Tag: US economy recession

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...

The World Bank reduced its 2023 growth forecasts on Tuesday to levels whereby numerous countries would find themselves nearing recession. Having forecast global growth at 3.0% in June 2022, the World Bank now expects 2023 global GDP growth to be around 1.7%; the slowest...

Discover Financial Services confirmed that spending on its credit cards has slowed down in recent months as inflation hits a 40-year high and signs of an impending recession continue to emerge. Chief Executive Officer Roger Hochschild stated during a television interview on Tuesday that credit...

The Federal Reserve's decision to raise interest rates by 0.75 percentage points has prompted many experts to predict that the U.S. economy will inevitably enter recession at one point. Deutsche Bank seems to be the most bullish in its forecasts and is now predicting...