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…
‘Impossible Situation’: Europe Faces Recession, Debt Crisis As Rate Hike Looms
‘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 over ten…
Explosives maker Incitec Pivot’s CEO says no signs of U.S. recession
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 Wednesday. Incitec…
Big UK firms gird for a recession but still plan to invest-Deloitte
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 to a…
‘A Definite Slowdown’: Business Owners Say They’re Already Seeing Signs Of Recession
‘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 declines as…
Major US Bank Sees Profits Nosedive As Recession Fears Grow
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 Thursday as…
Is Warren Buffett’s interest in Occidental a bet against recession?
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 “cash machine”…
Bank of Canada again hikes inflation forecast, eyes slower growth but no recession
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 it slashed…
U.S. recession risk up, but returns set to improve – Vanguard
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 two years…
Analysis-Investors wary of cheap U.S. bank stocks on recession fears
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 valuations and…
ANTONI: Democrats Could Make A Recession Even Worse
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 in Washington.…
ORTIZ: Biden Administration Can’t Spin Jobs Numbers To Deny Recession
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 to deny…
Fed ‘united’ in inflation flight, ‘don’t know’ if recession will follow -Kashkari
(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, but it…
Recession? What recession? Just don’t quit before lunch!
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 their first…
US Economy Smashes Jobs Projections Despite Signs Of Recession
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 3.6%, according…
King Dollar stands tall as recession fears churn global markets
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 20 years,…
Biden Poised To Lift Trump-Era Tariffs On China As US Economy Teeters On Recession: REPORT
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 tariffs on…
Marketmind: Inflation vs recession
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 be swayed…
Global investors turn sellers in equity funds on recession fears
(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 tame soaring…
S.Korea’s slowest exports growth in 19 months adds to global recession fears
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 the trade…
Powell Admits That Fighting Inflation Could Lead To Recession
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, Fed Chair…
Reuters poll: Supply fears to sustain oil rally, trumping recession risks
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 Reuters poll…
U.S. recession “more likely than not”, same for Europe – PIMCO
(Reuters) – A U.S. recession over the next 12 months is “probably more likely than not”, PIMCO’s global chief investment officer for fixed income Andrew Balls said on Thursday. Balls, speaking at…
Recession fears creep into ECB thinking at summer conference
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal – European Central Bank policymakers put on a brave face at their annual gathering in the hills above the Portuguese capital and forecast further…
Hedge funds turn tail as commodities crumble on recession rumble: McGeever
By Jamie McGeever ORLANDO, Fla. – Buy and hold, maximum long. That has basically been the strategy for commodity hedge funds for the last couple of years, but it is fast losing…
Russia’s Financial System Is Booming While The US Faces A Recession
Russia’s Financial System Is Booming While The US Faces A Recession Micaela Burrow on June 27, 2022 Russia’s financial system is booming in spite of strict sanctions, according to the International Institute…
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