downturn
Feb 10 (Reuters) – Oil prices fell in early trade on Friday but were still set for a weekly gain with the market continuing to seesaw between fears of a recession hitting the United States and hopes for strong fuel demand recovery in China, the world’s top oil importer. Brent crude futures declined 35 cents, […]
Oil prices will hold steady for the rest of the year with marginal declines in 2023, analysts estimated, with the exception of one who foresees “more bullish than bearish factors” for the market going forward. Ian Tuttle | Bloomberg | Getty Images Oil prices fell in early trade on Friday but were headed for a weekly […]
The Fed has said it won’t hesitate to keep interest rates high, for as long as it takes to drive down inflation. With the US central bank preparing to show it won’t flinch in its resolve to lower prices, the process is unlikely to be smooth. If it raises rates by too much, the economy […]
“Technically we are in a recession when you look at just the basic definition of two quarters of GDP contraction,” and while consumer spending might not yet fully reflect this shift, they are starting to tighten their purse strings, Nik Modi, managing director at RBC Capital Markets told attendees last week during a webinar hosted […]
WASHINGTON, June 23 (Reuters) – The largest U.S. banks on Thursday easily cleared the Federal Reserve’s annual health check, in a vote of confidence for the sector amid signs the U.S. economy could tip into a recession in the months ahead. The results of the Fed’s annual “stress test” exercise showed the banks have enough […]
DOHA, June 21 (Reuters) – Elon Musk, CEO of Tesla (TSLA.O), said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted a U.S. recession was more likely than not. His . . .
As quickly as mortgage rates are rising, the once red-hot housing market is cooling off. Home prices are still historically high, but there is concern now that they will ease up as well. All of this has people asking: Is today’s housing market in the same predicament that it was over a decade ago, when […]
BASEL, Switzerland — War is raging in Ukraine. Stocks are down 20 percent; inflation is up more than 8 percent. The
Peter Harburg was just six years old when he got his first taste of the Brisbane to Gladstone Yacht Race. Key points: The Brisbane to Gladstone Yacht Race will set sail in Brisbane on Good Friday About a dozen events will be held in the central Queensland city across the long weekend in celebration of […]
The logo of Stellantis is seen on a company’s building in Velizy-Villacoublay near Paris, France, February 23, 2022. REUTERS/Gonzalo Fuentes Register now for FREE unlimited access to Reuters.com Register April 13 (Reuters) – Stellantis (STLA.MI)
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