Coinbase lays off 18% of its workforce as bitcoin crash continues

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You can blame ‘shrinkflation'”,”duration”:”02:22″,”sourceName”:”CNN”,”sourceLink”:”http://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/07/19/shrinkflation-products-downsize-prices-inflation-newday-vpx.cnn/index.xml”,”videoId”:”business/2022/07/19/shrinkflation-products-downsize-prices-inflation-newday-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220719090241-kosik-shrinkflation-large-169.jpg”,”videoUrl”:”/videos/business/2022/07/19/shrinkflation-products-downsize-prices-inflation-newday-vpx.cnn/video/playlists/business-economy/”,”description”:”CNN Business correspondent Alison Kosik explains how manufacturers make small changes to products but keep them at the same price. The process called “shrinkflation” usually happens when companies are trying compensate for high costs.”,”descriptionText”:”CNN Business correspondent Alison Kosik explains how manufacturers make small changes to products but keep them at the same price. The process called “shrinkflation” usually happens when companies are trying compensate for high costs.”},{“title”:”Amid inflation, economist warns avoiding recession won’t be ‘easy path'”,”duration”:”01:57″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/07/13/inflation-recession-nela-richardson-adp-fed-markets-now-mc.cnn-business/index.xml”,”videoId”:”business/2022/07/13/inflation-recession-nela-richardson-adp-fed-markets-now-mc.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220622094907-01-jerome-powell-senate-banking-committee-hearing-inflation-0622-screenshot-large-169.jpg”,”videoUrl”:”/videos/business/2022/07/13/inflation-recession-nela-richardson-adp-fed-markets-now-mc.cnn-business/video/playlists/business-economy/”,”description”:”Nela Richardson, Chief Economist at ADP, explains what the Fed may do to fight higher-than-expected inflation, and if avoiding a recession is possible.”,”descriptionText”:”Nela Richardson, Chief Economist at ADP, explains what the Fed may do to fight higher-than-expected inflation, and if avoiding a recession is possible.”},{“title”:”What can Biden actually do about inflation? History is a guide”,”duration”:”03:31″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/07/13/inflation-cpi-june-history-presidents-biden-truman-carter-orig.cnn-business/index.xml”,”videoId”:”business/2022/07/13/inflation-cpi-june-history-presidents-biden-truman-carter-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210315174423-harry-truman-1-large-169.jpg”,”videoUrl”:”/videos/business/2022/07/13/inflation-cpi-june-history-presidents-biden-truman-carter-orig.cnn-business/video/playlists/business-economy/”,”description”:”Here’s how three past presidents grappled with skyrocketing oil prices, runaway inflation, and crippling recessions that hit during their terms.”,”descriptionText”:”Here’s how three past presidents grappled with skyrocketing oil prices, runaway inflation, and crippling recessions that hit during their terms.”},{“title”:”‘Worse than we anticipated:’ CNN reporter breaks down inflation data”,”duration”:”02:46″,”sourceName”:”CNNBusiness”,”sourceLink”:”http://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/07/13/inflation-consumer-price-index-june-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/07/13/inflation-consumer-price-index-june-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220713100631-matt-egan-inflation-large-169.jpg”,”videoUrl”:”/videos/business/2022/07/13/inflation-consumer-price-index-june-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”The Consumer Price Index for June shows prices jumped by 9.1% year-over-year. CNN’s Matt Egan breaks down what’s driving the surge.”,”descriptionText”:”The Consumer Price Index for June shows prices jumped by 9.1% year-over-year. CNN’s Matt Egan breaks down what’s driving the surge.”},{“title”:”Look back at when the euro hit parity with the dollar in 2002″,”duration”:”01:17″,”sourceName”:”CNN Business”,”sourceLink”:”https://www.cnn.com/2022/07/12/investing/euro-dollar-parity/index.html”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/07/12/euro-parity-with-us-dollar-jg-vault-2002.cnn-business/index.xml”,”videoId”:”business/2022/07/12/euro-parity-with-us-dollar-jg-vault-2002.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220712130014-euro-parity-with-us-dollar-vault-2002-large-169.jpg”,”videoUrl”:”/videos/business/2022/07/12/euro-parity-with-us-dollar-jg-vault-2002.cnn-business/video/playlists/business-economy/”,”description”:”The US dollar is rising fast and is now worth the u003ca href=”https://www.cnn.com/2022/07/12/investing/euro-dollar-parity/index.html” target=”_blank”>same as the eurou003c/a> for the first time in 20 years. Watch how CNN reported on the last time this happened in 2002.”,”descriptionText”:”The US dollar is rising fast and is now worth the u003ca href=”https://www.cnn.com/2022/07/12/investing/euro-dollar-parity/index.html” target=”_blank”>same as the eurou003c/a> for the first time in 20 years. Watch how CNN reported on the last time this happened in 2002.”},{“title”:”‘America’s job machine is firing on all cylinders’: Romans on the June jobs report”,”duration”:”04:41″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/07/08/june-jobs-report-romans-newday-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/07/08/june-jobs-report-romans-newday-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220708090638-christine-romans-magic-wall-large-169.jpg”,”videoUrl”:”/videos/business/2022/07/08/june-jobs-report-romans-newday-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”The US economy added 372,000 jobs in June, a signal that the labor market remains robust despite recession fears. CNN’s Christine Romans, Rahel Solomon and Zain Asher discuss the Bureau of Labor Statistics report.”,”descriptionText”:”The US economy added 372,000 jobs in June, a signal that the labor market remains robust despite recession fears. CNN’s Christine Romans, Rahel Solomon and Zain Asher discuss the Bureau of Labor Statistics report.”},{“title”:”Recession is likely coming. How bad will it be?”,”duration”:”01:39″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/07/07/nightcap-economic-recession-clip-orig.cnn-business/index.xml”,”videoId”:”business/2022/07/07/nightcap-economic-recession-clip-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220707133235-nightcap-recession-16×9-large-169.jpg”,”videoUrl”:”/videos/business/2022/07/07/nightcap-economic-recession-clip-orig.cnn-business/video/playlists/business-economy/”,”description”:”Is a recession inevitable? Inflation and gas prices are up and stocks just posted their worst first-half in more than half a century. CNN Business Senior Editor Allison Morrow joins “u003ca href=”https://www.cnn.com/specials/business/nightcap” target=”_blank”>Nightcap’su003c/a>” Jon Sarlin to discuss what investors and analysts are predicting for the second half of 2022. To get the day’s business headlines sent directly to your inbox, sign up for the u003ca href=”https://www.cnn.com/specials/nightcap” target=”_blank”>Nightcap newsletteru003c/a>.”,”descriptionText”:”Is a recession inevitable? Inflation and gas prices are up and stocks just posted their worst first-half in more than half a century. CNN Business Senior Editor Allison Morrow joins “u003ca href=”https://www.cnn.com/specials/business/nightcap” target=”_blank”>Nightcap’su003c/a>” Jon Sarlin to discuss what investors and analysts are predicting for the second half of 2022. To get the day’s business headlines sent directly to your inbox, sign up for the u003ca href=”https://www.cnn.com/specials/nightcap” target=”_blank”>Nightcap newsletteru003c/a>.”},{“title”:”Child care costs are rising. See how parents are coping”,”duration”:”03:00″,”sourceName”:”CNN”,”sourceLink”:”https://cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/07/06/child-care-inflation-cohen-pkg-newday-vpx.cnn/index.xml”,”videoId”:”business/2022/07/06/child-care-inflation-cohen-pkg-newday-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220706080156-daycare-parent-large-169.jpg”,”videoUrl”:”/videos/business/2022/07/06/child-care-inflation-cohen-pkg-newday-vpx.cnn/video/playlists/business-economy/”,”description”:”CNN’s Gabe Cohen reports on the increasing cost of child care across the US as inflation and teacher shortages force daycares to raise rates.”,”descriptionText”:”CNN’s Gabe Cohen reports on the increasing cost of child care across the US as inflation and teacher shortages force daycares to raise rates.”},{“title”:”Citi chief economist: Recession risk is rising”,”duration”:”03:16″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/07/05/economy-recession-risk-inflation-citi-nathan-sheets-firstmove-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/07/05/economy-recession-risk-inflation-citi-nathan-sheets-firstmove-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220705103243-nathan-sheets-citi-global-chief-economist-large-169.jpeg”,”videoUrl”:”/videos/business/2022/07/05/economy-recession-risk-inflation-citi-nathan-sheets-firstmove-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Citi’s Global Chief Economist Nathan Sheets tells CNN’s Julia Chatterley very high inflation could slow consumer spending by the fall.”,”descriptionText”:”Citi’s Global Chief Economist Nathan Sheets tells CNN’s Julia Chatterley very high inflation could slow consumer spending by the fall.”},{“title”:”Schwab top strategist: Consumers ‘much better prepared’ for downturn compared to Great Recession”,”duration”:”01:34″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/29/markets-now-omar-aguilar-recession.cnn/index.xml”,”videoId”:”business/2022/06/29/markets-now-omar-aguilar-recession.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220629143256-markets-now-omar-aguilar-recession-00000304-large-169.png”,”videoUrl”:”/videos/business/2022/06/29/markets-now-omar-aguilar-recession.cnn/video/playlists/business-economy/”,”description”:”Schwab Asset Management CEO Omar Aguilar explains why companies and consumers are better positioned financially today to deal with an economic downturn compared to the Great Recession.”,”descriptionText”:”Schwab Asset Management CEO Omar Aguilar explains why companies and consumers are better positioned financially today to deal with an economic downturn compared to the Great Recession.”},{“title”:”‘Pay rent or buy some food’: Millions of renters unsure if they can make rent”,”duration”:”02:56″,”sourceName”:”CNN”,”sourceLink”:”cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/28/inflation-renters-paying-bills-jimenez-dnt-lead-vpx.cnn/index.xml”,”videoId”:”business/2022/06/28/inflation-renters-paying-bills-jimenez-dnt-lead-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220628140136-omar-jimenez-renters-dnt-vpx-large-169.jpg”,”videoUrl”:”/videos/business/2022/06/28/inflation-renters-paying-bills-jimenez-dnt-lead-vpx.cnn/video/playlists/business-economy/”,”description”:”Inflation is at a 40-year high, and mortgage rates and rents are surging. Here’s why some renters say they aren’t sure they can pay their bills. CNN’s Omar Jimenez reports.”,”descriptionText”:”Inflation is at a 40-year high, and mortgage rates and rents are surging. Here’s why some renters say they aren’t sure they can pay their bills. CNN’s Omar Jimenez reports.”},{“title”:”Shrinking UK economy could lead to a recession amid 40-year high inflation”,”duration”:”01:31″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/22/uk-record-high-inflation-economy-food-prices-mortgage-sebastian-pkg-qmb-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/06/22/uk-record-high-inflation-economy-food-prices-mortgage-sebastian-pkg-qmb-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220622150641-uk-inflation-sebastian-pkg-large-169.jpeg”,”videoUrl”:”/videos/business/2022/06/22/uk-record-high-inflation-economy-food-prices-mortgage-sebastian-pkg-qmb-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”The UK has reached a 40-year high in inflation and faces a risk of recession amid a shrinking economy. CNN’s Clare Sebastian speaks with locals about pressures surrounding rising mortgage rates and food prices. “,”descriptionText”:”The UK has reached a 40-year high in inflation and faces a risk of recession amid a shrinking economy. CNN’s Clare Sebastian speaks with locals about pressures surrounding rising mortgage rates and food prices. “},{“title”:”Powell: Recession after rate hikes certainly a possibility”,”duration”:”01:16″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/22/jerome-powell-interest-rate-hikes-egan-sot-newsroom-vpx.cnn/index.xml”,”videoId”:”business/2022/06/22/jerome-powell-interest-rate-hikes-egan-sot-newsroom-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220622144220-powell-interest-rates-video-thumb-06222022-vpx-large-169.jpg”,”videoUrl”:”/videos/business/2022/06/22/jerome-powell-interest-rate-hikes-egan-sot-newsroom-vpx.cnn/video/playlists/business-economy/”,”description”:”Federal Reserve Chairman Jerome Powell said there is a risk that the Fed’s aggressive interest rate hikes cause an economic downturn in the United States. CNN’s Matt Egan reports. “,”descriptionText”:”Federal Reserve Chairman Jerome Powell said there is a risk that the Fed’s aggressive interest rate hikes cause an economic downturn in the United States. CNN’s Matt Egan reports. “},{“title”:”Warren to Powell: Don’t drive this economy off a cliff”,”duration”:”02:36″,”sourceName”:”CNN”,”sourceLink”:”http://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/22/elizabeth-warren-jay-powell-interest-rates-vpx.cnn/index.xml”,”videoId”:”business/2022/06/22/elizabeth-warren-jay-powell-interest-rates-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220622133544-elizabeth-warren-jay-powell-large-169.jpg”,”videoUrl”:”/videos/business/2022/06/22/elizabeth-warren-jay-powell-interest-rates-vpx.cnn/video/playlists/business-economy/”,”description”:”Sen. Elizabeth Warren (D-MA) questions Federal Reserve Chairman Jerome Powell about the impact raising interest rates will have on working Americans.”,”descriptionText”:”Sen. Elizabeth Warren (D-MA) questions Federal Reserve Chairman Jerome Powell about the impact raising interest rates will have on working Americans.”}],’js-video_headline-featured-1ou2fdq’,”,”js-video_source-featured-1ou2fdq”,true,true,’business-economy’);if (typeof configObj.context !== ‘string’ || configObj.context.length