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[ad_1] The housing market, which is especially vulnerable to higher loan rates, has been battered. Consumer spending, which fuels roughly 70% of the entire economy, has softened. And many banks have tightened their lending standards since the failure last month of two major U.S. banks, making it even harder to borrow to buy a house…
[ad_1] Alphabet stocks rose in after-hours trading on Tuesday after the tech firm beat analyst expectations for first-quarter earnings, marking an unexpectedly bright spot in the otherwise struggling tech sector. The company reported first-quarter revenue of $69.8bn, up 3% year-over-year and above analyst predictions of $68.9bn. Its cloud business reported a profit for the first…
[ad_1] Beirut: The development of Lebanon’s real estate sector is slowing down, with demand for properties falling by around 80 per cent in 2022 and 2023 compared to the years before the ongoing financial crisis which first erupted in 2019, according to economists. Nassib Ghobril, head of the economic research department at Byblos Bank, told…
[ad_1] New Delhi: Global economic slowdown, tech layoffs and hybrid work have impacted gross leasing of office space in India, as flexible office space providers share reached almost at par with traditional tech companies in the first quarter of 2023, a report has shown. Leasing by flex space operators in Q1 2023 inched closer to…
[ad_1] New Delhi: Swedish music streaming giant Spotify is expected to lay off employees this week amid the deepening economic slowdown, the media reported on Monday. The number of workers to be fired wasn’t specified at the moment, reports Bloomberg, citing sources. The company had nearly 9,800 employees, as last reported. Spotify did not immediately…