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Global economies have started to slow down as central banks including the Federal Reserve work to combat inflation by tempering consumer demand with higher interest rates. Recent earnings reports have started to reflect the pressures. On Tuesday, Alphabet stock plunged after the Google parent missed third-quarter sales and profit expectations. The company's YouTube advertising unit posted a much weaker-than-forecast $7.1 billion, versus average expectations of about $7.5 billion. In a note, analyst Adam Crisafulli of Vital Knowledge pointed out YouTube and social media advertising is typically much less resilient during economic downturns than other types of ads.
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Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.\n\nA long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.\n\nOnce upon a time \u2013 before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily \u2013 Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.\n\nIn his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more.\n\nDan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.\n\nDisclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts. "}; var triggerHydrate = function() window.sliceComponents.authorBio.hydrate(data, componentContainer); var triggerScriptLoadThenHydrate = function() var script = document.createElement('script'); script.src = ' -8-2/authorBio.js'; script.async = true; script.id = 'vanilla-slice-authorBio-component-script'; script.onload = () => window.sliceComponents.authorBio = authorBio; triggerHydrate(); ; document.head.append(script); if (window.lazyObserveElement) window.lazyObserveElement(componentContainer, triggerScriptLoadThenHydrate); else triggerHydrate(); } }).catch(err => console.log('Hydration Script has failed for authorBio Slice', err)); }).catch(err => console.log('Externals script failed to load', err));Dan BurrowsSocial Links NavigationSenior Investing Writer, Kiplinger.comDan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.
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