Top Wall Street Economist Delivers Grim Prediction On Future Recession
Top Wall Street Economist Delivers Grim Prediction On Future Recession Harold Hutchison on February 15, 2024 Andrew Hollenhorst, chief U.S. economist at Citi, predicted on CNBC Thursday that the American economy is…
Fed’s Kashkari: Recession possible, but high inflation would be worse
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said the Fed’s interest-rate hikes and a possible pullback in lending after two bank failures last month could trigger a recession,…
Marketmind: Weary markets wary of recession
A look at the day ahead in European and global markets from Ankur Banerjee Another set of weaker-than-expected U.S. economic data has investors spooked at the prospect of a looming recession, crimping…
Global IPOs marred by banks and recession enjoy few bright spots
By Pablo Mayo Cerqueiro, Echo Wang and Elisa Anzolin LONDON/NEW YORK (Reuters) – A banking crisis and worries of a recession have dampened the outlook for initial public offerings (IPOs) this year,…
Banking turmoil means recession fears are creeping back
(Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue, and the ensuing turmoil in world markets have re-ignited the recession risks that…
‘Temporary Band Aid’: Biden’s Student Loan Plans Could Drive The US Toward Recession, Fiscal Watchdog Argues
‘Temporary Band Aid’: Biden’s Student Loan Plans Could Drive The US Toward Recession, Fiscal Watchdog Argues Alexa Schwerha on March 23, 2023 Biden’s plan to cancel student loans and cut monthly repayments…
DoubleLine’s Gundlach sees US recession within four months
NEW YORK (Reuters) – Jeffrey Gundlach, the chief executive of DoubleLine Capital, said a recession could happen within the next four months, as recent U.S. bank failures have exacerbated the tightening of…
Investors shun high-yield bonds on recession, banking risks
By Patturaja Murugaboopathy and Davide Barbuscia (Reuters) – Global investors have resumed their selling of high-yield corporate bonds after a brief respite in January, as fears over the health of smaller banks…
Swiss government says it expects economic slowdown but no recession
ZURICH (Reuters) – The Swiss economy is expected to slow this year but will not slide into a recession, the government said on Tuesday, after it reported zero growth at the end…
Two Fed measures see notable recession risk despite strong data
By Michael S. Derby NEW YORK (Reuters) – Two Federal Reserve regional bank measures that map bond yields to the economic outlook still put better-than-even chances of a U.S. recession by next…
U.S. companies face more pain as expected ‘earnings recession’ looms
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. companies’ earnings woes are likely to extend beyond the weak fourth quarter, as a booming labor market weighing on margins looks set to hurt…
Recession alarm bells are ringing, but (much) less loudly than before
(Reuters) – The rapid reopening of China’s economy, plunging European gas prices and cooling U.S. inflation suggest a global recession may not be as deep and protracted as feared just weeks ago.…
POLL: Americans Haven’t Been This Down On Their Personal Finances Since The Great Recession
POLL: Americans Haven’t Been This Down On Their Personal Finances Since The Great Recession Bronson Winslow on February 8, 2023 Half of Americans say they are financially worse off now than a…
U.S. recession still likely despite resilient economic data – PIMCO
NEW YORK (Reuters) – U.S. bond manager Pacific Investment Management Company (PIMCO) is sticking to its previous forecast that the U.S. economy is headed toward a recession, despite recent data indicating economic…
Goldman Sachs cuts U.S. recession odds to 25% on strong labor market
NEW YORK (Reuters) – Goldman Sachs said on Monday it now sees a 25% probability of the United States entering a recession in the next 12 months, down from a previous 35%…
US GDP Ticks Up, But Recession Fears Remain
US GDP Ticks Up, But Recession Fears Remain John Hugh DeMastri on January 26, 2023 The U.S. economy grew modestly in the fourth quarter of 2022, despite signs of weak domestic demand,…
Marketmind: Tech tonic, recession rethink
A look at the day ahead in U.S. and global markets from Mike Dolan. Pumped-up hopes for U.S. tech sector earnings in a heavy week for corporate updates generally have twinned with…
South Korea’s Q4 GDP likely shrank, hints at possible recession – Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – South Korea’s export-dependent economy is forecast to have contracted in the fourth quarter, putting in its worst performance in 2-1/2 years as falling foreign…
UniCredit CEO says Europe may escape recession – CNBC
MILAN (Reuters) – The European economy may be able to avoid the shallow recession expected this year though the effect of higher rates will made itself felt with a lag and it…
Ryanair CEO O’Leary sees no sign of recession
By Sarah Young LONDON (Reuters) -Low-cost carrier Ryanair is not seeing any signs of recession, Chief Executive Officer Michael O’Leary said on Tuesday, pointing to two weeks of record bookings this January…
German economy minister: recession threatening Europe manageable
BERLIN (Reuters) – Germany’s economy minister said that easing gas prices give hope that a recession threatening Europe, and Germany, can be managed and even reduced, and underscored the need to establish…
Goldman Sachs no longer expects recession in euro zone in 2023
(Reuters) -Goldman Sachs said on Tuesday it expects the euro zone economy to grow by 0.6% this year, compared with its previous forecast of a contraction, thanks to a fall in natural…
Major Bank Sets Date For Biggest Layoff Since ’08 Great Recession: REPORT
Major Bank Sets Date For Biggest Layoff Since ’08 Great Recession: REPORT John Hugh DeMastri on January 9, 2023 Goldman Sachs will begin laying off more than 3,000 employees this Wednesday, cutting…
Biden says U.S. economy headed to ‘new plateau,’ amid recession fears
By Andrea Shalal WASHINGTON (Reuters) – President Joe Biden said on Thursday the U.S. economy was seeing “really bright spots” after a rough few years, and was headed to a “new plateau,”…
Euro zone recession may not be as deep as expected -PMI
LONDON (Reuters) – Euro zone business activity contracted less than initially thought at the end of last year as price pressures eased, according to a survey which suggested the bloc’s recession may…
Decline in German services sector eases, raising hopes for milder recession -PMI
BERLIN (Reuters) – High inflation and economic uncertainty extended a downturn in the German services sector in December, though a slower pace of decline in activity adds to hopes of a milder-than-expected…
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