along with a revised reading of GDP data.
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Amazon Cutting Workforce by 18,000 Employees
Amazon has begun cutting about 18,000 workers this week, affecting largely Amazon stores and some in the technology unit.
Microsoft Laying Off 10,000 Employees
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Clare Trapasso, the executive news editor at Realtor.com, joined Cheddar News to discuss the current housing market for first-time homebuyers.
Alarm Sounds as US Could Hit Debt Ceiling on Thursday
Treasury Secretary Janet Yellen warned that the U.S. will reach its $31.4 trillion borrowing cap on Thursday.
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U.S. Mortgage Rates Hit 4-Month Low
U.S. Mortgage Rates Hit 4-Month Low
Job Cuts in Tech Sector Continue, Microsoft Lays Off 10,000
Microsoft is cutting 10,000 workers, almost 5% of its workforce, in response to what it described as “macroeconomic conditions and changing customer priorities.”
