Many economic prognosticators and Wall Street stock pickers have made it clear where they stand on inflation and the Federal Reserve policy response: the economy and markets will get worse before they get better. Many chief financial officers at top companies agree with them, according to the results from the latest CNBC CFO Council survey.
Stitch Fix shares sink as company lays off 15% of its salaried employees
Stitch Fix is laying off 15% of salaried positions within its workforce, mostly in corporate roles and styling leadership positions, according to an internal memo that was seen by CNBC.
Mortgage rates jump, jacking up monthly payments for new buyers
After taking a breather for several weeks, mortgage rates climbed again.