Recession Concerns Ease: Can the U.S. Sustain Its Momentum?
The U.S. Conference Board Consumer Confidence Index rose to 100.3 in July 2024, up from a revised 97.8 in June. For Q2 2024, the U.S. GDP grew at an annualized rate of 2.8% in a preliminary reading, a notable increase from the 1.4% growth in Q1 2024. The Eurozone's annual Consumer Price Index (CPI) rose to 2.6% in July 2024, up from 2.5% in June. This slight increase was driven mainly by a jump in energy prices, which rose by 1.3% compared to 0.2% in the previous month. The US Core PCE which...
What is Recession and How it would Impact Our Daily Lives?
An updated report by Ned Davis reveals some sobering historical context, showing that a global recession is 98% likely. The harsh reality is that every single person will suffer from the effects of a recession, and you can already feel the inflationary pressure as interest rates and consumer prices rise globally. Here's what a recession means for your wallet and what you can do to prepare!
What is Recession and How it would Impact Our Daily Lives?
The global economy is teetering on a cliff’s edge, as market indicators are flashing warning signals that we are heading toward a recession sooner than expected. An updated report by Ned Davis reveals some sobering historical context, showing that a global recession is 98% likely. The harsh reality is that every single person will suffer from the effects of a recession, and you can already feel the inflationary pressure as interest rates and consumer prices rise globally.
Economic outlook: Rebound to feel like recession, Bank of America says - Business Insider
The US is in the middle of the second, or transitionary, phase after the initial shutdown. The last stage will be "the most uncertain," the bank said.
The stock market's recent surge makes sense if you actually look at the US economy - Business Insider
Despite the coronavirus gloom, the US economy has bottomed and some activity measures are starting to rebound
US GDP slumped 4.8% in the first quarter, ending the longest economic expansion on record - Business Insider
The sharp contraction in gross domestic product reflects the swift impact of the coronavirus pandemic on the US economy.
Stock market crash: Weak profit growth and recovery risk a new plunge - Business Insider
Stocks need profit growth to rise on a sustained basis — but the coronavirus crisis is drying up cash flows.
ECB President Lagarde warned of a 15% contraction to the eurozone - Business Insider
Eurozone leaders have already announced a stimulus package of more than 500 billion euros to protect the bloc from the economic fallout of COVID-19.
US weekly jobless claims preview: another week of millions unemployed - Business Insider
There is "probably no single metric you can look at" to better get a broad sense of how the economy is doing than unemployment, said Jason Thomas.
Wealthy art owners are raising cash from their collections amid the looming recession - Business Insider
Art isn't necessarily impacted by the risks commonly associated with the financial market, which makes it a lower call risk as an investment.
US debt, deficit to reach WWII levels amid coronavirus, watchdog says - Business Insider
The US deficit will also soar, the Committee for a Responsible Federal Budget said, with the total quadrupling in 2020 on coronavirus aid spending.
Why stock market could fall another 20% amid coronavirus: TS Lombard - Business Insider
"There is worse to come, hard though that may be to imagine," said a group of analysts from TS Lombard.
Yellen: US GDP could fall 30%, unemployment might be 13% amid virus - Business Insider
"My hope is that we get back to business as usual as quickly as possible," said former Federal Reserve Chair Janet Yellen.
Credit Suisse: US economy to shrink record 33.5% in 2nd quarter - Business Insider
The bank also expects annual GDP to decline 5.3%, a bigger slump than was seen amid the global financial crisis in 2008.
Why coronavirus recession recovery will be faster than Great Depression - Business Insider
Issuing state and local aid before possible budget deficits can help avoid "a huge drag on the economy," an Economic Policy Institute director said.
15 most in-demand jobs during the coronavirus pandemic - Business Insider
Nurses are really in demand during the outbreak, but not nearly as much as warehouse handlers, or truck drivers who can operate CDL flatbed vehicles.
Stock picks to buy: 17 cash-rich companies built for coronavirus recession - Business Insider
Where's the best place to put cash to work in the midst of a violent selloff？ Citi thinks they have the answer.
UBS: European recession from coronavirus 'inevitable' similar to 2008 - Business Insider
UBS says that a deep recession in Europe is now its base case scenario despite heavy fiscal and mone
Next recession: Jeff Gundlach, other experts warn on corporate credit - Business Insider
"That's why you should be playing defense right now," says Doubline Capital CEO and renowned "Bond King" Jeffrey Gundlach.
Next recession timing is spring 2020, cause will be rare, SocGen says - Business Insider
Societe Generale says the stock market could fall 10% or more when the recession hits, and shares three key recommendations for investors.