Tag: recession

The global IPO market remains in a slump amid the ongoing instability in the banking sector as well as growing concerns of an impending recession. Data compiled by Bloomberg indicated that companies have raised just $19.7 billion via initial public offerings to date in 2023....

Shares in Asian markets declined on Friday morning as concerns of an impending recession mounted as banking instability faces global markets. Investors are exhibiting concerns over the departure of clients following the collapse of Silicon Valley Bank and Signature Bank; the second and third-largest...

The British pound strengthened on Friday after the UK's economy was shown to have grown more than expected in January. The sterling was up 1.2% against the U.S. dollar at $1.2068; the biggest single-day jump since January 6. The euro was down 0.5% against...

American Express CEO Stephen Squeri dismissed concerns of an impending recession, stating that the credit card company has not yet seen a downturn in spending trends to suggest one such change. This assessment comes after American Express announced its fourth-quarter results. Net sales for the...

Treasures rallied as U.S. stocks fell on Thursday following rising signs of a global economic slowdown. Contracts on the S&P 500 fell by 0.4% after the index fell to its lowest level in a month on Wednesday. Nasdaq 100 futures as well as those...

U.S. stocks declined marginally on Wednesday following corporate financial updates warning of an "earnings recession". This assessment comes after analysts reflected on the government's retail sales report, indicating a slowdown in consumer spending over December 2022. In response, St. Louis Fed President James Bullard recommended...