recession

It’s Joe Biden versus Elon Musk in a war of words over the state of the US economy

Who are you going to believe: the richest man in the world or the president with plummeting polls? Billionaire Elon Musk has such a ‘super bad feeling’ about the US economy under President Biden that he plans to dismiss around 10% of workers in his electric car company Tesla, he appeared on Friday. Biden reacted …

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Investors fearing recession continue to cut fastest growing cloud stocks

Nima Ghamsari, co-founder and CEO of Blend, speaks at the Sooner Than You Think conference in New York City on October 16, 2018. Alex Flynn | Bloomberg | Getty Images Tech investors finally got some relief last week as the Nasdaq snapped a seven-week losing streak, its worst streak since the dot-com meltdown in 2001. …

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US economy could be heading for recession, economist warns: ‘100% chance’ of global slowdown

Bank of America CEO Brian Moynihan previews “Mornings with Maria” at the World Economic Forum in Davos, Switzerland. The American economy could be heading for a recession next year as persistently high inflation and an increasingly hawkish Federal Reserve weigh on growth. Greg Daco, chief economist at EY-Parthenon, warned in a new analyst note that …

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Stocks and oil slide as dire data from China fuels recession fears

Traders are seen in front of a screen with trading numbers in red at the Stock Exchange of Thailand in Bangkok, Thailand March 13, 2020. REUTERS/Juarawee Kittisilpa/Files Join now for FREE unlimited access to Reuters.com Register Asian scholarships: Retail sales in China fall 11.1%, production falls 2.9% Nikkei Cuts Gains, S&P 500 Futures Fall Dollar …

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