Category: economic decline

Google Delays Mega Campus Project in San Jose as Company Struggles Financially

April 22, 2023
Business & MarketsCaliforiaCaliforniaeconomic declineeconomyGoogle Northern CaliforniaRegional & State NewsState NewsUSUS News
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Tech giant Google has paused building a mega campus in San Jose, California, after construction began, sources close to the company confirmed to CNBC on Friday. According to the company, the project was slated to span 80 acres and bring 4,000 living units and 25,000 jobs to the South Bay area over a 10-year construction plan. “We’re…

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Economic Contraction, Real Estate Slimming Down, Manpower Exodus, Hong Kong’s Economic Outlook Is Not Optimistic

November 18, 2022
ChinaChina Business & Economyeconomic declineExodusHK BusinessHong Kongreal estate
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The latest economic data shows Hong Kong’s economy is in trouble. Some analysts pointed out that as leading real estate agencies are starting to “slim down,” the economic outlook is not optimistic. Other analysts believe the Chinese Communist Party (CCP) will speed up its control of the Hong Kong market. Major Real Estate Agencies to Slim…

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May Retail Sales Fell 1.3 Percent as Americans Spend Less on Goods

June 15, 2021
economic declineeconomyRetailU.S. economyUS
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NEW YORK—Retail sales fell in May, dragged down by a decline in auto sales and a shift by Americans to spend more on vacations and other services instead of goods. Total sales dropped a seasonally adjusted 1.3 percent in May from the month before, the U.S. Commerce Department said Tuesday. Wall Street analysts expected a…

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