'Sea of red': worst day for ASX in more than four years The Australian share market has suffered its biggest daily sell-off in more than four years, amid growing fears of a hard landing for the US economy. AAP · Aug 5, 2024
Asian Stocks Tank After US Data Fans Recession Fears Tokyo led a plunge across Asian equities Monday, while the yen hit a six-month high after weak US jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts. International Business Times · Aug 5, 2024
America may lose its economic exceptionalism because of the Fed, El-Erian warns "This is the first time that I have a growth scare," said top economist Mohamed El-Erian. Fortune · Aug 4, 2024
Despite the stock crash, the AI-fueled bubble will soon regain momentum, economist says Capital Economics said a recession is unlikely and growth will even reaccelerate after a soft patch in the second half of this year. Fortune · Aug 4, 2024
Fears of further market turmoil deepen after US economic data spooked investors Analysts await key services sector metric to gauge US vulnerability to recession as stocks in Middle East fall amid regional tension The Guardian - UK · Aug 4, 2024
Is the US headed for a recession? The unexpected rise of US unemployment rate to a nearly three-year high has shaken the market and split economists. Al Jazeera · Aug 4, 2024
Unemployment rise spurs fears of slowdown, yet recession signals have been wrong — so far A surprising rise in the unemployment rate last month has rattled financial markets and set off new worries about the threat of a recession — but it could also prove to be a false alarm The Independent UK · Aug 2, 2024
Stock Market Today: Dow Sinks 611 Points on Rising Recession Fears A weak July jobs report sent stocks tumbling on worries the Fed is behind the curve on rate cuts. Kiplinger · Aug 2, 2024
This accurate recession indicator is flashing red, but the ‘Sahm rule’ creator says ‘this time really could be different’ “I am not concerned that, at this moment, we are in a recession,” Claudia Sahm told Fortune, adding that “no one should be in panic mode today, though it appears some might be.” Fortune · Aug 2, 2024
What's the Sahm Rule? Alarming Jobs Report Raises Recession Risk. A key indicator has predicted every recession since 1970, and the alarm just sounded. Reason · Aug 2, 2024
Weak July Jobs Report Signals Steep September Rate Cut: What the Experts Are Saying A marked slowdown in hiring and rising unemployment means the Fed might have to make steep cuts to interest rates soon. Kiplinger · Aug 2, 2024
Unemployment Rate Rises To 4.3% In June Recent rise in unemployment rate raises concerns about recession, but positive economic indicators offer hope. Top News · Aug 2, 2024
Economic recession fears grow after bleak jobs report and unemployment spike The unemployment rate also saw a jump over the last month, now sitting at 4.3 percent The Independent UK · Aug 2, 2024
US Markets Fall Amid Weaker Jobs Report And Tech Earnings US markets decline on weak jobs report, impacting Big Tech companies. Investors turn to bonds for safety amidst recession concerns. Top News · Aug 2, 2024
Top News · Aug 2, 2024 US Labor Market Cools Off, Raises Recession Concerns US labor market slowdown and rising unemployment rates raise concerns about economic growth and potential recession.
The Independent UK · Aug 2, 2024 US added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll U.S. hiring decelerated sharply last month in the face of high interest rates as employers added a weak 114,000 jobs
The Guardian - UK · Aug 2, 2024 Fear of US recession rattles global markets as tech shares fall Europe’s main indices all decline and Japanese equities suffer worst day since 2020 while gold hits fresh record
Latin Times · Aug 2, 2024 Tokyo Plunges As Equity Markets Track Wall St On Recession Fears US chip titan Intel became the latest bearer of bad news, warning it would slash more than 15 percent of its workforce -- about 18,000 jobs -- as it streamlines operations.
International Business Times · Aug 2, 2024 Tokyo Tanks As Asian Markets Track Wall St Down On Recession Fears Tokyo led losses across Asia on Friday due to a stronger yen and expectations for more Japanese rate hikes, while disappointing data sparked a plunge on Wall Street and fuelled fresh fears of a US recession.
The Guardian - US · Aug 1, 2024 US investors trigger major Wall Street sell-off over recession fears Cooling job market, slowing manufacturing and tumbling stock market lead to big tech sell-offs
The Independent UK · Aug 1, 2024 Wayfair CEO says home good sales decline is reminiscent of 2008 recession High interest rates combined with inflation have contributed to a slowdown in home furnishing and good sales
The Guardian - UK · Jul 30, 2024 France’s GDP gets €1bn lift from giant cruise ship as German economy shrinks Analyst says eurozone could have turned a corner as it avoids recession with 0.3% growth
Fortune · Jul 29, 2024 Wall Street is worrying about the ‘Sahm Rule,’ which predicts recessions—but its creator is not, yet Claudia Sahm is cautioning against reading too much into her famous rule that suggests the U.S. is on the brink of a recession.
The Guardian - UK · Jul 28, 2024 Bank of England set to rain on hopes of interest rate cut after economic bounce This week’s Bank meeting is unlikely to bring borrowers any joy amid a strong recovery from 2023’s mild recession
Fortune · Jul 26, 2024 Even September may be too late for a rate cut to swing the U.S. economy out of a recession, warns former Fed president "Although it might already be too late to fend off a recession by cutting rates, dawdling now unnecessarily increases the risk."