While Salesforce.com Inc. has been slashing jobs and looking for ways to cut costs, it has also reportedly been paying actor Matthew McConaughey more than $10 million a year to serve as a creative adviser and TV pitchman. Read More...
Reuters
U.S. consumer confidence retreats, house price inflation cools further
U.S. consumer confidence unexpectedly fell in February, with the decrease concentrated among lower-middle-income households, though Americans grew more upbeat about the labor market. A strong labor market has kept Americans spending despite worries about the future fueled by the Federal Reserve’s stiff interest rate hikes to quell inflation. “Households are likely cautious given inflation is still elevated and borrowing costs are rising,” said Rubeela Farooqi, chief U.S. economist at High Frequency Economics in White Plains, New York.
