Economic Recession

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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Earnings Reports
Economic Recession
Recession
U.S. Recession

Is a Recession Coming? Investors Turn to Earnings for Clues

(Bloomberg) — A looming recession, runaway inflation, an energy crisis in Europe and a euro that’s sunk to near parity with the dollar: corporate earnings worldwide face a laundry list of challenges this season that could create another reason to dump stocks. After a tumultuous first half for global equities, with $18 trillion in value […]

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Economic Recession
Recession
Stock Market Correction
Stock Market Crash
U.S. Recession

BofA Says Recession Fears Prompt Investors to Dump Stocks Again

(Bloomberg) — Investors are hoarding cash and hiding in US Treasuries as they dump equities amid fears that the US economy is headed for a recession. Nearly $63 billion flowed into cash in the week through July 6, while global equity funds had redemptions of $4.6 billion, according to Bank of America Corp. note citing […]

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Economic Recession
Recession
U.S. Recession

Recession May Be on Our Doorstep. Why That Could Be Good News for Investors.

Illustration by Elia Barbieri Economists and pundits who expect recession but not until 2023 may soon be surprised to find it already at our doorstep. That’s a big deal. It matters whether a recession comes sooner or later, for the following reasons. First, despite large setbacks in global equity and credit markets this year, investors […]

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Economic Recession
Economic Trends
Elon Musk
Tesla
US Economy

Tesla Pauses Plants After Ending Shaky Quarter With a Production Milestone

(Bloomberg) — Tesla Inc. investors have a lot to parse after the July 4 holiday: a disappointing quarter of deliveries, a record month of production, and now several weeks of downtime at multiple plants. The electric-car maker will halt most production on its Model Y assembly line in Shanghai for the first two weeks of […]

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Economic Recession
Emerging Markets
Recession
U.S. Recession

Bruised Emerging Markets Are Battle-Ready for a US Recession

(Bloomberg) — Emerging markets are well positioned to stare down a US recession and may even be able to lure investors their way. That’s the message from money managers including JPMorgan Chase & Co. and Deutsche Bank AG even as fears of a contraction in the world’s largest economy spark a dash into Treasuries and […]

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Base Metals
Copper
Economic Recession
Metals

Copper Sinks Below $8,000 in Bleak Signal for Global Economy

(Bloomberg) — Copper prices tumbled to a 17-month low, extending last quarter’s slump, as deepening fears about a global economic slowdown drive a rout in industrial commodities. The red metal, widely considered a barometer of the world economy, fell as much as 3.7% to $7,955 a metric ton in London. Prices collapsed 20% in the […]

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Economic Collapse
Economic Recession
Stock Market
US Economy

Wall Street Faces Billion-Dollar Losses on Sinking Buyout Debt

(Bloomberg) — Investment bankers in the US and Europe are bracing for potentially billions of dollars in total losses on big-ticket leveraged buyouts as they struggle to offload risky corporate debt that’s plunging in value amid a sweeping market selloff. The biggest hit, which could amount to about $1 billion, may come from the take-private […]

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Consumer Retail
Economic Collapse
Economic Recession
Tech Industry

If You Thought the Tech Rout Was Bad, Spare a Dime for Retailers

(Bloomberg) — For all that the slump in technology stocks has headlined a treacherous year for global equity markets, there’s one sector that’s faring even worse. The MSCI World Retailing Index, which includes the likes of Target Corp., Zalando SE and Amazon.com Inc., is on track for its first negative year since 2008. The gauge […]

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Economic Recession
Economic Trends
Economy
Goldman Sachs
Oil

Goldman Says Oil Needs to Rally Further to Solve Market Deficit

(Bloomberg) — Oil prices are likely to extend gains as global crude stockpiles need to be rebuilt in the face of rebounding Chinese demand and reduced production from Russia, according to Goldman Sachs Group Inc. Brent crude will need to average $135 a barrel in the 12 months from July, up $10 from the bank’s […]

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Economic Recession
Recession
US Economy

Citi CEO Says US Will Find It Difficult to Avoid a Recession

(Bloomberg) — Citigroup Inc. Chief Executive Officer Jane Fraser said the US will have difficulty avoiding a recession, though a severe downturn is not the bank’s “base-case” scenario. “Europe definitely felt more likely to be heading into a recession than you see in the US,” Fraser, who just returned from a trip to Europe and […]

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Economic Recession
Recession
US Economy

Corporate America Is Sounding the Alarm on the Economy

(Bloomberg) — Corporate America has suddenly and drastically changed its tune on the US economy. Executives from Jamie Dimon and Elon Musk to Gary Friedman, the head of furniture retailer RH, all cautioned investors this week to be wary of an economic downturn. After months of strong consumer spending and supply-chain improvements, some of the […]

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Economic Collapse
Economic Recession
Economic Trends
US Economy

Goldman’s Waldron Warns of Unprecedented Economic Shocks, Echoing Dimon

(Bloomberg) — A top Goldman Sachs Group Inc. executive echoed Jamie Dimon’s pessimistic tone, warning of tougher times ahead amid a string of shocks rattling the global economy. “This is among — if not the most — complex, dynamic environments I’ve ever seen in my career,” Goldman President John Waldron said at an investor conference […]

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Economic Collapse
Economic Recession
Economic Trends
Stock Market
Stock Market Correction
Stock Market Crash

Jamie Dimon Says JPMorgan Is Bracing Itself for Economic ‘Hurricane’

(Bloomberg) — Jamie Dimon warned investors to prepare for an economic “hurricane” as the economy struggles against an unprecedented combination of challenges, including tightening monetary policy and Russia’s invasion of Ukraine. “That hurricane is right out there down the road coming our way,” the JPMorgan Chase & Co. chief executive officer said at a conference […]

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