Topline European stocks and U.S. stock futures slumped early on Thursday amid fears of a recession, a day after Federal Reserve Chairman Jerome Powell told Congress the central bank will continue to h...
Tag: Recession
Stocks go nowhere, Powell calls recession a ‘possibility’
US stocks were lower, but barely changed, on Wednesday, with none of the three major averages logging changes larger than 0.2% At the closing bell on Wednesday the S&P 500 dropped 0.13% to settled...
JP Morgan Analyst Lowers Price Targets On These 4 Popular REITs As Recession Fears Rise
JPMorgan Chase & Co. (NYSE: JPM) is slashing price targets on four popular real estate investment trusts (REITs) as recession fears continue to weigh heavily on the market. While REITs are often l...
Dow Jones Up As Powell Gives This Recession Warning; Bitcoin Crumbles Again; 3 Stocks Eye Buy Points
The Dow Jones Industrial Average rose even after Federal Reserve Chairman Jerome Powell issued a recession warning. Bitcoin was falling again, with Coinbase (COIN) and Riot Blockchain (RIOT) also tumb...
The U.S. housing market is teetering on recession. Will the economy soon follow?
The last time the housing market suffered a major meltdown in 2006, it took the entire U.S. economy with it. But history never follows the exact same script twice. The weakening housing market is undo...
Stock market nosedive, recession and your 401(k). Here’s what to do.
Even some of the most aggressive retirement savers and investors might find themselves a bit nervous these days with talks of a recession and a market downturn, so the best strategy for those in it fo...
Powell says U.S. economy can handle the additional rate hikes that are coming
Federal Reserve Chairman Jerome Powell on Wednesday pushed back against economists who argue that aggressive Fed interest-rate hikes have increased the odds of a recession or hard landing for the U.S....
Powell Says Fed Will Continue Hiking Rates Until There Is ‘Compelling Evidence’ That Inflation Is Slowing
Topline Federal Reserve Chairman Jerome Powell pledged in testimony before Congress on Wednesday that the central bank is “moving expeditiously” to raise interest rates and remains “strongly committed...
Dow Drops 200 Points As Wall Street Banks Warn Of ‘Significant Downturn’ And Raise Recession Odds
Topline Stocks fell on Wednesday as a growing number of major Wall Street firms warned that the likelihood of a recession has risen sharply, predicting that markets could tank even further as the Fede...
U.S. stock futures drop as Powell testimony looms, recession worries return to the spotlight
Recession worries were back in the spotlight for Wall Street on Wednesday, with equity futures and oil prices dropping, as investors looked ahead to Congressional testimony from Federal Reserve Chairm...
S&P 500 must fall another 15%-20% to price in recession, says Mike Wilson at Morgan Stanley
The price is not right. That’s the verdict from strategists at Morgan Stanley and Goldman Sachs, who each warned as a new week kicked off that the stock market wasn’t fully pricing in a recession. And...
Goldman Sachs Sees Higher US Recession Risk Citing Concerns the Fed Will ‘Respond Forcefully’ to High Inflation – Economics Bitcoin News
Goldman Sachs’ economists now see an increased risk of a U.S. recession. “We are increasingly concerned that the Fed will feel compelled to respond forcefully to high headline inflation and consumer i...
Elon Musk Discusses Crypto Investing, Dogecoin Support, ‘Unresolved’ Twitter Issues, and Near-Term Recession – Featured Bitcoin News
Tesla and Spacex CEO Elon Musk has shared his views on a variety of topics, including crypto investing, why he supports the meme cryptocurrency dogecoin, “unresolved matters” in his Twitter takeover b...
Energy Stocks Jump As Oil Surges Again—Prices Will Remain Elevated Through Summer
Topline Energy stocks once again outperformed the rest of the market as oil and gas prices remain elevated due to inflation; despite ongoing risks to tight global supply such as Russia’s invasion of U...
S&P 500: 9 Big Companies Already Plunged Into A Recession, Analysts Say
Wall Street is nervous that possibly a recession is right around the corner. But some analysts think some S&P 500 companies sank into one already. X Nine companies in the S&P 500, including co...
Elon Musk joins the growing chorus fearing a U.S. recession. But there are stocks for that.
Look out above, the dip buyers are back in town. Stocks are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress...
Five Stocks That Could Hold Up In A Recession
Photo credit: Brian van der Brug. Los Angeles Times via Getty Images Suddenly, investors are looking for companies that can survive a possible recession. Corporations with high profitability and low d...
‘We now see recession risk as higher and more front-loaded’
Goldman Sachs strategists are starting to change their tune on the potential for a U.S. recession. “We now see recession risk as higher and more front-loaded,” Goldman Sachs Chief Economis...
Dow Jumps 400 Points Even As Experts Warn Recession Could Lead To Further Stock Selloff
Topline Stocks moved higher on Tuesday as the market attempted to recover from its worst week since March 2020, despite the fact that investors widely remain nervous about surging inflation and rising...
US banks’ ability to ride out downturn in spotlight as recession fears grow
The ability of the largest US banks to withstand a severe economic downturn will be in focus this week as the Federal Reserve publishes the results of the industry’s annual stress tests, amid growing ...
Elon Musk Says U.S. Recession Is ‘Inevitable,’ More Likely In The Near Term
Topline Tesla CEO and billionaire Elon Musk said the U.S. economy will likely face a recession in the near term in an interview with Bloomberg on Tuesday, echoing concerns raised by several other top ...
Deutsche Bank Expects Sooner, More Severe US Recession as the Fed Takes ‘Aggressive Hiking Path’ – Economics Bitcoin News
Deutsche Bank has updated its recession forecast. The bank’s economists now see “an earlier and somewhat more severe recession” than previously predicted. “The Fed has undertaken a more aggressive hik...
Middle East Crypto Exchange, BitOasis, Cuts 5% Of Its Staff Citing Recession and Market Turmoil
As the bear market spreads, more cryptocurrency exchanges are joining the wave of mass layoffs, even though some analysts suggest that the bottom might be in. On June 19, BitOasis, a cryptocurrency ex...
President Biden Insists US Recession Is Not Inevitable — Treasury Secretary Yellen Concurs – Bitcoin News
President Joe Biden and Treasury Secretary Janet Yellen say that a U.S. recession is not inevitable, dismissing the concerns of many economists who have predicted an upcoming recession. In addition, B...
Wells Fargo sees a recession brewing by next year — here are 3 stocks it’s keeping behind the emergency glass
Wells Fargo sees a recession brewing by next year — here are 3 stocks it’s keeping behind the emergency glass When the Fed announced the largest interest rate hike since 1994, the market did not...
Another Major International Bank Forecasts Recession In The U.S.
Topline Japanese investment bank Nomura on Monday became the latest bank to predict an oncoming recession in the U.S. economy sometime later this year—joining the likes of Deutsche Bank and Morgan Sta...
Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down – Economics Bitcoin News
Cleveland Federal Reserve Bank president Loretta Mester doesn’t think a recession will take place in the United States but believes it will take two years to get inflation back down to 2%. While speak...
White House, Others Disagree Over US Recession
Treasury Secretary Janet Yellen has stated that the United States will avoid recession. Janet made the comment while speaking on ABC News ‘This Week‘ on Sunday. Despite rising concerns from different ...
Stocks Historically Don’t Bottom Out Until the Fed Eases
Another week of whipsaw stock trading has many investors wondering how much farther markets will fall. Investors have often blamed the Federal Reserve for market routs. It turns out the Fed has often ...
The small-cap bank stock to buy in a recession
Banking stocks have plummeted in the past few months even as central banks have embraced a hawkish tone. The closely watched SPDR Bank ETF (KBE) has fallen by about 28% from its highest level in 2022....
Fed’s Waller backs another jumbo interest-rate hike in July
Federal Reserve Gov. Christopher Waller said Saturday that he would like to see another 75 basis point interest rate hike at the next policy meeting in late July. Waller supported the Fed’s decision t...
Treasury Secretary Yellen Says Recession Not ‘At All Inevitable’—But Inflation Is ‘Unacceptably High’
Topline Treasury Secretary Janet Yellen said Sunday a recession is not “at all inevitable,” though she warned economic growth could slow, days after the Federal Reserve hiked interest rates to fight i...