Wall Street’s main indexes nosedived on Monday, as fears of the United States tipping into recession following weak economic data last week rippled through global markets. The blue-chip Dow Jones Industrial Index plunged more than 1,100 points after the opening … Read More
The US economy managed to shake off Wall Street’s gloomy forecasts and dodge a long-predicted slump last year — but the same can’t be said for two other members of the G7. Japan and the UK are both officially in … Read More
Rising yields on shorter-term Treasurys may signal correction in equity markets or recession Hawkish comments by Federal Reserve Chairman Jerome Powell about efforts to tame inflation have deepened the inversion of the bond yield curve for U.S. Treasury securities, which many … Read More
The European Central Bank (ECB) on Thursday announced a record rate hike in a bid to stifle record inflation across the euro area. The ECB’s three key interest rates were each raised by 75 basis points. “This major step frontloads … Read More
(RTTNews) – Germany’s consumer price inflation accelerated more-than-expected in August, after easing in the previous two months, to its highest level in almost half a century as the European Central Bank policymakers prepare to deliver at least a 50 basis … Read More
Reuters/Jason Cairnduff Three of Europe’s largest economies — Germany, Italy, and the UK — are either in recession or are on the verge of it, which could spell danger for the eurozone. Germany, Europe’s industrial backbone, is stuttering. The unemployment … Read More
President Trump offered an optimistic outlook of the economy Sunday and dismissed concerns of a looming recession after losses in financial markets last week and his ongoing trade war with China that some say will determine if he wins in 2020. “I don’t think we’re having a recession,” Trump told reporters as … Read More
Greetings from Tyler, The Hong Kong airport is back open after being shut down completely this week, with over a thousand flights canceled. Riot police showed up in force, and Chinese officials are issuing one stern warning after another as … Read More
A RECESSION in Germany “now seems likely” as the economic powerhouse of Europe continues to be hit with a raft of disappointing financial data. Germany news: An economist has warned a recession in Germany ‘now seems likely’ (Image: GETTY) The gloomy … Read More