recession

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CNN  —  Treasury Secretary Janet Yellen said Thursday in an exclusive interview with CNN that she did not see signs of a recession in the near term as the US economy rebounded from six months of contraction.

Oct 25 (Reuters) – U.S. companies from tech giants Alphabet (GOOGL.O) and Microsoft (MSFT.O) to GE

The man in black from the 1987 film, The Princess Bride, captures the same kind of hopeless dilemma many governments are facing, choosing between addressing inflation and addressing a possible coming recession. 20th Century Fox hide caption toggle caption 20th Century Fox The man in black from the 1987 film, The Princess Bride, captures the […]

RIYADH, Oct 25 (Reuters) – JPMorgan Chase & Co’s Chief Executive Jamie Dimon said on Tuesday that the geopolitics of the world today are more concerning than a possibility of a recession in the United States. Speaking at a conference in Riyadh, Dimon said the conflict between Russia and Ukraine, geopolitics between the United States […]

(Reuters)—U.S. business activity contracted for a fourth straight month in October, with manufacturers and services firms in a monthly survey of purchasing managers both reporting weaker client demand, the latest evidence of an economy softening in the face of high inflation and rising interest rates. S&P Global said on Monday its flash U.S. Composite PMI […]

NEW YORK, Oct 18 (Reuters) – The United States may tip into a recession next year, but it is possible that inflation can be tamed without causing too much economic pain, Goldman Sachs Chief Executive Officer David Solomon told Reuters. “There’s a reasonable chance of a recession in the U.S., but it’s not certain,” Solomon […]

Dollar dips as UK budget U-turn improves market sentiment U.S. Permian oil production forecast to hit record in Nov -EIA Oct 18 (Reuters) – Oil prices steadied in early Asian trade on Tuesday as a weaker U.S. dollar lent support, although rising shale production and fears . . .

As banks and international financial organizations warned of the possibility of a global recession, President Biden said he does not foresee one in the United States, but he acknowledged the prospect of a minor downturn. “I don’t think there will be a recession,” Biden

Oct 11 (Reuters) – The six biggest U.S. banks are expected to have set aside nearly $5 billion in the third quarter to cover future loan losses, Wall Street analysts said, as lenders brace for a potential global recession. Profits at big banks got a boost last year as they released funds reserved for potential […]

The United States is facing rising recession fears as the Federal Reserve, the country’s central bank, remains bullish in fighting high inflation and officials increasingly talk about the need to impose some economic pain to get price pressures under control, several economists told Al Jazeera. “There’s still a good amount of strength in the labour […]


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