#economic-downturn

#economic-downturn

Ilunga, a native Angeleno and former Hollywood Farmers Market curator, dreamed of opening her store in Northeast Los Angeles and built momentum behind the idea. She says her original landlords, Baller Mineral LLC, approached her about opening a business and financed the buildout for her superette on the corner of North Avenue 50 and Monte Vista Street. She also received a $250,000 grant from Local Initiatives Support Corporation (LISC)'s patient capital initiative Asset Building for Communities of Color.

As the economy wobbles through 2025, one worry creeps into the minds of workers everywhere: Am I going to lose my job? While the White House urges Americans to keep calm and continue spending, one New York-based recruiter says workers should be worried. Joel Lalgee (@the_realest_recruiter) predicts that layoffs are looming. No job is safe during downsizing, but Lalgee suggests that one category may be particularly at risk: remote workers.

Warren Buffett may be cashing in stocks because he sees a storm on the horizon - and could buy them back once prices tumble, a senior market strategist says.

All 22 banks tested this year would have remained solvent and above the minimum thresholds to continue to operate, despite absorbing roughly $550 billion in theoretical losses.