Economy

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 …

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

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 …

Inflation and recession fears are squeezing some industries more than others Read More »

How did the Russia-Ukraine war trigger a global food crisis?  |  Explainer News

How did the Russia-Ukraine war trigger a global food crisis? | Explainer News

Russia’s war in Ukraine is preventing grain from leaving the “breadbasket of the world” and making food more expensive across the globe, threatening to worsen shortages, hunger, and political instability in developing countries. Together, Russia and Ukraine export nearly a third of the world’s wheat and barley, more than 70 percent of its sunflower oil …

How did the Russia-Ukraine war trigger a global food crisis? | Explainer News Read More »

The most popular air travel day this year was aa mess and things won't change anytime soon

The most popular air travel day this year was aa mess and things won’t change anytime soon

Given that this long summer weekend also coincides with Father’s Day, that means there will be a lot of travel going on. The Friday before Juneteenth clocked in as the most popular air travel day of 2022, according to statistics from the Transportation Security Administration. Airports haven’t been that crowded since Thanksgiving 2021. TSA officers …

The most popular air travel day this year was aa mess and things won’t change anytime soon Read More »

Here are three things the Fed's done wrong, and what's still not right

Here are three things the Fed’s done wrong, and what’s still not right

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, June 14, 2022. Sarah Silbiger | Reuters After years of being a beacon for financial markets, the Federal Reserve suddenly finds itself second-guessed as it tries to navigate the economy through a wicked bout of inflation and away from …

Here are three things the Fed’s done wrong, and what’s still not right Read More »

Kevin O'Leary says there's no evidence of a recession right now

Kevin O’Leary says there’s no evidence of a recession right now

The US economy is much stronger than people think, and there’s “no evidence” of an impending slowdown or recession yet, says celebrity investor Kevin O’Leary. “I’m not saying we won’t get one, but everybody that’s saying it’s coming around the corner next week is just wrong,” he told CNBC’s “Squawk Box Asia” on Thursday. “There’s …

Kevin O’Leary says there’s no evidence of a recession right now Read More »