Business, financing and money news with insights and updates into today’s market. Real-time financial coverage, portfolio management resources and more available at Style Utah today. Local Utah finance and money news for January 2023 including the latest updates regarding inflation and the outlook regarding tighter financial conditions in upcoming months
Trends in finance and money including what the outlook is for the Utah real estate market in 2023. The money and finance news included here involves breaking financial news on the US and world economy alongside our personal finance and stock news for today.
Tech layoffs continue in January of 2023 with companies like Amazon and Meta cutting jobs in a new round of layoffs totalling over 26,000 jobs in the tech sector. Companies also effected by mass layoffs include Twitter, Microsoft, and Cisco.
Utah’s economic forecast for 2023 with the global health crisis, the disruption to the supply chain and the increase in government subsidies to businesses and individual families here in Utah and across the nation. The current economy feels overheated with high inflation, the increase in interest rates and real estate stalling out in Utah and on the national level.