Here’s why Goldman Sachs is warning about a stock market crash and recession.

Welcome back market watchers, Phil Rosen here. Dust off your dictionaries because today’s GDP release might reignite the recession debate that’s proved as semantic as it is economic.   The year kicked off with back-to-back negative GDP readings, but the headline today should look more upbeat, with growth of 2.4% expected. But no matter what politicians…

Mark Zuckerberg says he’s ‘pretty confident’ Meta is heading in a ‘good direction’ as stock crashes 20% after huge earnings miss

Meta CEO Mark Zuckerberg. Tobias Hase/picture alliance via Getty Images Mark Zuckerberg said Wednesday he was “pretty confident” Meta is heading “in a good direction.” He spoke after Meta’s third-quarter earnings missed Wall Street’s forecasts and its stock crashed 20%. Meta said it plans to keep investing heavily in its metaverse project, which is hammering…

Marjorie Taylor Greene says a GOP-led House will investigate companies that stopped donating to Republicans after the Capitol riot

Rep. Marjorie Taylor Greene. Mary Altaffer/Associated Press Marjorie Taylor Greene said a GOP-led House would probe firms that stopped donating to Republicans. She said some “big corporations” and lobbyists have ceased donations after the Capitol riots. Greene also accused the corporations of “corporate communism.” Georgia Rep. Marjorie Taylor Greene said on Wednesday that if the…

Meta employees are bracing for possible layoffs as growth slows and spending on the metaverse soars

Good morning, everyone! It’s Thursday, which means there are only about 36 more hours until the weekend begins (but who’s counting).  Today I’m dreaming of Bali, which will soon let tourists move there for five or 10 years. It seems like the perfect option for the digital nomads among us, but there’s just one little…

Harvard researchers discovered a major cause of loneliness — and the key to fighting it

Some find it hard to connect with people because they simply don’t have the time, are afraid of rejection, or are introverted by nature. Getty Images/Westend61 Loneliness isn’t just an unpleasant feeling; it’s a serious risk to physical and mental health. Researchers found a link between poor emotion regulation strategies and feelings of loneliness. Self-reflection…

Ford CEO puts the brakes on the company’s plan for fully autonomous cars, saying there’s a long way to go before it can develop them at scale

Ford CEO Jim Farley told investors that the company thinks profitable fully autonomous cars are a long way off. Photo provided by Ford Motor Co. Ford is shifting its priorities away from developing fully autonomous cars. CEO Jim Farley said development of the vehicles at scale was “a long way off.” The shift means that…

OnlyFans CEO says it is ‘truly the safest and most inclusive social media platform’ after claims that child abuse images originated on the site

Amrapali Gan became CEO of OnlyFans in December last year. Getty Images BBC Newsnight reported that child abuse images found on other websites originated on OnlyFans. OnlyFans said the BBC had prevented it from investigating because it didn’t hand over evidence. The platform said it had “invested significantly” in improving age and identity verification tools….