US recession

‘Resenteeism’: Employees Hate Their Job, But Fear The Economy To Leave

Credits: Elisa Ventur/ Unsplash
  • “Resenteeism” is poised to join the worker’s lexicon alongside “quiet quitting.”
  • It describes being openly apathetic about work but reluctant to quit given fears over job security.
  • two-thirds of Americans in a Politico-Morning Consult poll in November said they thought the US was already in a recession.

People hating their job isn’t new, but some are getting more vocal about it. RotaCloud, a staff-management software company, is calling it “resenteeism,”...

https://mfame.guru/resenteeism-employees-hate-their-job-but-fear-the-economy-to-leave/

Big US Banks Gird For ‘Mild Recession’

Credits: Rubaitul Azad/ Unsplash
  • The biggest US bank, JPMorgan Chase, set aside $1.4 billion in fresh reserves in case of loan defaults, noting that its  “central” scenario is  “a mild recession”.
  • At Bank of America, profits came in at $6.9 billion, up two percent from a year ago on an 11 percent jump in revenues to $24.5 billion.
  • Wells Fargo reported a 50 percent drop in fourth-quarter earnings to $2.9 billion, due largely to a $3.3 billion hit related to regulatory problems.

Major US banks...

https://mfame.guru/big-us-banks-gird-for-mild-recession/