China’s closely watched reopening is now causing concern as the number of new COVID-19 cases grows and the country reports the first deaths in several weeks. Much of the news Read more
Tag: predicts
Dow on verge of a ‘golden cross,’ even as BlackRock predicts historic recession
Despite worries about inflation and an impending recession, there is at least one sign that some bullish market technical analysts might latch onto. An upbeat golden cross appears to be Read more
Mortgage rates expected to fall as industry group predicts recession next year
NASHVILLE — A mortgage industry group is expecting a recession to hit the U.S. economy. “We’re forecasting a recession for next year,” Mike Fratantoni, senior vice president and chief economist Read more
Mortgage rates expected to fall as industry group predicts recession next year
NASHVILLE — A mortgage industry group is expecting a recession to hit the U.S. economy. “We’re forecasting a recession for next year,” Mike Fratantoni, senior vice president and chief economist Read more
Abbott Laboratories predicts COVID-19 will be endemic this winter
Is the billion-dollar COVID-19 testing sales boom over? That’s what Abbott Laboratories ABT, -6.42% is predicting now as sales in its COVID-19 testing franchise have started to drop off and Read more
ASOS swings to loss, predicts volatile start to 2023
ASOS PLC said Wednesday that it swung to a pretax loss for fiscal 2022 on higher sales costs, and distribution and administrative expenses, and said the business environment remains volatile Read more
Fed predicts big slowdown in economy and rising unemployment as it battles inflation
The “pain” Americans are likely to endure from higher U.S. interest rates is a tepid economy in 2023 and rising layoffs and unemployment, the Federal Reserve said Wednesday. The central Read more
Fed predicts big slowdown in economy and rising unemployment as it battles inflation
The “pain” Americans are likely to endure from higher U.S. interest rates is a tepid economy in 2023 and rising layoffs and unemployment, the Federal Reserve predicts. The central bank Read more
Putin blasts U.S ‘hegemony’ and predicts end to ‘unipolar’ world
MOSCOW (AP) — Russian President Vladimir Putin accused the United States of trying to encourage extended hostilities in Ukraine as part of what he described Tuesday as Washington’s alleged efforts Read more
Shopify predicts steeper losses, but stock still rallies after earnings
A day after announcing it would conduct steep layoffs, Shopify Inc. announced a quarterly loss and issued more cautious commentary about the way inflation was impacting the business, though its Read more