Month: March 2023

The Friday File: The city with the worst traffic is London where the average travel time per 10 kilometers (6.21 miles) is 36 minutes 20 seconds. In second is Bengaluru, India at a time of 29 minutes 10 seconds. Third…

22Q4 GDP came in at 2.7%, down from 3.2% in 22Q3, primarily due to softening consumer spending, suggesting weakening. However, in January the Fed’s favorite inflation measure meaningfully rose, with December’s reading being revised upwards. Consumer spending jumped 1.8% M-o-M,…

Venture-capital firms raised a grand total of $20.6 billion in 22Q4, a 65% decline from a year ago, the lowest fourth-quarter amount since 2013, and returns fundraising to levels last seen in 2015. It was also less than half the…