GM, Ford confront Wall Street’s recession fears
By Joseph White DETROIT – General Motors Co and Ford Motor Co are about to replay a script they have played out many times before – trying to convince investors…
By Joseph White DETROIT – General Motors Co and Ford Motor Co are about to replay a script they have played out many times before – trying to convince investors…
Wall Street Is Freaking Out About One Major Recession Indicator Max Keating on July 21, 2022 Wall Street investors and economists are sounding the alarm over a yield curve inversion,…
By Niket Nishant and Manya Saini (Reuters) – U.S. card companies are likely to strike a cautious tone in their quarterly results as rising prices imperil strong spending by Americans…
By Prerana Bhat BENGALURU – The U.S. Federal Reserve will opt for another 75 basis point rate hike rather than a larger move at its meeting next week to quell…
‘Impossible Situation’: Europe Faces Recession, Debt Crisis As Rate Hike Looms Max Keating on July 20, 2022 The European Central Bank (ECB) will announce its first interest rate hike in…
MELBOURNE – There are no signs of a recession in the United States right now, the head of major explosives producer Incitec Pivot said at an event in Melbourne on…
LONDON – Major British firms are preparing for a recession by focusing on cost-cutting but their investment plans remain strong which suggests they do not fear a severe downturn, according…
‘A Definite Slowdown’: Business Owners Say They’re Already Seeing Signs Of Recession Max Keating on July 15, 2022 Companies of all sizes are pointing to slower business, inflation and profit…
Major US Bank Sees Profits Nosedive As Recession Fears Grow Jack McEvoy on July 14, 2022 JPMorgan Chase, the largest U.S. bank, announced a 28% decline in its second-quarter profits…
By Liz Hampton (Reuters) – Warren Buffett’s near 20% stake in Occidental Petroleum has some investors expecting the billionaire to eventually absorb the oil producer and turn it into a…
OTTAWA, July 13 (Reuters)- The Bank of Canada on Wednesday dramatically upped its near-term inflation forecasts and said there was an increased risk of higher price gains becoming entrenched, as…
By Davide Barbuscia NEW YORK – Vanguard Group, the world’s second-biggest asset manager, said on Wednesday the U.S. economy had a growing chance of falling into recession in the next…
By Sinéad Carew (Reuters) – Investors are bracing for a fresh slide in banking stocks, with fears of a hit from a potential recession outweighing the lure of relatively cheap…
ANTONI: Democrats Could Make A Recession Even Worse E.J. Antoni on July 9, 2022 Economic data has been pointing to a recession for months and alarm bells should be ringing…
ORTIZ: Biden Administration Can’t Spin Jobs Numbers To Deny Recession Alfredo Ortiz on July 8, 2022 President Joe Biden and his allies will point to the labor market to try…
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said he and his fellow U.S. central bankers are “totally united” on getting too-high inflation back down to their 2% goal,…
By Timothy Aeppel and Ann Saphir (Reuters) – Jay Baker is not worried about a recession. He worries about whether his new workers will keep leaving before the end of…
US Economy Smashes Jobs Projections Despite Signs Of Recession Max Keating on July 8, 2022 The U.S. economy added 372,000 jobs in June while the unemployment rate held steady at…
By Saqib Iqbal Ahmed NEW YORK – A cocktail of global growth fears, Federal Reserve hawkishness and euro weakness has boosted the U.S. dollar to its highest level in around…
Biden Poised To Lift Trump-Era Tariffs On China As US Economy Teeters On Recession: REPORT Max Keating on July 5, 2022 The Biden administration is reportedly planning to lift some…
A look at the day ahead in markets from Dhara Ranasinghe. Yes, recession risk remains high on markets’ radar but no, there are yet few signs that central banks will…
(Reuters) – Global equity funds faced outflows in the week to June 29, as recession fears crept higher, with major central banks looking keen to raise interest rates further to…
By Cynthia Kim and Jihoon Lee SEOUL -South Korea’s June exports grew at their slowest pace in over 1-1/2 years as soaring inflation saps offshore demand for Korean goods, widening…
Powell Admits That Fighting Inflation Could Lead To Recession Max Keating on June 30, 2022 The Federal Reserve’s efforts to tamp down on inflation may lead to an economic recession,…
By Rahul Paswan (Reuters) – Oil prices are expected to stay above $100 a barrel this year as Europe and other regions struggle to wean themselves off Russian supply, a…