#challenging-year

#challenging-year

The deputy governor of the Bank of England has said he is acutely conscious that raising interest rates is adding to the hardship faced by millions of households and businesses amid the cost-of-living crisis.Dave Ramsden said that his bias is toward further interest rate rises, but that if runaway inflation stops being a concern he would consider the case for cutting rates.

Meta - the parent company to Facebook - appears to be gearing-up for more staff cuts.Tech entrepreneur Mark Zuckerberg's social media company is exploring means to reduce its workforce, which could include moving senior leadership to lesser roles, according to the Washington Post.The company is examining options to flatten "the layers of management" and growing the responsibilities of supervisors, which insiders reportedly believe will lead to resignations.

Meta investors got some good news in the social media company's latest earnings report on Wednesday, which showed a smaller drop in revenues than analysts had expected.Meta, which also owns Instagram and Whatsapp, reported $32bn in revenue for the fourth quarter, which drove a rise in its stock price in extended trading on Wednesday.

TikTok will no longer be allowed on any device managed by the US House of Representatives.On Tuesday, the House's Chief Administrative Office announced the ban of the popular video-sharing app, a move that comes just a week after legislation that would bar TikTok from all federal devices was introduced.

There are a lot of misconceptions about the real estate market.One of them is that June is the month that the real estate season peaks with the highest prices and the largest inventory of homes for sale.Most homebuyers prefer to buy in Spring even though waiting until summer usually means some savings and better service.

Boston-area home sales are predicted to drop in 2023 while prices grow, Realtor.comprojects.Home sales activity is expected to dip in the Boston area next year, while prices will continue to grow, according to Realtor.com's 2023 housing forecast.The projected year-over-year change in home sale transactions in the Boston-Cambridge-Newton region is -0.6%, while the expected price change on a typical home is 9.5%.