Text size Morgan Stanley CEO James Gorman says he sees a 50% chance of a recession. Saul Loeb/AFP via Getty Images Fears about a possible recession sent stock markets into free fall on Monday as inves...
Tag: Recession
Here’s How Markets Reacted Last Time The Fed Hiked Rates By 75 Basis Points
Federal Reserve Chair Jerome Powell. Alex Brandon/ASSOCIATED PRESS The stock market carnage this year continues to get worse, with the S&P 500 recently falling into a bear market amid rising fears...
Coinbase CEO Announces 18% Layoff Amid Impending Recession
Brian Armstrong – CEO of Coinbase – today announced his decision to reduce the size of the company’s team by 18%. Every Coinbase employee has now been issued a letter informing them of whether they’ve...
Bank Of America Says Credit Data Doesn’t Signify A Recession
Getty Images Key takeaways On Friday, the BLS reported that May inflation increased 8.6% year-over-year, marking the fastest inflation growth since 1981 On Monday, the Bank of America’s Chief Financia...
S&P 500: Recession Fear Crashes 11 Major Stocks Below 4 Bucks A Share
Investors are running out of superlatives to describe just how ugly the S&P 500 crash this year is. But here’s a fact that drives it home: 11 major stocks are now trading for less than $4 a ...
A 75-basis-point hike? Here are 3 ways the Fed can sound more hawkish this week
The Federal Reserve’s plan to raise its benchmark rate to a neutral level, around 2.5%, by the end of the year is under pressure after a surprisingly strong May consumer-inflation data. “The May CPI w...
Coinbase Lays Off 1,100 Employees—Billionaire CEO Warns Recession Could Worsen Impact Of $1 Trillion Crypto Crash
Topline The billionaire chief of popular crypto-brokerage Coinbase on Tuesday announced plans to lay off about 18% of the company’s workforce to lower costs ahead of a potential recession, joini...
Coinbase lays off 18% as execs prepare for recession, ‘crypto winter’
Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman | Getty Images Coinbase is laying off almost a fifth of its workf...
‘Profit recession’ warning as markets wait for aggressive central bank moves
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 13, 2022. Brendan McDermid | Reuters Global stock markets diverged on Tuesday after a worldwide sell-off in the prev...
2 stocks not to buy during a recession
The economic outlook is currently clouded with uncertainties, with the lingering pandemic, Russian invasion of Ukraine, and lockdowns in China. Meanwhile, in the U.S., the Federal Reserve (Fed) is rai...
Wharton professor Jeremy Siegel is one of the best stock watchers alive. He says the S&P 500 is already pricing in a recession and bear market
Is a recession already priced into equity markets? The world-renowned economist Jeremy Siegel says it sure looks like stocks have discounted at least a “mild recession” amid this year’s downturn. On M...
S&P 500: 5 Stocks To Avoid Like The Plague When The Recession Starts
Many S&P 500 investors are convinced a recession is on the way. And if it is, you’ll want to know which stocks to avoid. X The stocks that routinely suffer most during recessions are somewha...
Morgan Stanley CEO James Gorman sees 50-50 odds of recession ahead
Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014. Joshua Roberts | Reuters The odds of a rec...
Peter Schiff Warns ‘Don’t Buy The Dip’ As Bitcoin Crashes On Recession Fears
Economist Peter Schiff – the favorite opponent of bitcoin evangelists on social media – has again sounded his trumpet of doom for cryptocurrency, particularly Bitcoin and Ether. According to the gold ...
Short but Very Sharp Recession Ahead, Warns Macro Guru Raoul Pal – Here’s His New Outlook for Crypto
Real Vision CEO and macro guru Raoul Pal is unveiling his latest outlook for crypto as he predicts more pain for both equity and digital asset investors. In a new interview with Delphi Media, the for...
65% chance of recession in Crypto
BTC Price at the time of writing – $27,610.51 There might be another risk sentiment in the market – Experts BTC’s Market Cap is down by 3% over the last 24 hours Teacher of Applied Economics at John H...
Economist Peter Schiff Explains Why He Expects Bitcoin to Crash as Recession Deepens — Warns ‘Don’t Buy This Dip’ – Bitcoin News
Economist and gold bug Peter Schiff has made some dire predictions about cryptocurrency, particularly bitcoin and ether. He explained that “The need to sell bitcoin to pay the bills will only get wors...
Crypto Markets Lose $100B As Recession Threats Loom Large
Over $100B was wiped off the cryptocurrency market this weekend after Treasury Secretary Janet Yellen issued a somber crypto warning. As Bitcoin dropped to $27,000, it’s now at its lowest point since ...
American Investor Stanley Druckenmiller Warns of Recession
American billionaire investor Stanley Druckenmiller warned the U.S. economy will slip into recession next year, and said that he would rather “own more bitcoin (BTC) than gold” amid rising inflation. ...
Dow tumbles as inflation reading triggers market shock waves: What investors need to know
From Wall Street to Main Street, fears that the U.S. economy could be sliding into 1970s-style “stagflation” have been percolating. References to the sticky situation appeared in news headlines all we...
Economist says there’s 65% chance of recession as Bitcoin extends losses below $30k
Professor of Applied Economics at John Hopkins University Steve Hanke believes that the United States soaring inflation is an indication the economy is going into recession soon. Speaking during an i...
‘We’re in technical recession, but just don’t realize it’: Bank of America sees more ‘shocks’ to come
The shocks aren’t over. Get ready. That’s the timely Friday advice of Bank of America, delivered hours before worse-than-expected U.S. inflation data knocked the wind out of Wall Street and left inves...
Inflation Soars To Highest Level In 40 Years As Recession Risk Rises
Coon Rapids, Minnesota. Billboard on the cruelties of inflation.. (Photo by: Photographer … [+] name/Universal Images Group via Getty Images) UCG/Universal Images Group via Getty Images The Bure...
A severe recession is possible, economic expert warns
Dust off your recession preparation handbook you used back in 2008-2009 as the setup exists for a severe recession not too far off in the future, warns one business cycle expert. “The job market...
Stanley Druckenmiller fears a recession but isn’t betting against stocks. Here’s why.
Sometimes, it’s hard getting workers of a certain generation to do much of anything at all. Here’s one: “Currently, I’m going in every day, and I’m looking at my screen, but I’m pretty much taking a b...
ARMs are staging a comeback, but is it the Great Recession all over again?
‘Disaster for all involved’: ARMs are staging a comeback, but is it the Great Recession all over again? Rising interest rates are fueling a run on adjustable rate mortgages, bringing their...
Dow Plunges 750 Points After ‘Very Troubling’ Inflation Report Fuels Fears Of Impending Recession
Topline Federal Reserve Board Chairman Jerome Powell testifies before a Senate committee in January. ASSOCIATED PRESS Key Facts Though at one point positive in pre-market trading, the Dow Jones Indust...
Veteran strategist details ‘Recession Bear Market’ scenario, slashes S&P target
If a recession takes hold in the U.S. next year, it could get pretty painful for investors. How painful? In a new note to clients, EvercoreISI strategist Julian Emanuel detailed a bearish scenario for...
Dow Drops 600 Points Ahead Of Looming Inflation Report
Topline Stocks plunged on Thursday as recession fears continued to weigh on markets and investors nervously looked ahead to a closely-watched consumer price index reading due Friday, with ongoing conc...
Is Johnson & Johnson A Recession-Proof Stock?
AFP via Getty Images Key Takeaways There is increased talk of a potential recession in the cards over the next 12 months Periods of negative economic growth can create a challenging environment for so...
S&P 500: 19 Stocks You’ll Wish You Own When The Recession Hits
S&P 500 investors are playing a waiting game: When will the next recession hit? But it doesn’t have to be a game of chicken, too. X Contrary to popular belief, you don’t have to bail o...
this ‘underrated’ biotech firm can weather a recession
The iShares Biotechnology ETF (IBB) is still down nearly 25% for the year, but Alger’s portfolio manager says there are opportunities within this space that can weather a recession. Zhang’s favourite ...