Former Commerce Secretary Warns US Headed for Recession
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Former Commerce Secretary Wilbur Ross has warned of an impending U.S. recession due to the lingering effects of pandemic-related stimulus. While Wall…
Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs
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On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices…
UBS Urges Caution Despite Positive US Economic Data
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UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales,…
Robert Kiyosaki Advises Preparing for Crash Landing — Says ‘Time to Save Yourself’
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Rich Dad Poor Dad author Robert Kiyosaki has explained why he is preparing for a crash landing. He criticized U.S. leadership, including…
Jamie Dimon Says US Recession Still on the Horizon as JPMorgan Increases Forecast
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JPMorgan Chase CEO Jamie Dimon reiterated his belief that a recession remains the most likely outcome for the U.S. economy. Dimon pointed…
Goldman Sachs CEO: Fed Unlikely to Cut Rates Before September
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Goldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job…
Coinshares Sees $528 Million Outflow From Crypto Products Due to Recession Fears
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Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its crypto products last week, driven by growing…
6 Indicators of Economic Trouble: Is a US Recession on the Horizon?
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At the end of the week, U.S. equities experienced a sharp decline, which reverberated through the cryptocurrency market, reducing its value from…
Macroeconomics Expert Predicts Hard Landing for US Economy
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Despite recent positive economic indicators, investor and macroeconomics expert George Gammon foresees a hard landing for the U.S. economy. In an interview…
Majority of Americans Believe US in Recession, Survey Shows
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New research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A…