A recession could be this election’s ‘October surprise’
The recession October Surprise Will that change the outlook for the election? Bad news for Kamala Harris: The economy is doing as usual. The biggest issue for voters is And already Rising to 4.2 percent Even a drop from this year's 3.7% would not improve her chances of winning. That is certainly surprising, because investors […]
CEO of JPMorgan warns US of economic fate worse than recession: ‘The worst outcome’
The possibility of stagflation remains a possibility, as August inflation came in below expectations. The CEO of JPMorgan Chase has revealed a “dangerous outcome” for the future of the US economy that goes beyond a recession. “The worst outcome is stagflation,” Dimon said. “And I wouldn't rule stagflation out, by the way.” Jamie Dimon, 68, […]
Kamala’s Policies ‘Will Put Us into a Recession’
Rep. Mike Lawler (R-NY) told CNN's “News Central” on Thursday that Vice President Kamala Harris' policies would push the US into recession. “Let's look at where we are today. Food prices are going up, energy prices are going up, housing prices are going up. The average cost of a mortgage in my district has gone […]
Stock market today: Dow soars 555 points as strong economic data calms recession worries – Markets Insider
Stock indexes recorded big gains on Thursday, with the Dow Jones Industrial Average rising 555 points as investors digested new strong data. Newly released data showed retail sales rose 1% in July, beating analysts’ expectations of a 0.3% increase. The number of unemployment insurance claims filed last week was 227,000, down 7,000 from the previous […]
Stocks tumble as recession fears spark turmoil throughout global markets
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Poll — 59% Believe America Is in a Recession
Because of the terrible inflation and equally terrible interest rates brought about by the woefully foolish Biden-Harris economic policies, 59 percent of Americans believe the country is in a recession. And with a Democrat in the White House, CNBC Working hard 59 percent of people say it’s wrong. “The U.S. economy has remained surprisingly strong […]
Bank of America no longer seeing a recession, CEO says
Jeff Sica, founder of Circle Squared Alternative Investments, argues this week’s CPI and PPI inflation data will make or break Varney & Co.’s stock market. Bank of America CEO Brian Moynihan said over the weekend that the bank’s economists no longer believe the U.S. is heading for a recession. “Bank of America Research is no […]
Bank of America CEO says research team 'does not have any recession predicted anymore'
Bank of America CEO Brian Moynihan said the financial giant no longer sees a recession approaching for the U.S. economy, suggesting the Biden administration and the Federal Reserve have achieved a “soft landing” after inflationary problems in recent years. Moynihan told CBS’ Margaret Brennan on “Face the Nation” on Sunday that although the economy is […]
Jobless claims fall more than expected to ease recession fears
The number of Americans filing initial claims for unemployment benefits fell more than expected last week, easing fears of a labor market collapse that had sent markets plummeting. The Labor Department said on Thursday that seasonally adjusted claims for unemployment insurance fell by 17,000 to 233,000 for the week ended Aug. 3, the biggest decline […]
Wholesale Inventories Rose in June, Soothing Recession Worries
U.S. wholesale inventories rose in June, driven by a second consecutive month of strong growth in auto and truck inventories. The Commerce Department said Thursday that wholesale inventories rose 0.2%, in line with economists’ expectations and the government’s preliminary estimate. Inventories increased 0.5% in May. Year-over-year wholesale inventories increased 0.1%. The economy grew at an […]