financial crisis
5 stories related to this topic, newest first.
dallasfed.orgU.S. IT Employment Drops to 2.8 Million, Lowest Since 2020
U.S. IT employment has dropped below 2.8 million, marking the lowest level since 2020. Over 300,000 jobs have been lost since 2022. The decline mirrors the scale seen during the 2008 financial crisis.
Grant Wickes from Plano, TX (Dallas), USA / Wikimedia (CC BY 2.0)Spirit Airlines Prepares to Cease Operations After Failed $500M Bailout Talks
Spirit Airlines is preparing to shut down after failing to secure a $500 million rescue package from the U.S. government. The budget carrier could not obtain necessary support from bondholders and government stakeholders, leading to insufficient funding to continue operations. Th…
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)Ongoing Debt Sustainability Concerns Intensified by Reported War in Iran
Debt sustainability has been a concern for at least five years in various regions. A reported war in Iran has introduced a sudden global economic shock, according to analysis by Henry Tugendhat. This development raises questions about potential prolonged debt crises.
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)US Postal Service Proposes 4-Cent Increase in First-Class Stamp Price to 82 Cents
The United States Postal Service has proposed raising the price of First-Class Mail Forever stamps from 78 cents to 82 cents, effective July 12 pending approval. The increases apply to letters, postcards, and other mailing services, aiming to address a severe financial crisis. Th…
blackenterprise.comU.S. Postal Service Proposes First-Class Stamp Price Increase to 82 Cents in July
The United States Postal Service has proposed raising the price of first-class mail stamps from 78 cents to 82 cents, effective July 12. This measure aims to address the agency's ongoing financial challenges, with projections indicating potential depletion of funds early in 2027.…