The euro neared a 20-year low against the dollar as investors worried that the eurozone may be approaching an energy shock that could tip it into recession. The bloc’s common currency fell 1.2% against the U.S. dollar to trade at $1.0301—its lowest level since late December 2002, according to FactSet. Its decline—as well as the […]
Of course the U.S. could slip into a recession. But with the economy nowhere close to anyone’s idea of normal, thinking a downturn is coming on the basis of what some model or rule of thumb says could be a mistake. The same goes for putting too much credence in indicators that say the risk […]
BROOMFIELD, Colo., July 2, 2022 /PRNewswire/ — In the current economic climate, it can seem almost impossible to feed your family on a tight budget. Whether you’re raising young children or caring for aging parents, making ends meet in lean times can be nearly impossible, especially if you’re living on one income due to unemployment […]
Don’t worry too much about a recession hitting Detroit. The real concern should be normalizing supply. The U.S. new-car market is stuck in a low but lucrative gear as manufacturers struggle with production. Second-quarter sales came in at around 3.5 million, according to estimates by Edmunds and Cox Automotive, down about 20% from the same […]
Wall Street is afraid that the economy has entered an inflation feedback loop from hell, in which wages and prices push each other up until the Federal Reserve is forced to do something drastic: cause a recession . No one has seen an economy like this in 40 years. Inflation is surging, Americans are feeling […]
The Bank of Canada’s efforts to tamp down on persistent inflation are increasing the odds of pushing the economy into a recession in the next year, according to some economists. Consumers should start preparing for a contraction now, experts say, as the threat of layoffs and leaner days looms on the horizon. Armine Yalnizyan, economist […]
The Federal Reserve gave the biggest U.S. banks a clean bill of health in its annual stress test, saying they would be able to continue lending to households and businesses even in a severe recession. This year’s stress test measured the 34 biggest banks’ ability to maintain strong capital levels in a hypothetical recession marked […]
Billionaire Elon Musk said on Tuesday that a recession is “inevitable” and would likely take place sooner than later.
The “new” Apple isn’t really new. But it is new enough that the 46-year-old company’s modern incarnation has yet to see its resilience truly tested by a global recession. Investors currently aren’t baking one in. Apple’s share price has indeed taken a hard hit over the past few months, along with the rest of the […]
Oil prices slipped Wednesday, finishing up at their lowest level in weeks. West Texas Intermediate crude fell $3.33 per barrel, or 3%, to $106.19, its lowest settlement since May 12. Brent crude, the global oil benchmark, fell $2.91 per barrel, or 2.5%, to $111.74, its lowest close since May 18. Source link