Economic Recession

Economic Recession
Global Economy
Recession
U.S. Recession

World Bank to Warn of Global Recession Risk in Economic Outlook

(Bloomberg) — The World Bank is concerned that “further adverse shocks” could push the global economy into recession in 2023, with small states especially vulnerable. The warning is contained in an abstract for the bi-annual “Global Economic Prospects” report due for release on Tuesday and visible on the group’s Open Knowledge Repository website. Even without […]

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Bear Market
Economic Recession
Recession
U.S. Recession

Goldman Sachs Strategists Say Bear Market Will Last in 2023

(Bloomberg) — Equity investors hoping for a better year in 2023 will be disappointed, according to Goldman Sachs Group Inc. strategists, who said the bear market phase is not over yet. “The conditions that are typically consistent with an equity trough have not yet been reached,” strategists including Peter Oppenheimer and Sharon Bell wrote in […]

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Economic Recession
Global Economy
Global Inflation

Recession Dangers Augur New Era of Policy Trade-Offs: Eco Week

(Bloomberg) — A new snapshot of the global economy’s weakening growth and persistent inflation will arrive in the coming week, just as surveys reveal headwinds for manufacturers from the US to Europe and Japan. The OECD’s forecasts on Tuesday will show how officials at the Paris-based organization perceive a loss of momentum gripping countries around […]

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Economic Recession
Economic Trends
Economy
Stagflation

Wall Street Rebuffs Soft-Landing Dream as 92% Bet on Stagflation

(Bloomberg) — On the most optimistic corners of Wall Street, promising inflation data over the past week or so suggest the Federal Reserve may accomplish a soft landing after all. Yet no such belief prevails among the big money managers, who are betting that an economic downturn riddled with still-hot price pressures will define trading […]

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Economic Recession
Federal Reserve
Recession
Top Stock Market News
U.S. Recession

Fed Seen Aggressively Hiking to 5%, Triggering Global Recession

(Bloomberg) — Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a US and global recession, economists surveyed by Bloomberg said. The Federal Open Market Committee will raise rates by 75 basis points for a […]

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Economic Recession
Recession
Top Stock Market News
U.S. Recession

US Stocks Have Just Started Pricing In Recession

(Bloomberg) — US stocks may resume their slump as they have only just begun to price in a recession, according to Citigroup Inc.’s quant strategists. The market has turned “decidedly defensive again,” the strategists including Hong Li wrote in a note Tuesday. Recent synchronized moves suggest “equity investors are paying closer attention to the increased […]

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Economic Recession
Recession
Stock Market
Top Stock Market News
U.S. Recession

Stock Traders Brace for a Steeper Dive as Fed Ups Recession Fear

(Bloomberg) — A hawkish Federal Reserve crushed whatever hope investors had, plunging the stock market into a doom spiral last week and sparking traders’ fears that even more losses are on the way. Any hopes that stocks had priced in the bulk of the bad news heading into the Fed’s latest meeting are now dashed. […]

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Copper
Economic Recession
Economy

A Great Copper Squeeze Is Coming for the Global Economy

(Bloomberg) — The price of copper — used in everything from computer chips and toasters to power systems and air conditioners — has fallen by nearly a third since March. Investors are selling on fears that a global recession will stunt demand for a metal that’s synonymous with growth and expansion. You wouldn’t know it […]

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Economic Recession
Economic Trends
Economy
US Economy

Morgan Stanley’s Wilson Sours on US Earnings Amid Growth Jitters

(Bloomberg) — One of Wall Street’s biggest bears is turning even more pessimistic on the outlook for US earnings against the backdrop of a slowdown in economic growth. Morgan Stanley strategist Michael J. Wilson cut his expectations for earnings-per-share growth for the year, saying that a slowing economy is now likely to be a bigger […]

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Commodities
Economic Recession
Recession
U.S. Recession

Goldman Says Buy Commodities, ‘Worry About Recession Later’

(Bloomberg) — Goldman Sachs Group Inc. urged investors to pile into commodities as most recession risks coursing through global markets are overblown in the near term, arguing that raw materials stand to rebound amid a profound energy crisis and tight physical fundamentals. “Our economists view the risk of a recession outside Europe in the next […]

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Economic Recession
Economy
Semiconductor
Semiconductor Chip Shortage
Semiconductor Fabrication

Chipmakers Are Flashing More Warnings on the Global Economy

(Bloomberg) — Mounting concern over semiconductor demand is sending shudders through North Asia’s high-tech exporters, which historically serve as a bellwether for the international economy. South Korean behemoths Samsung Electronics Co. and SK Hynix Inc. have signaled plans to dial back investment outlays, while across the East China Sea, the world’s biggest contract chipmaker Taiwan […]

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Bond Market
Economic Recession
Economy

The Worst Is Yet to Come for US Credit Markets, Investors Say in Survey

(Bloomberg) — The ugliest year ever for US corporate-bond investors is expected to get uglier — and they only have the Federal Reserve to blame. With the central bank raising interest rates at the fastest pace in decades, nearly three quarters of those who responded to the MLIV Pulse survey said that tighter monetary policy […]

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Bonds
Economic Recession
Recession
U.S. Recession

JPMorgan’s Michele Says Bonds Have Recession Priced In

(Bloomberg) — Bob Michele, a bond market veteran for more than four decades, predicts a 75% chance of a US recession over the next 18 months, but thinks it’s priced in. “Clients are returning to the bond market, especially corporate bonds,” Michele, JPMorgan Asset Management’s chief investment officer, said on Bloomberg Television’s “Wall Street Week” […]

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Economic Recession
Global Inflation
Inflation
Inflation Stocks
Recession
U.S. Recession

Recession Now Looks Like the Price to Pay for Beating Inflation

(Bloomberg) — After underestimating the worst inflation outbreak in decades, central banks are now driving their economies headlong toward recession in order to tame prices. The stark outlook is stoking fears that policy makers will end up overreaching as they push ahead with aggressive interest-rate hikes, just as some now concede they overstimulated through the […]

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Debt Default
Economic Recession
Stock Buyback

JPMorgan Halts Share Buybacks as Earnings Miss Estimates

(Bloomberg) — JPMorgan Chase & Co. temporarily suspended share buybacks and reported second-quarter results that fell short of analysts’ estimates, driving the stock lower. The buyback pause is needed to quickly meet higher capital requirements and “allow us maximum flexibility to best serve our customers, clients and community through a broad range of economic environments,” […]

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