By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix Inc warned on Wednesday of an “unprecedented deterioration” in memory chip demand, deepening fears of global recession, and…
By William Schomberg LONDON (Reuters) – Newly confirmed finance minister Jeremy Hunt must keep investors calm about Britain’s debt mountain, avoid causing a deep recession and work out a way…
Salsarita’s Fresh Mexican Grill CEO Phil Friedman with Multi-Unit Owner Steve Alie at the latest drive-thru restaurant in Southfield, Michigan. (-) Since Steve Alie first got into the restaurant business…
NEW YORK (Reuters) – BNP Paribas expects the Federal Reserve to push the fed funds rate to a peak of 5.25% in the first quarter next year, higher than market…
(Reuters) – U.S. equities have priced in the most recession risk compared with other assets, Citigroup researchers said, warning that was not enough as further losses loom in the wake…
By Praveen Menon SYDNEY (Reuters) – Singapore sovereign wealth fund GIC, one of the world’s biggest investors, said it is factoring in the potential for a global recession and was…
By Davide Barbuscia NEW YORK (Reuters) – Government bonds may not offer much protection in a recession if surging inflation pressures central banks to continue tightening monetary policy, the BlackRock…
By Noel Randewich (Reuters) – While Elon Musk may be worried about the economy, job openings on Tesla’s website suggest the world’s most valuable car maker is hiring employees at…
PRAGUE (Reuters) – The German government is aiming to cushion an expected recession with its investment programmes, but without fuelling inflation, Economy Minister Robert Habeck said on Monday. “We have…
By Balazs Koranyi WASHINGTON (Reuters) – The European Central Bank must power ahead with interest rate hikes to tame inflation and should even push borrowing costs to levels that restrict…
High Oil Prices Exacerbated By OPEC+ Cuts Could Push Global Market Into Recession, Analysis Warns Jack McEvoy on October 13, 2022 High oil prices that will be pushed up…
(Reuters) – U.S. President Joe Biden said in an interview released on Tuesday that he did not think there would be a recession, but that if it happened it would…
Expect Layoffs And A Recession If Fed Doesn’t Let Up, Bank of America Exec Warns John Hugh DeMastri on October 11, 2022 If the U.S. Federal Reserve continues its…
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of…
Almost All CEOs Are Preparing For A Recession, More Than Half Are Considering Layoffs John Hugh DeMastri on October 5, 2022 Over 90% of CEOs at large American companies…
By Holger Hansen BERLIN (Reuters) -The German government expects Europe’s largest economy to slide into recession next year, contracting 0.4% as an energy crisis, rising prices and supply bottlenecks take…
By Steven Scheer JERUSALEM (Reuters) -Israel’s aggressive interest rate hiking cycle aimed at lowering inflation was at a “well advanced” stage, Bank of Israel Governor Amir Yaron said, with price…
By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to fall short of a September forecast for the coming year following sharp losses in recent weeks and as…
Almost All CEOs Are Preparing For A Recession, More Than Half Are Considering Layoffs John Hugh DeMastri on October 5, 2022 Over 90% of CEOs at large American companies…
MEXICO CITY (Reuters) – The chief executive of Chilean miner Antofagasta Plc, Ivan Arriagada, voiced concern on Wednesday that a more recessionary environment could depress copper prices, adding he expects…
By Devik Jain and Amruta Khandekar (Reuters) -European shares dropped on Wednesday, snapping a three-day rally as investors tempered expectations of central banks toning down their hawkish stance on inflation,…
By Eric Onstad and Mai Nguyen LONDON/HANOI (Reuters) – Industrial metal trading volumes have fallen across the world and may slide further as economic threats from higher interest rates to…
By Aziz El Yaakoubi RIYADH (Reuters) – Global recession can be avoided if governments’ fiscal policies were consistent with monetary policy tightening, but likely there would be countries falling into…
(Reuters) – The Federal Reserve needs to slow the U.S. economy and take the heat out of the strong jobs market to bring down corrosively high inflation, San Francisco Fed…
(Reuters) -Lyft Inc is freezing all hiring in the United States through the end of the year, a company spokesperson said on Tuesday, making the ride-hailing firm the latest to…