Corporate America is starting to make the difficult decisions–it may be an early warning for the U.S. economy.
While companies have their own specific reasons for the cuts, the timing is no coincidence. The macroeconomic environment is making businesses take a good look at operations. So it’s all well and good for now, but a more widespread trend of layoffs could increase the odds of a hard landing.*** Join MarketWatch reporter Jessica Hall and Ken Dychtwald, CEO of Age Wave, today at noon for a discussion about how aging and retirement are changing as the population races toward a peak in people turning 65 years old. Sign up here.
What’s Next: The CFPB has tried to educate consumers that money stored in payment applications isn’t necessarily protected by federal deposit insurance. It will gather public comments on the proposed rule until Jan. 8, or 30 days after the rule is published in the Federal Register, whichever is later.***GOP Candidates to Square Off Tonight in Third Debate Five Republican candidates competing for their party’s presidential nomination are set to face each other in a debate at 8 p.m.