Two more states are sending free money as a recession looms — is inflation relief headed your way? Financial experts and economists see a dangerous storm brewing thanks to a volatile combination of hi...
Tag: Recession
Bitcoin (BTC) Likely To Pull Off Disbelief Rally in Face of Economic Recession, According to CoinShares
A leading digital assets manager believes that a cloudy financial outlook for the United States could be bullish for Bitcoin (BTC). In a series of posts, CoinShares explains how a confluence of econom...
Here is how America’s millionaires are positioning themselves for this recession — if you’re doing something different, you might want to think twice
Here is how America’s millionaires are positioning themselves for this recession — if you’re doing something different, you might want to think twice With the U.S. economy stalling, talk ...
Semantics? Analysts unpack ‘technical recession’ as crypto markets recover
Data from the United States commerce department suggests America has entered a technical recession, but market analysts have highlighted key metrics that suggest investors are optimistic. The American...
US Economy is on the Brink of Collapse, Analyst Reveals “Best Bets” Amidst Recession
In an interview with Kitco news, the author of ‘The Decentralist’ Max Borders, recently admitted that the US economy is in danger of imploding. Additionally, he disclosed that gold and Bitcoin would ...
Here’s Why Crypto Prices Are Rising Despite Fed Rate Hike, Recession FUD
Despite the FUD surrounding the U.S. Fed rate hike and recession, the crypto market continues to climb higher. Top cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) prices have skyrocketed by 28% and ...
High Inflation And Recession Fears Will Drive Bitcoin Adoption
It’s safe to say CZ is bullish on bitcoin and crypto’s future. Changpeng Zhao visited CNBC’s Squawk on the Street and flipped the prevalent bearish narrative on its head. In less than 2 minutes. Most ...
US Recession Woes, Fed’s Rate Hike, Bitcoin at $24K, ETH Pushing for $1.8K: This Week’s Crypto Recap
The past seven days saw the total cryptocurrency market add a considerable $40 billion to its total capitalization as the majority of it is painted green. Bitcoin’s dominance is a commonly-used metric...
US GDP Q2 2022 Declined By 0.9%: Recession Supports Crypto Prices
According to the Bureau of Economic Analysis released on Thursday, the U.S. Gross Domestic Product (GDP) declined by 0.9% in the second quarter. Consumer spending, the key factor that plays a signific...
“recession in sight in Europe”
According to the US investment banks, JP Morgan and Goldman Sachs, Europe is close to a recession. Europe at risk of recession: the thinking of the two investment banks According to two major US inve...
Here’s What Crypto Community Thinks Of ‘Technical’ Recession
Amid much anticipation, the release of U.S. GDP figures resulted in speculation of an undercurrent recession situation. For a second consecutive quarter, the GDP recorded negative growth, leading to t...
U.S GDP Declines by 0.9% in Second Quarter 2022, Recession?
10 hours ago | 2 mins read Bitcoin News National Bureau for Economic Research (NBER) is scheduled to analyze the statistics. The Federal Reserve raised interest rates by 75 basis points on Wednesday. ...
Goldman Sachs, JPMorgan Predict Euro-Area Recession – Economics Bitcoin News
Global investment banks Goldman Sachs and JPMorgan have predicted an imminent recession in the euro area. “The risks to our forecast are skewed toward a sharper recession in the event of an even more ...
The US GDP Stands At -0.9%, Recession! How Will Crypto Market React?
This week has been a crucial week for not just the crypto market, but also for the global economy. The week had lined up events such as the FOMC meeting, the Federal Reserve’s interest rate hikes alon...
U.S. Likely In Recession, GDP Reveals Another Negative Growth
The GDP for the second financial quarter of the US was finally released to be -0.9%. The data shows a second consecutive quarter of negative growth. According to many experts, this meets the general d...
Bitcoin-GDP correlation may explain drop in price as US enters a technical recession
The Times reported that the US had entered a technical recession as GDP shrank 0.9% annually after the second-quarter report was released Thursday. The chart below shows the real GDP of the US compare...
President Biden says US is ‘on the right track’ despite the latest GDP decline — here are 3 big reasons why a 2022 recession would be like no other
President Biden says US is ‘on the right track’ despite the latest GDP decline — here are 3 big reasons why a 2022 recession would be like no other No two recessions are alike. But the pot...
US plunges into recession as inflation hammers world’s biggest economy
US President Joe Biden – Brendan Smialowski / AFP Joe Biden has insisted that the US is not in a recession despite after official figures showed the world’s biggest economy had shrunk in two con...
Stock market’s post-Fed bounce is a ‘trap,’ warns Morgan Stanley’s Mike Wilson
“‘Ultimately, this will be a trap.’” — Mike Wilson, chief U.S. equity strategist and CIO, Morgan Stanley Morgan Stanley’s Mike Wilson, who correctly called the stock market’s 2022 swoon, isn’t convinc...
Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP Growth – Economics Bitcoin News
The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows th...
Amazon set to report earnings amid recession fears
Amazon (AMZN) reported its financial results after the closing bell on Thursday, beating analysts’ expectations on revenue. The stock soared 12% higher in after-market trading. Still, Amazon als...
Yellen says the economy is not in a recession despite GDP slump
Treasury Secretary Janet Yellen said Thursday the U.S. economy is in a state of transition, not recession, despite two consecutive quarters of negative growth. Recession, Yellen insisted, is a “...
U.S. economy is ‘technically’ in a recession now: what’s next?
U.S. equities are in the green this morning even after the Bureau of Economic Analysis said the economy contracted at an annualised pace of 0.9% in the second quarter of 2022. Expert reacts to the GDP...
The U.S. Had 6 Months Of Economic Decline. So What’s The Definition Of A Recession?
TOPSHOT – Traders work on the floor at the opening bell of the Dow Industrial Average at the New … [+] York Stock Exchange on March 18, 2020 in New York. – Wall Street stocks resumed...
Fed raises rates by 75bps, recession close?
The Federal Reserve (Fed) chose the most painless path by raising rates by 75 basis points last night, rather than 100 bp as assumed by some analysts. The choice was a difficult one. However, the dec...
Stocks Rally Despite U.S. GDP Shrinking For A Second Quarter In A Row—But Experts Say No Recession Yet
Topline The stock market moved higher on Thursday despite U.S. economic growth contracting for the second quarter in a row, a significant recession indicator which spooked markets—though most experts ...
The economy may look like it’s in recession, but we still don’t know for sure
In an aerial view, shipping containers sit idle at the Port of Oakland on July 21, 2022 in Oakland, California. Truckers protesting California labor law Assembly Bill 5 (AB5) have shut down operations...
U.S. Enters Recession Territory With Second-Quarter GDP Falling 0.9%
Key Takeaways The U.S. second-quarter Gross domestic Product growth has come in at -0.9%. The latest data shows a second consecutive quarterly contraction, meaning the U.S. economy is technically in a...
US Officially in Recession as GDP Shrinks 0.9% – Trustnodes
The United States economy has contracted for the second quarter in a row according to the just released data by the Bureau of Economic Analysis. “Real gross domestic product (GDP) decreased at an annu...
EUR/USD forecast as US sinks to a recession and EU confidence slips
The EUR/USD price dropped sharply on Thursday after economic data from the US showed that the economy sunk to a recession in the second quarter. The pair dropped to a low of 1.0110, which was sharply ...
GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal
The U.S. economy contracted for the second straight quarter from April to June, hitting a widely accepted rule of thumb for a recession, the Bureau of Economic Analysis reported Thursday. Gross domest...