U.S. Treasury Secretary Janet Yellen testifies before a House Ways and Means Committee hearing on President Biden’s proposed 2023 U.S. budget, on Capitol Hill in Washington, June 8, 2022. Jonath...
Tag: Recession
Inflation and recession fears are squeezing some industries more than others
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP...
Mike Novogratz Predicts Recession – But Crypto Bottom is Close
Though many analysts predict a recession in 2023, Wall Street veteran and Bitcoin bull Mike Novogratz just issued one of the most pessimistic forecasts yet. “The market is going to crumble,” Novogratz...
$100K BTC Predictions, Peter Schiff on Recession and Bitcoin, Bill Gates Slams NFTs — Bitcoin.com News Week in Review – The Weekly Bitcoin News
It’s been a week of polarizing opinion in crypto news. Whether it’s cryptocurrency fund managers predicting $100K bitcoin by the end of the year, Peter Schiff saying things “will only get worse as the...
Why stock-market investors are ‘nervous’ that an earnings recession may be looming
Investors are anxious the stock market may be facing an earnings recession, potentially leading to deeper losses after the S&P 500 index just suffered its worst week since March 2020. “It’s prett...
Oracle Stock Looks Like a Buy Even in a Recession
Text size Oracle expects its cloud business to grow at least 30% in its next fiscal year. David Paul Morris/Bloomberg Amid a devilish brew of rising rates, high inflation, and recession fears, the tec...
Stocks Post Worst Week Since March 2020 Amid ‘Deafening’ Recession Worries
Topline The stock market struggled for direction on Friday after brutal selloffs in recent days, with the benchmark S&P 500 on track for its worst week since March 2020 as investors brace for a lo...
Gas Price Relief In Sight As Crude Oil Tumbles on Recession Fears
Updated at 1:32 pm EST U.S. drivers may get some near-term relief on gas prices heading into the Juneteenth holiday weekend as crude prices plunged to a three-week low in mid-day Friday trading amid o...
Why Experts Pick These Stocks During Economic Turmoil
Topline With stocks falling into a bear market this year amid fears that aggressive rate hikes from the Federal Reserve will plunge the economy into a looming recession, top firms on Wall Street are a...
Putin Taunts West Over ‘Putin Inflation’ In Speech At ‘Russian Davos’
Topline Russian President Vladimir Putin said during a Friday speech those blaming him for surging inflation don’t “know how to read or write,” directly mocking President Joe Biden, who’s pinned much ...
Stocks On Track For Worst Week Since March 2020 Amid ‘Deafening’ Recession Worries
Topline The stock market moved slightly higher on Friday as it attempts to rebound from a brutal selloff, with the benchmark S&P 500 on track for its worst week since March 2020 as investors brace...
Tesla’s Tough Quarter Means Price Hikes, Job Cuts And Stalled Production In China
Tesla Model Y and Model 3 electric vehicles built at the company’s Shanghai plant are loaded up to be shipped to Belgium. Shen Chunchen/VCG via Getty Images Tesla’s Model Y, the electric-car mak...
A Recession Is ‘Not Inevitable’, Biden Says, As He Acknowledges The Nation’s Mood Is Down
Topline President Joe Biden acknowledged that two years of the pandemic and high inflation have battered the national mood, during an interview with the Associated Press in which he expressed optimism...
‘Somebody forgot to tell the boat industry’ about inflation, the bear market, and recession fears
There could be a lot more skippers out on the open water this summer despite conditions on dry land being one of red-hot inflation, plunging stock prices, and rampant recession fears. “While big...
Wall Street vet and Bitcoin bull Mike Novogratz says the economy is going to ‘collapse’ and we’re heading into a ‘really fast recession’
While many economists agree a recession is likely coming in 2023, Wall Street veteran and Bitcoin bull Mike Novogratz has just given one of the most dire outlooks yet. “The economy is going to collaps...
Wealth Management Firms Thinking Happy Thoughts Amid Ugly Bear Market
Despite a bear market, many on Wall Street are optimistic about the long term prognosis for the … [+] economy and markets. LightRocket via Getty Images “The underlying US economy is going to be ...
Jim Cramer warns even high-quality low price-to-earnings stocks could get beaten down by a recession
CNBC’s Jim Cramer warned investors on Wednesday that while there are some stocks with low price-to-earnings multiples that look cheap and therefore investable, it’s worth noting that they ...
Dow Plunges 700 Points As Fed Rally Evaporates Amid Fears That A Recession Is ‘Inevitable’
Topline Markets tanked on Thursday as recession fears surged once again, with stocks reversing gains from the previous session when the Federal Reserve announced it would hike rates by 75-basis-points...
Fed ‘not trying to induce a recession’ with interest rate hikes
Federal Reserve Chairman Jerome Powell said Wednesday that the central bank hopes to avoid a recession after ratcheting up its pace of interest rate hikes. “We’re not trying to induce a recession now,...
Millionaire fear Fed can’t tame inflation and stave off recession
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 9, 2022. Brendan Mcdermid | Reuters American millionaires are raising cash in response to lingering inflati...
70% of economists say America is headed for a recession: poll. How to invest now
Worried about a recession? Here are some tips from pros Getty Images/iStockphoto Many economists say the United States will fall into a recession next year, according to a new poll by the Financial Ti...
Two dividend ETFs to weather a recession
Investors fearful of things getting much worse in an already challenging year for markets can find some solace in diversification. As individual stocks can carry a lot of risks, diversification plays ...
‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’
Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with the likelihood of a “fast recession” on th...
Will there be a recession in 2022? Guggenheim’s Minerd says we are already in one
The largest rate hike since 1994 took place Wednesday as the US Federal Reserve hiked its benchmark interest rate by three-quarters of a percentage point. This begs the question: are there any similar...
Dow Jumps 300 Points After Powell Says Fed Could Hike Rates By 75 Basis Points Again In July
Topline The stock market moved higher on Wednesday after the Federal Reserve raised interest rates by 75 basis points—the largest increase in 28 years, while Fed Chair Jerome Powell also signaled that...
Housing Market Could ‘Torpedo’ U.S. Economy, Expert Warns
Topline Mortgage rates have surged higher this week as markets digest more aggressive interest-rate hikes from the Federal Reserve, and with the average 30-year fixed mortgage rate hitting its highest...
Stocks Pare Back Gains After Federal Reserve Hikes Rates By 75 Basis Points
Topline The stock market opened higher on Wednesday but pared back gains after the Federal Reserve raised interest rates by 75 basis points—the largest increase in 28 years, as investors continue to w...
Recession Vs. Bear Market In The S&P 500 And Dow Jones
getty Key takeaways On Monday, the S&P 500 closed in a bear market for the first time since March 2020 The Nasdaq Composite has been in a bear market for a few weeks now, while the DOW is approach...
‘Don’t Be Fooled’ By Latest Rally As Stocks Prepare For Looming Fed Rate Hikes, Experts Warn
Topline The stock market moved higher on Wednesday as investors nervously look ahead to the conclusion of the Federal Reserve’s upcoming policy meeting, with the central bank now expected to hike inte...
Why Coinbase Will Cut 18% Of Workforce “During Recession”
Major crypto exchange Coinbase published a message from its CEO, Brian Armstrong. The company has decided to reduce its workforce by 18% to “ensure we stay healthy during this economic downturn”. Rela...
Coinbase CEO Brian Armstrong Announces Massive Staff Cuts, Citing Recession and Crypto Winter
The head of leading US-based crypto exchange is making significant company-wide layoffs in preparation for a crypto winter. In a new blog post, Coinbase CEO Brian Armstrong announced the exchange will...