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UK Continues Economic Recovery Over Second Quarter

The United Kingdom's economy is continuing its recovery from last year's recession with official government figures showing that Gross Domestic Product (GDP) rose by 0.6% for the quarter lasting from April until June. Falling in line with economists' forecasts, this rise in GDP follows...

Recession and Falling Stocks Incoming if Fed Doesn’t Cut Rates Says Wharton Professor Jeremy Siegel

Economist Jeremy Siegel, Professor of Finance at the Wharton School of the University of Pennsylvania, has issued a warning on recession and falling stocks if the Federal Reserve doesn’t cut interest rates in September. During a recent appearance on CNBC, Siegel explained that a recent...

BCA Research Analyst Predicts Deep Recession, S&P 500 to Drop By 30%

The U.S. stock market has been thriving lately, with stocks reaching record highs in May. But according to BCA Research chief global strategist Peter Berezin, things could soon change for the worse. In a recent note sent to clients, Berezin predicted that the economy of...

Bank of England Expected to Forecast Recession Risk Ahead of General Election

Market analysts are expecting the Bank of England to forecast a challenging economic period for the United Kingdom in the months leading up to the next general election. This places pressure on UK Prime Minister Rishi Sunak, who will be required to call an...

U.S. Treasury Secretary Confirms That U.S. Economy is Not Facing Downturn

U.S. Treasury Secretary Janet Yellen confirmed on Monday that she has not seen any evidence of a U.S. economic downturn. Still, she warned that economic momentum remains reliant on the government's ability to pass legislation to support the world's biggest economy. "I don't see any signs...

Stocks Rise as Strong Earnings Report Supresses Recession Concerns

U.S. and European stocks advanced on Wednesday following a wave of upbeat company earnings reports. Investor confidence consequently rose, subduing previous concerns driven by the potential return of the Federal Reserve's interest rate hikes and the economic recession that may follow. In Europe, the pan-European...