Business

Elon Musk joins the growing chorus fearing a US recession.  But there are stocks for that.

Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall …

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JetBlue Lifts Offer for Spirit Airlines, Commits to Selling Assets

JetBlue Lifts Offer for Spirit Airlines, Commits to Selling Assets

JetBlue Airways Corp. JBLU 5.30% is continuing its quest to buy Spirit Airlines Inc., SAVE 2.11% increasing its offer and strengthening its commitment to divest itself of assets to get regulatory approval for the deal. JetBlue JBLU 5.30% on Monday increased its offer to $33.50 in cash per Spirit share. Previously, it had offered $31.50 …

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FTX, other crypto firms ditch sports deals as market collapses

FTX, other crypto firms ditch sports deals as market collapses

Cryptocurrency companies poured billions of dollars into sports sponsorships in 2021 — but this year’s downturn has made the flood of cash dry up, The Post has learned. As a so-called “crypto winter” takes hold and companies look to trim costs, firms that splurged heavily on sports deals last year are now looking to cut …

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US recession this year is more likely than not: Nomura analysts

US recession this year is more likely than not: Nomura analysts

The US economy is more likely than not to sink into a recession this year as the Federal Reserve tightens monetary policy in its bid to cool decades-high inflation, economists warned Monday. “Disruptions in the energy and food sectors, coupled with declining consumer sentiment, are contributing to a looming economic slowdown in the US and …

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How much for gas?  Around the world, pain is felt at the pump

How much for gas? Around the world, pain is felt at the pump

COLOGNE, Germany (AP) — At a gas station near the Cologne, Germany, airport, Bernd Mueller watches the digits quickly climb on the pump: 22 euros ($23), 23 euros, 24 euros. The numbers showing how much gasoline he’s getting rise, too. But much more slowly. Painfully slowly. “I’m getting rid of my car this October, November,” …

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Inflation and recession fears are squeezing some industries more than others

Inflation and recession fears are squeezing some industries more than others

A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. jim watson | AFP | Getty Images People still appear willing to shell out to travel, go to the movies and have a drink …

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In Ukraine, funeral for activist killed and died in war

In Ukraine, funeral for activist killed and died in war

KYIV, Ukraine (AP) — Poppies, the blood-red flowers that cover the battlefields of Europe’s two world wars, were lain in mourning Saturday on the coffin of yet another dead soldier, this one killed in yet another European war, in Ukraine. The hundreds of mourners for Roman Ratushnyi, 24, included friends who had protested with him …

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Brazil Indigenous expert was 'bigger target' in recent years

Brazil Indigenous expert was ‘bigger target’ in recent years

SAO PAULO (AP) — Before disappearing in Brazil’s Amazon rainforestBruno Pereira was laying the groundwork for a mammoth undertaking: a 350-kilometer (217-mile) trail marking the southwestern border of the Javari Valley Indigenous territory, an area the size of Portugal. The purpose of the trail is to prevent cattle farmers from encroaching on Javari territory — …

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