Tech Giant Recruits Key Figure From Great Recession Era To Oversee AI
Ben Bernanke Joins Anthropic’s Long-Term Benefit Trust Anthropic, a leader in artificial intelligence, announced on Thursday the appointment of former Federal Reserve Chairman Ben Bernanke to its long-term benefit trust. Bernanke, who was appointed by President George W. Bush, was chairman of the Federal Reserve from 2006 to 2014, notably during the 2008 financial crisis. […]
Bank of America’s CEO Moynihan downplays concerns about a recession due to interest rate increases.
Bank of America CEO Discusses U.S. Economy and Federal Reserve Actions Bank of America CEO Brian Moynihan recently appeared on “Morning with Maria,” where he addressed the America 250 initiative and shared his thoughts on the U.S. economic outlook. He expressed concerns about a potential negative impact from the stablecoin bill on small business lending. […]
Mark Zandi estimates a 40% chance of a U.S. recession and cautions that the economy is ‘on edge’
Economic Outlook: A Cautious Perspective Rochefort co-CEO Kyle Bass recently discussed the state of the global economy, especially as President Trump hinted at potential shifts in U.S.-Iran relations during an appearance on “Morning with Maria.” Even with optimistic headlines from Wall Street, an influential economic forecaster has raised alarms about the U.S. economy, describing it […]
Ways to Secure Your Retirement Income Against a Recession Before Summer 2026
It’s quite clear to me that the US economy is heading towards a recession, and, simultaneously, the stock market could enter a bear phase. The tricky part is placing a timeline on when this might occur. As investors, we should brace ourselves for these typical downturns. If you’re anxious about a recession or a bear […]
Whirlpool’s stock falls 20% as the appliance leader indicates that consumer confidence is at ‘recession level lows’ due to the Iran war.
Whirlpool’s stock dropped over 20% after the company reported a significant decline in consumer confidence, attributing it to recession-like conditions, which have led to decreased demand for large appliances amid the ongoing war in Iran. In the first quarter, Whirlpool, which produces brands like Maytag, KitchenAid, and Amana, experienced a 9.6% drop in sales. This […]
Economist Gary Shilling suggests a US recession is likely to happen in 2026
Economic Predictions for 2026 Billionaire investor Leon Cooperman recently discussed the implications of artificial intelligence on market dynamics in the context of geopolitical concerns and uncertainty during a segment on “Craman Countdown.” Gary Schilling, a well-known market forecaster infamous for his bearish predictions—he was let go from Merrill Lynch for forecasting the 1969-1970 recession—has raised […]
AI investment is supporting the US economy, while the conflict in Iran has avoided a recession.
The U.S. Economy: A Mixed Bag Some experts argue that America’s economy is teetering on the brink, with AI spending being the only thing holding it together. They claim that without this investment, growth could plummet, especially if the country enters a conflict with Iran, leading to skyrocketing gas prices and significant financial hardship for […]
Iran Conflict Makes Consumers More Concerned About the Economy Than During the Great Recession, Biden Administration
Consumer Confidence Plummets Amid Iran War On Friday, consumer confidence hit a historic low as the economic repercussions of the Iran war continued to unfold. The University of Michigan’s Consumer Confidence Index dropped to 47.6, marking a significant 10.7% decrease from the previous month. This decline primarily stemmed from worries about the ongoing conflict, with […]
I Asked ChatGPT Which Investments Will Struggle in the Next Recession: Here’s What It Said
Investments at Risk in Potential Recession Recently, there’s been a pervasive sense that a recession is imminent. Rising prices, an unstable job market, and unpredictable political events make it tough to pinpoint which investments might endure any economic turbulence. In a recent exploration, GOBankingRates consulted ChatGPT about investments that may not withstand an upcoming recession. […]
Gold experiences its worst month since the 2008 recession — how the Iran war is affecting metals
Gold Faces Significant Decline Amid Geopolitical Tensions Gold has experienced its largest monthly drop since 2008, primarily driven by a historic energy supply crisis linked to the Iran conflict, which has unsettled investors who were anticipating interest rate reductions. Forecasts indicate that spot prices could decrease by 14.6% in March—the steepest monthly drop since October […]