GDP

Bank of America CEO Brian Moynihan says the US will enter a recession in the 3rd quarter of this year

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Brian Moynihan

REUTERS/Arnd Wiegmann

Artificial intelligence is on the brink of an 'iPhone moment' and can boost the world economy by $15.7 trillion in 7 years, Bank of America says

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AI is on the brink of an "iPhone moment," according to Bank of America.

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Soft, hard, or no landing at all: Here's what 5 Wall Street experts are saying about the fate of the US economy in 2023

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Getty Images / Bryan R. Smith

Russia says its economy did better than expected, one year into the Ukraine war. But experts say there's a red flag behind the announcement.

Tech Insider : Economy
Vladimir Putin smiles.
According to Russia's federal statistics service, the country's GDP contracted by 2.1% in 2022, better than previous estimates.

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The US maintaining strong growth is a fairy tale and the economy doesn't have a 'get out of jail free card' that can help stave off a slowdown, economist David Rosenberg says

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david rosenberg
Economist David Rosenberg.

Screenshot via Bloomberg TV

I've been a Wall Street economist for 15 years. The deluge of crappy analysis being spouted by so-called 'experts' has never been worse.

Tech Insider : Economy
The Wall Street Bull stands to the left of the image, casting a long shadow in the shape of a roaring bear.
A new ecosystem of alarmist analysts is using low-quality data to push a narrative of stock market doom and recession gloom.

iStock; Robyn Phelps/Insider

If an 'expert' is warning you that the market is about to crash, check their math

The US economy is doing better than markets are pricing in so it could well avoid a recession, top strategists say

Tech Insider : Economy
US recession

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The sizzling rally in stocks is nearing its end as investors are about to realize a recession has merely been postponed, JPMorgan says

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The US stocks rally is driven by optimism that things are 'not as bad as feared,' but this may not last, Wells Fargo strategist warns

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A big screen display of stock prices hangs behind traders working at the New York Stock Exchange NYSE.
A big screen display of stock prices hangs behind traders working at the New York Stock Exchange NYSE on May 9, 2022.

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US stocks jump as investors cheer upbeat GDP data and strong Tesla earnings

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Reuters / Brendan McDermid

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