Is Recession Looming: Depends on Who You Ask
Is a dark cloud of recession risk looming above the U.S. economy’s head? It depends on what you look at: Equity markets aren’t predicting it, but data might indicate danger ahead.
Is a dark cloud of recession risk looming above the U.S. economy’s head? It depends on what you look at: Equity markets aren’t predicting it, but data might indicate danger ahead.
Stock market volatility has fueled growing doubts that the Fed can raise interest rates as fast as central bank policy makers had forecasted last month.
When it comes to the state of the global economy and plummeting commodity prices, Harvard University Professor says look to China for some answers.
Southwestern Energy announced a workforce-reduction plan that will lay off or reduce the roles of about 45% of its employees. Move is expected to cut annual costs by $150 million to $175 million.
U.S. stocks opened slightly higher Thursday, on track to trim losses from the prior session, after European Central Bank President Mario Draghi hinted at more monetary stimulus.
Eurozone government bond yields plummeted Thursday after European Central Bank President Mario Draghi signaled that the ECB might authorize additional monetary easing measures at its March meeting.
The European Central bank will "review and possibly reconsider" it monetary policy stance when it next meets in March because of weaker-than-expected inflation dynamics in the euro zone.
Yelp Inc. may face pressure from the expansion of food delivery services from Uber Technologies Inc., according to B. Riley analysts.
Apple Inc. suffered another blow on Thursday in regards to quarterly iPhone estimates after Credit Suisse cut its estimate on shipments for at least the second time.
United Continental Holdings reported fourth-quarter profit below analysts' expectations and said it expects unit revenue to keep sinking as sharply lower oil prices hurt sales to energy clients around the airline's Houston hub.
IAC announced a corporate restructuring of its reporting segments on Thursday and said that it will begin trading under a new ticker symbol: IAC.
General Motors reported an increase in global sales for the third year in a row.
U.S. equity futures head lower as oil rally fades, European shares held steady at multi-year lows.
Barclays has embarked on a fresh round of job cuts to its investment banking business worldwide.
U.S investment bank Citigroup cut its growth forecasts for the world economy on Thursday, and said that risks of a global recession were increasing.
China's fragile stock markets ended sharply lower on Thursday as oil prices gave up the day's rally from 13-year lows.
U.S. crude prices were lower by 0.49% at $28.22 per barrel, erasing modest early gains as analysts said a surplus of crude would keep pressuring the market.
U.S. stock futures pointed to a much weaker start for Wall Street on Thursday.
LifeLock Inc. shares fell in Wednesday's extended session after the identity theft protection company announced that founder Todd Davis resigned as chief executive and released preliminary 2015 corporate results.
The American Petroleum Institute late Wednesday reported that crude supplies climbed by 4.6 million barrels for the week ended Jan. 15, according to sources who reviewed the report.
Shares of Kinder Morgan Inc. fell Wednesday after the oil and gas infrastructure company reported a fourth-quarter loss $637 million, or 29 cents a share, versus earnings of $126 million, or 8 cents a share, in the year-ago period.
Citrix Systems Inc. said that Kirill Tatarinov will become president and chief executive officer of the virtualization software company effective Jan. 25.
U.S. stocks finished a wild day of trading lower Wednesday.
A Congressional committee has subpoenaed Martin Shkreli, the former CEO of Turing Pharmaceuticals and KaloBios , to testify at a hearing scheduled for January 26 on pricing and practices in the prescription drug market.
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