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The most closely watched recession indicator is telling markets that a downturn won't materialize for another 2 years, Credit Suisse chief stock strategist says

Thu, 03/09/2023 - 09:38

Tech Insider : Economy

Jonathan Golub — Credit Suisse's Jonathan Golub
Bloomberg TV

Markets, MI Exclusive, Recession, recession warning, recession 2023, US economic outlook, economy

US stocks rise as investors assess softer employment data and brace for key jobs report

Thu, 03/09/2023 - 09:36

jerome powell — Federal Reserve Board Chair Jerome Powell.
Jose Luis Magana/AP

Markets, MI Exclusive, Jerome Powell, Fed, Federal Reserve, Interest Rates, Jobs

Business icon Ken Langone blasts the Fed for letting inflation run riot - and warns a financial crisis seems inevitable

Thu, 03/09/2023 - 06:05

ken langone — Ken Langone.
REUTERS/Rick Wilking

Markets, MI Exclusive, Stocks, Ken Langone, Home Depot, Billionaires, Federal Reserve

Housing market sentiment is nearing all-time lows as Americans fret over mortgage rates and employment outlook

Wed, 03/08/2023 - 14:05

Tech Insider : Economy

oregon housing — REUTERS/Steve Dipaola

Markets, MI Exclusive, us housing market, mortgage rates, interest rate outlook, economy, Unemployment

2.6 million Americans could lose their jobs if the GOP cuts spending in a debt ceiling deal, a new report says

Tue, 03/07/2023 - 13:19

Tech Insider : Economy, Politics

Sen. Elizabeth Warren — Sen. Elizabeth Warren.
Tom Williams/CQ-Roll Call, Inc via Getty Images

economy, politics, Policy, Debt Ceiling, Elizabeth Warren, Recession, recession 2023

Elizabeth Warren asks Fed Chair Powell to 'speak directly' to the people he's 'planning to get fired over the next year' by continuing to hike interest rates

Tue, 03/07/2023 - 12:39

Tech Insider : Economy, Politics

Sen. Elizabeth Warren questions Internal Revenue Service Commissioner Charles Rettig during a Senate Finance Committee hearing June 8, 2021 on Capitol Hill in Washington, D.C. Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building on September 28, 2021 in Washington, DC. — Sen.

economy, politics, Policy, Jerome Powell, Federal Reserve, Elizabeth Warren, Recession

Salesforce CEO Marc Benioff is bracing for a brutal recession - and says he was blindsided by the market chaos last year

Tue, 03/07/2023 - 06:36

Salesforce founder Marc Benioff, wearing a sports coat jacket and in front of a blue background on a stage, extends his hands forward during a talk. — Marc Benioff.
NICHOLAS KAMM/AFP via Getty Images

Markets, MI Exclusive, Stocks, Marc Benioff, salesforce, Billionaires, Software

Nobel laureate Paul Krugman says he's confused by the current US economy - and predicts the Fed will keep fighting inflation until it's clearly won

Mon, 03/06/2023 - 10:51

paul krugman — Paul Krugman.
Jeff Zelevansky/Getty Images

Markets, MI Exclusive, Stocks, Paul Krugman, Nobel prize in economics, US Markets and Economy, Federal Reserve

Goldman CEO David Solomon warns of stubborn US inflation, calms fears of a deep recession, and talks ChatGPT and AI in a new interview. Here are the 9 best quotes.

Mon, 02/27/2023 - 10:59

David Solomon — David Solomon.
Reuters

Markets, MI Exclusive, Stocks, Goldman Sachs, US Markets and Economy, David Solomon, Banking

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

Sat, 02/25/2023 - 08:15

trader nyse pray — Getty Images / Bryan R. Smith

Markets, MI Exclusive, Recession, recession warning, 2023 recession, US economic outlook, soft landing

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