Today: 5. Nov, 2024
In a shift from recent upward trends, U.S. stock markets experienced a decline on Wednesday, with the S&P 500 and the Dow Jones Industrial Average retreating from their record-setting performances. The market’s momentum appeared to lose steam, leading to a mixed close…
Despite the U.S. economy’s resilience against inflation and high interest rates, a significant portion of Americans misperceive its state. According to a recent survey by Affirm, 59% of Americans mistakenly believe the country is currently in a recession. This discrepancy between economic…
In a startling prediction that has sent ripples through the financial world, Jon Wolfenbarger, a seasoned market strategist with 30 years of experience, is sounding the alarm bells. He warns of a looming yearlong recession and the onset of a bear market,…
The year 2023 emerged as a period of financial astonishment, defying the gloomy predictions of many Wall Street experts. As the year unfolded, the stock market experienced an extraordinary surge, contradicting the prevalent expectation of a continued downturn following a dismal 2022.…
As 2024 unfolds, the stock market has encountered a turbulent start, wavering from the impressive rally of 2023. Investors face a complex tapestry of economic challenges, including concerns over inflation, geopolitical tensions, and looming recession risks. This article delves into the current…
As we bid farewell to the tumultuous yet triumphant year of 2023 in the financial markets, it’s time to reflect on a period marked by extraordinary highs and daunting lows. The year kicked off with optimism, as noted in the first week…
In a recent address at the 2023 New York Times DealBook Summit, JPMorgan Chase CEO Jamie Dimon presented a sombre outlook for the global economy. His speech highlighted concerns about escalating inflation and the looming possibility of a recession. Dimon’s insights carry…
The U.S. economy has demonstrated impressive growth in the third quarter, with the Gross Domestic Product (GDP) expected to show a 4.7% annualized gain, as per a Dow Jones consensus estimate. This remarkable performance signals the most substantial output since Q4 of…
In a world characterized by economic unpredictability, experts are urging against complacency as they foresee an eventual recession, despite the recent absence of an anticipated economic downturn. Though pinpointing the exact timing of a recession remains challenging, it is imperative to ready…
The U.S. economy displayed an unexpected growth spurt from April to June, achieving a 2.4% annual growth rate. This resilience was exhibited even amidst steadily rising interest rates due to the Federal Reserve’s ongoing 16-month efforts to curb inflation. On Thursday, the…
