Tag Archives: recession

[unable to retrieve full-text content]Charting the global economy: Euro-area recession looks likely  Yahoo Finance Source link

[unable to retrieve full-text content]‘Fog on the horizon’: CEOs brace for recession  Yahoo Finance Source link

[unable to retrieve full-text content]The earnings recession is about to begin  Yahoo Finance Source link

[unable to retrieve full-text content]Goldman boosts US recession odds after slashing GDP forecast  Yahoo Finance Source link

DAVOS, Switzerland — At this year’s World Economic Forum, talk about a recession among top business leaders was flowing as freely as the high-calorie Swiss desserts. Yahoo Finance Live spoke with numerous leading CEOs to get their thoughts on the global economy, the Russia-Ukraine war, and the outlook for inflation. Here is what several big names in business had to say on the potential for a recession in the next year. More Yahoo Finance coverage of Davos 2023: A ‘mild’ and ‘shallow’… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox by signing up here. Saturday, January 14, 2022 Today’s newsletter is by Myles Udland, Head of News at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Big banks including JPMorgan, Wells Fargo, Citigroup, and Bank of America all reported quarterly results on Friday. These firms collectively sent a clear message to… Source link

A devastating combination of conditions — hiked mortgage rates, high construction costs, and low inventory levels — has hammered the housing market this year. “We firmly believe that we’re in a housing recession right now,” Jerry Howard, CEO of the National Association of Home Builders, told Yahoo Finance Live (video above), noting that he’s “particularly concerned with the first-time homebuyer quadrant.” The share of first-time homebuyers dipped to 26% from 34% just a year ago,… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, December 16, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. Forget about a soft landing in 2023. Should the Fed achieve its goal of reducing inflation, it’s all but guaranteeing a punishing… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, December 15, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App.Yahoo Finance App. The Federal Reserve expects an economic downturn next year. But just don’t call it a recession. In its… Source link

Hedge fund manager Bill Ackman believes the Federal Reserve’s 2% inflation target is unattainable without severe pain for the U.S. economy. The Pershing Square Capital founder and CEO said in a tweet Wednesday it would take a “deep, job-destroying recession” for inflation to return to that level, which marks the U.S. central bank’s long-term price stability goal. “Even if it gets back to 2%, it won’t remain stable there for the long term,” Ackman said in a tweet Wednesday after… Source link