Topline Billionaire JPMorgan CEO Jamie Dimon warned on Tuesday that the strength of consumer spending is likely to wane as persistent inflation and higher interest rates force consumers to wind down e...
Tag: Recession
Jamie Dimon says inflation eroding consumer wealth may cause recession next year
JPMorgan Chase CEO Jamie Dimon said that inflation could tip the U.S. economy into recession next year. While consumers and companies are currently in good shape, that may not last much longer, Dimon ...
Here’s where investors made a ‘risk-free’ 6.6% return in the past four U.S. recessions
Who says bonds can’t be flashy? Investing in the nearly $24 trillion U.S. Treasury market and other forms of government-backed debt could be a good bet next year, particularly if another recession hit...
S&P 500 could plunge 20% in coming months as recession hits, BofA warns
The stock market could face another tumultuous year in 2023, with the S&P 500 experiencing a dramatic correction if the U.S. tumbles into a recession, according to Bank of America strategists. In ...
Economist Roubini Sees ‘Mother of All Stagflationary Debt Crises’
Debt around the world is growing as governments, businesses and individuals have gone on a spending and borrowing spree during the covid pandemic and as it has eased. Nouriel Roubini, chief economist ...
Average U.S. House Price Falls And Labor Market Shows Strength Despite Recession Speculation
Getty Images TL;DR Non-farm payroll numbers increased by 263,000 jobs in November, well above the estimate of 200,000 The average hourly wage went up as well, with the 0.6% gain double what had been e...
CBI says the UK is in a “short and shallow” recession
The Confederation of British Industry (CBI) has cautioned that the UK economy is staring at a decade of missed growth unless action is taken on investment tax exemptions, the Northern Ireland conventi...
Black Friday Sales Numbers Hit Record Highs Despite Fears Of Recession
| Getty Images Key Takeaways Many retailers warned of a weak holiday sales period due to high inflation. Online sales were up 2.3% compared to 2021, with $9.12 billion spent online. Inventory levels a...
Massively Brewing “Trust Recession” Aims To Erode Responsible AI Says AI Ethics And AI Law
Efforts toward Responsible AI and building trust in AI are being thwarted by the societal massive … [+] trust recession, so be on the watch. getty I’m sure you are familiar with the old saying t...
Prominent Investor Michael Burry Warns of Prolong Recession
9 seconds ago | 2 mins read Bitcoin News Burry is well-known for predicting the 2007–2010 U.S. subprime mortgage crisis. Elon Musk, CEO of Tesla and Twitter, also predicted a devastating recession thi...
WeWork Downgraded by Fitch as Recession Fears Mount
(Bloomberg) — WeWork Inc. was downgraded one notch by Fitch Ratings as the office-sharing upstart continues to lose money and struggles to capitalize on a return-to-office push happening at comp...
The U.S. economy won’t collapse under Fed’s ‘weight’ based on the performance of these sectors despite inflation and oil risks
Investors are trying to read the tea leaves in a choppy U.S. stock market to gauge whether its recent run higher can continue after Federal Reserve Chair Jerome Powell unleashed bullish sentiment at t...
Recession Threatens ‘Unprecedented’ Manufacturing Slowdown Dragging Into Next Year
Topline Growing evidence emerged this week that the Federal Reserve’s interest rate hikes, which have already caused a sudden collapse in the formerly red-hot housing market, have fueled an unpr...
Many Indicators Imply A 2023 Recession, The Jobs Market Disagrees
The U.S. jobs market continues to show some strength. (AP Photo/Nam Y. Huh, File) Copyright 2022 The Associated Press. All rights reserved. There are many meaningful indicators suggesting that a U.S. ...
The Economists Who Cried “Recession!”
Wall Street’s Fables: The Economists Who Cried “Recession!” getty At a recent meeting of retail industry executives, the words on everyone’s lips were “the coming recession.” I’m not an economist, but...
‘Big Short’ Investor Michael Burry Warns of Extended Multi-Year Recession in US – Economics Bitcoin News
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned about “an extended multi-year recession” in the U.S. He believes there isn’t a strategy to pull us out of ...
Elon Musk Implores Fed to Cut Interest Rates or Risk Economy Tumbling into ‘Severe’ Recession
Tesla boss Elon Musk opines that the Fed’s attempts to stem inflation may inadvertently induce a full-blown recession. Elon Musk believes that the Federal Reserve must cut interest rates immediately o...
Elon Musk Warns of Severe Recession — Urges the Fed to Cut Interest Rates Immediately – Economics Bitcoin News
Tesla CEO and Twitter boss Elon Musk has warned of a severe recession in the U.S. The billionaire stressed that the Federal Reserve needs to cut interest rates “immediately,” emphasizing that the Fed ...
Elon Musk Hints Of Recession Ahead If Fed Fails To Do This
The global financial market is under tremendous pressure in the expectation of the U.S. Federal Reserve System increasing interest rates. However, the world’s richest man, Elon Musk has suggested some...
Powell Speech Preview: Markets Seek Dovish Tilt As Rate Bets Fade
Federal Reserve Chairman Jerome Powell is set to deliver a key policy speech Wednesday in Washington in what could be the last major address from a central bank official prior to its December rate-set...
‘Big Short’ Michael Burry warns there’s no strategy to pull out of this ‘real recession’
Renowned investor and hedge fund manager, Michael Burry, commonly known as “The Big Short,” has suggested that the economy is already in a recession while questioning the best strategy to tackle the d...
Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Elon Musk thinks a recession is coming and worrie...
Housing Price Index Slows And Consumer Confidence Falls As Potential Recession Inches Closer
(Photo by Barbara Alper/Getty Images) Getty Images Key Takeaways Confidence has fallen in November after rising for the previous three months The S&P CoreLogic Case Shiller fell a further 0.8% in ...
Healthcare Organizations Are Finding Novel Uses For Virtual Health Technology
The virtual health revolution has been prevalent over the last few years, especially fueled by generation-shifting events such as the Covid-19 pandemic. Now, more than ever before, healthcare leaders,...
Crypto Frauds May Grow in United Kingdom During The Recession
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto indu...
Crypto Fraud in UK Claims 32% to £226M amid Recession
According to data from the UK police unit Action Fraud, about £226 million ($273 million) was lost in crypto fraud over the past year. Many UK residents are currently struggling to survive in the wak...
Venture Capital Firms Are Partnering With Healthcare Organizations To Improve Digital Health
Venture capital (VC) firms are increasingly playing a role in all aspects of healthcare. This is a growing trend globally, as healthcare organizations are eager for the resources, expertise, and capit...
Gold, Silver, Or Bitcoin? Best Asset To Buy Amid Recession Fears
The global market conditions feel on the edge as the US inflation crisis hints at an upcoming recession. Nonetheless, the Fed anticipates more interest rate hikes in 2023 which makes this fear more va...
Blockchain Technology May Transform The Future Of Healthcare
Blockchain technology has truly revolutionized the vision for the future of information and data. At the most fundamental level, blockchain technology enables decentralization of data; that is, it all...
J.P. Morgan Is Betting Big On The Future Of Healthcare
J.P. Morgan is a cornerstone financial institution, with investments and interests in all sectors across the globe. With regards to healthcare, the company made headlines just a few years ago for its ...
The Treasury Market’s Big Recession Trade Is Gathering Momentum
(Bloomberg) — The bond market is zeroing in on a US recession next year, with traders betting that the longer-term trajectory for interest rates will be down even as the Federal Reserve is still...
Where’s The ‘Imminent’ U.S. Recession? Nowhere As Black Friday Nets Huge Sales
Pedestrians walk past a store window with a sign announcing the so-called “Black Friday” sales on … [+] November 23, 2018, in Paris. (Photo by STRINGER / AFP) (Photo credit should re...