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By Staff Reporters
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Nike is planning to restructure and lay off 2% of its staff, more than 1,500 people, as consumers pull back on spending.
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If the total U.S. debt were divided by every household in the country, each household would get about $252,000, according to a September tweet from The Kobeissi Letter.
And, Jerome Powell, the Chair of the Federal Reserve, shared his concerns regarding the fiscal direction of the United States during a “60 Minutes” interview with Scott Pelley.
Powell said, “The U.S. is on an unsustainable fiscal path,” emphasizing that the growth of the national debt is outstripping the growth of the economy.
CITE: https://www.r2library.com/Resource
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Filed under: "Ask-an-Advisor", Accounting, Experts Invited, Health Economics, Health Insurance, Investing, Taxation | Tagged: Accounting, CBOE, DJIA, fed, Federal Reserve, FOMC, Jerome Powell, Kobeissi Letter., lay-offs, NASDAQ, national debt, nike, Nike lay-offs, S&P 500, Scott Pelley, US Debt, VIX | Leave a comment »
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