Health inequity is expensive. A new report by Deloitte elucidates the details: “…health inequities account for approximately $320 billion in annual health care spending signaling an unsustainable cris...
Tag: Recession
Stocks Are Crashing But History Shows This Bear Market Could Recover Faster Than Others
Topline Stocks have struggled for direction since falling into a bear market earlier this month amid looming recession fears, but history shows that the market’s rapid pace of decline this year could ...
Powell Says Fed Can Avert Recession But Task Getting Tougher
(Bloomberg) — Federal Reserve Chair Jerome Powell said the US economy is in “strong shape” and the central bank can reduce inflation to 2% while maintaining a solid labor market, even though tha...
Carnival Shares Plunge Nearly 15% As Morgan Stanley Warns Of Potential Stock Wipeout
Topline Cruise stocks tanked on Wednesday after yet another major Wall Street firm warned that weak demand and higher costs could sink industry profits and lead to another demand shock, with Morgan St...
Consumer Confidence Is Crumbling Despite Economic Expansion
Getty Images Key takeaways The Consumer Confidence Index fell 4.5 points between May and June to its lowest point since February 2021 (98.7) Despite low consumer confidence, the economy continues to e...
U.S. Economy Shrank Worse-Than-Expected 1.6% Last Quarter As Recession Fears Grow
Topline The economy last quarter posted its worst annualized showing since the pandemic-induced recession in 2020, the government said in an updated release Wednesday, blaming an unexpected decline in...
EUR/USD Forex Technical Analysis – Lower after Lagarde Downplays Recession, Aggressive Rate Hikes
The Euro is edging lower on Tuesday after European Central Bank (ECB) President Christine Lagarde failed to deliver the hawkish outlook on interest rates that investors were expecting. Earlier in the ...
The bottom of the bear market is still 10% away, Morgan Stanley Wealth Management says. And the odds of a recession have doubled, too
The stock market is off to one of its worst starts ever this year, with the S&P 500 falling more than 20% year to date. It’s a rout that has left many investors wondering when they will be able to...
How long will stocks stay in a bear market? It hinges on if a recession hits, says Wells Fargo Institute
When the S&P 500 officially dropped into a bear market on June 13, closing down more than 20% from its last peak, it stirred debate about whether investors should hold tight or think about buying ...
Dow Plunges Nearly 500 Points, Recession Fears Resume As Consumer Confidence Hits New Low
Topline Stocks fell for a second day in a row on Tuesday as markets failed to build on last week’s strong rebound from 2022 lows, with investors once again selling off shares amid looming recession fe...
Cathie Wood: I Erred On Inflation, But Recession is Here
Hotshot investor Cathie Wood, chief executive of Ark Investment Management, has said repeatedly in recent weeks that we’re headed for disinflation soon. But she acknowledges that she failed to realize...
Billionaire Mike Novogratz Predicts Recession, Issues Alert for Specific Sector of Crypto Markets
Galaxy Digital founder and CEO Mike Novogratz thinks an overall economic recession will follow the current “crypto recession.” In a new interview with New York Magazine, the crypto billionaire says he...
ARK Invest’s Cathie Wood says the U.S. is already in a recession
Ark Invest CEO Cathie Wood said Tuesday that the U.S. is already in an economic downturn, and she admitted that she underestimated the severity and lasting power of inflation. “We think we are i...
New York Fed President John Williams says a U.S. recession is not his base case
New York Federal Reserve President John Williams said Tuesday he expects the U.S. economy to avoid recession even as he sees the need for significantly higher interest rates to control inflation. R...
Mr. Big Short: Fed May do a 180 on Interest Rates
The Federal Reserve has raised its federal funds rate target by 150 basis points since March, and speculation now centers on how much further the Fed will go. Interest-rate futures traders see an 89% ...
Suze Orman thinks we’re headed for a recession and warns that things may get a ‘little bit ugly.’ Here’s what she likes for safety
‘We have a whole lot more to go down’: Suze Orman thinks we’re headed for a recession and warns that things may get a ‘little bit ugly.’ Here’s what she likes for safety According to personal fi...
Citigroup cuts S&P 500 target to reflect blend of recession, ‘soft landing’ scenarios
Citigroup analysts have cut their S&P 500 target for this year by 500 points to 4,200, after stubbornly high inflation spurred the Federal Reserve to aggressively raise interest rates. “Fed hawkis...
Avoidable or inevitable recession? Billionaire David Rubenstein’s view
Much of the U.S. market focus has been on the Federal Reserve’s more aggressive interest rate hikes as a reason to fear a recession. But Carlyle Group co-founder and co-chairman David Rubenstein...
Unemployment Will Rise And ‘Extreme’ Price Pressures Continue As Fed Hikes Risk Recession, S&P Warns
Topline Economists at S&P Global Ratings on Monday warned the likelihood of a recession over the next year is increasing as the Federal Reserve continues its most aggressive economic tightening cy...
The Junk Asset Class Yet To Implode
As Warren Buffett says, “Only when the tide goes out do you discover who’s been swimming naked.” Now that the tide is receding as fast as it ever does, the list of exposed asset classes is getting lon...
Recession may not be here yet — but stagflation is: El-Erian
While economists debate the likelihood of a recession in the next year, the U.S. is stuck at an uncomfortable way station – stagflation. As the word implies, this economic predicament features slowing...
A Recession May Be Coming. But Here’s a Silver Lining
Smart Asset: Should You Sell Stock in a Recession? Past economic downturns have shown that we may already be in a recession even before economists can officially tell us. A stock market drop could be ...
It’s ‘uncomfortably possible’ that the Fed will ‘push us into recession’
The Federal Reserve’s ability to achieve a soft landing in its fight against inflation is looking increasingly less likely, according to economists and the central bank itself. “It is, unfortunately, ...
Gina Sanchez: Constellation Brands will do good in a recession
Constellation Brands Inc (NYSE: STZ) did great during the pandemic and it will do just as well during a recession, says Gina Sanchez. She’s the CEO of Chantico Global. Sanchez explains why she l...
Dow Jumps 800 Points, Stocks Snap Three-Week Losing Streak After Inflation Expectations Ease
Topline The stock market rebounded strongly on Friday, posting its first positive week this month as recession fears subsided somewhat thanks to positive economic data suggesting that inflation may ha...
Multiple Signals Now Point To U.S. Recession
NEW YORK, NY – FEBRUARY 25: Traders work through the closing minutes of trading Tuesday on the New … [+] York Stock Exchange floor on February 25, 2020 in New York City. Fueled by deepenin...
Will Bitcoin Offer an Answer to the Ongoing Global Recession? » NullTX
The price of Bitcoin continued to fall yesterday, dropping as much as 2.9 percent to $20,244. BTC is currently trading at $20,357.77, a slight improvement from yesterday. Notably, it is moving in tand...
European Stocks Stumble as Recession Fears Dawdle
European stocks continue to crumble as the markets keep struggling to float above the waters and absorb possible recession fears. A preliminary survey by S&P Global showed that French business act...
Bitcoin Slips plunges to $20K: chances of recession are high
A small relief rally appeared to reverse recession fears in the larger global markets, as Bitcoin (BTC) dropped to below $20,000 during Asian trading hours on Wednesday. High recession risk The bear m...
Can media companies survive a recession? Executives say yes
Delegates wait in line at Cannes Lions International Festival of Creativity, Cannes, France, June 2019 Cannes Lions While media executives are meeting with advertising leaders this week over glasses o...