Quick Take During Friday’s session, when Bitcoin touched the low of $19,500 due to the fallout of SVB, further contagion spread into Europe. Bitcoin is up 25% from the lows, while Gold is up 5%,...
Tag: Recession
With SVB Collapse & 60% of Pre-Market Dip in FRC Stock, is Another Recession Brewing?
1 The US economy is currently facing a hard time. 2 HSBC is planning to acquire SVB’s UK arm. Economic turmoil is slowly taking over the US soil. The Great Recession resulted from a housing bubble whe...
Silicon Valley Bank (SIVB) dropped 60%: Is Recession Knocking?
Silicon Valley Bank (SIVB) shares crashed by 60% on Thursday. Can it be said that recession is on the horizon? The company recently announced its plans to raise $2 billion-plus in the capital by selli...
Biggest Bank Failure Since Great Recession Sparks ‘Overblown’ Fears Of Contagion—But Big Lingering Risks Remain
Topline The sudden collapse of startup lender Silicon Valley Bank—which has culminated in the biggest bank failure since the Great Recession—has wreaked havoc on stocks and sparked fears of a potentia...
Jobs Report Is So-So For Workers
Layoffs begin. Amityville, N.Y.: Co-workers yell during a demonstration outside one of the Akorn Pharmaceuticals … [+] buildings in Amityville, New York on Feb. 24, 2023. The pharmaceuticals com...
What Recession? Build-A-Bear Workshop (BBW) Continues To Fire On All Cylinders!
Build-A-Bear Workshop (BBW) delivers strong Q4 beat and guides for another record year as consumers can’t get enough from stuffing, fluffing, dressing, accessorizing and naming their own teddy bears. ...
Bond traders haven’t been this scared of a recession since 1981
One of Wall Street’s most closely followed recession indicators has hit highs not seen in more than four decades. While this signal doesn’t inevitably lead to the economy contracting, every recession ...
Why recession odds just spiked after Powell addressed Congress
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 9, 2023 Today’s newsletter i...
Key recession indicator sends investors sharpest warning in 42 years
The Treasury market is sending its sharpest warning about recession risks since 1981. On Tuesday, the difference in the yield on 2-year and 10-year Treasury notes further inverted, with the yield on t...
Wanted Ice Cream Scoopers – $23/hr – Yes, The Service Economy Is Booming
(Photo by Camerique/ClassicStock/Getty Images) getty Imagine my surprise when seeing this sign outside my local JP Licks Ice cream store in the Boston area. While certainly anecdotal, it still seems t...
No exit ramp for Fed’s Powell until he creates a recession, economist says
Federal Reserve Chair Jerome H. Powell testifies before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Ca...
Stocks Reel From Recession, Fed Rate Bets: Markets Wrap
(Bloomberg) — Global stock markets struggled on Wednesday, after comments from Federal Reserve Chair Jerome Powell boosted interest rate wagers, drove up Treasury bond yields and revived fears t...
Bond-market recession gauge plunges to triple digits below zero on way to fresh four-decade milestone
One of the bond market’s most reliable gauges of impending U.S. recessions plunged further below zero into triple-digit negative territory on Tuesday after Federal Reserve Chairman Jerome Powell point...
Bank of America CEO predicts most people won’t even notice ‘slight’ recession, but warns interest rates won’t come down for at least a year
Those hoping that interest rates might come down sooner rather than later are likely to be disappointed, according to the CEO of Bank of America, who predicts the figure won’t begin to dip for a...
Everyone is predicting a recession – but I just don’t buy it
jeremy hunt – Stefan Rousseau/PA Wire In the early 1990s, having claimed to have spotted “the green shoots of recovery”, Norman Lamont was widely derided. But it turned out he was right. Soon af...
Could The Housing Market Collapse Again? Recovery Talk ‘Premature’ After Mortgage Rates Surge Past 7%
Topline As fears of inflation push mortgage rates back toward multi-decade highs, economists are warning the resurgence in borrowing costs will deal another blow to the precarious housing market, driv...
What To Look For In The February Consumer Price Inflation Numbers
Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open … [+] Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Feb. 1, 2023. The ...
This Inverted Yield Curve Is Not Forecasting A Recession
A depiction of interest rates causing a recession getty Historical charts show inverted yield curves often precede recessions. Therefore, many conclude that today’s inverted yield curve means a ...
Healthcare Investments Are Slowing Down
The global economy is currently at a turbulent intersection, one that even the most celebrated economic pundits and fiscal savants cannot seem to accurately navigate. While some say that the economy i...
Non-Professional Investors Predict A Recession. What’s Your Forecast?
The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the … [+] Federal Open Market Committee. (Photo by Brooks Kraft/ Getty Images) Getty Images “Think of...
The CDC Wants To Modernize Its Healthcare Data Infrastructure
Public health policy initiatives and community health outcomes have never been more important. On a global scale, this is generally managed by the World Health Organization, an agency empowered by the...
Billionaire ‘Bond King’ Jeffrey Gundlach Warns of ‘Painful Outcomes’ in Next Recession – Economics Bitcoin News
Billionaire Jeffrey Gundlach, aka the “Bond King,” has warned of “painful outcomes that are coming in the next recession.” Commenting on the Federal Reserve’s attempt to curb inflation, he cautioned: ...
Here’s how U.S. states are preparing for a potential recession
Last month, the World Bank said a global recession is likely. And within the U.S., there is a 57% probability of a recession by January 2024, according to an analysis from the New York Fed. How each s...
Apple Hardware Will Change The Face of Consumer Healthcare
Undoubtedly, Apple has made its mark on the world. More than 2.2 billion iPhones have been sold to date, upending the entire smartphone market. The company not only created a world-class hardware and ...
More News That Points To No Recession
Coils of copper wire rods in a storage facility. Photographer: Andrey Rudakov/Bloomberg © 2021 Bloomberg Finance LP Its now more than half a year since Wall Street’s Cassandras warned of an imminent u...
Is the U.S. Economy In Recession? What the Fed—and Everyone Else—Got Wrong.
It was roughly a year ago, after the Russian invasion of Ukraine caused an oil-price shock and the Federal Reserve kicked off its interest-rate-tightening campaign, that forecasters began warning in e...
Fed’s rate hikes likely to cause a recession, research says
NEW YORK (AP) — Can the Federal Reserve keep raising interest rates and defeat the nation’s worst bout of inflation in 40 years without causing a recession? Not according to a new research paper...
So Much For A Soft Landing, 3 Dividend Stocks For Passive Income To Help Weather A Recession
As the threat of high inflation and rising interest rates looms into 2023, investors are turning to the top recession-proof stocks that can withstand a potential downturn. These include dividend stock...
Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000 – Markets and Prices Bitcoin News
This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. ...
Fed’s Mester says she has hope that inflation can be brought down without a recession
Cleveland Federal Reserve President and CEO Loretta Mester gives her keynote address at the 2014 Financial Stability Conference in Washington December 5, 2014. Gary Cameron | Reuters Cleveland Federal...
Albertsons Is Entering The Digital Health And Telehealth Space
Earlier this month, Albertsons announced the launch of Sincerely Health, a digital wellness, health, and care platform. The company explained that the platform’s main goal is to improve the well-being...
Opinion: Powell will have to push rates even higher for the Fed to get inflation to 2%
Inflation is proving tougher to curb than Federal Reserve Chairman Powell anticipated, and despite indicators that a recession could be coming, consumers and businesses apparently haven’t gotten the m...