Wall Street sell-off turns 'ugly' as US recession fears grow
(independent.co.uk)
A sell-off across US markets has continued as investor sentiment soured amid growing fears that the world’s largest economy is facing a recession.
A sell-off across US markets has continued as investor sentiment soured amid growing fears that the world’s largest economy is facing a recession.
$1.57T wiped off value of the Magnificent Seven so far this year
(theguardian.com)
Wall Street suffers ‘ugly’ sell-off amid US recession fears, as Musk’s Tesla falls 50% from all–time high – business live
Wall Street suffers ‘ugly’ sell-off amid US recession fears, as Musk’s Tesla falls 50% from all–time high – business live
Is the White House trying to engineer a recession?
(msn.com)
Traders are starting to price in the possibility that the U.S. economy might fall into a recession — and one Wall Street veteran says that might actually be the Trump administration’s plan.
Traders are starting to price in the possibility that the U.S. economy might fall into a recession — and one Wall Street veteran says that might actually be the Trump administration’s plan.
Economic and Market Data Signal a Recession Is Coming
(forbes.com)
A slew of economic data is signaling that a recession is around the corner.
A slew of economic data is signaling that a recession is around the corner.
Tariff War Risks Sinking World into New Great Depression
(wsj.com)
The world economy could face a crash similar to the Great Depression of the 1930s unless the U.S. rows back on its plans to impose steep tariffs on imports, a senior official at the International Chamber of Commerce warned.
The world economy could face a crash similar to the Great Depression of the 1930s unless the U.S. rows back on its plans to impose steep tariffs on imports, a senior official at the International Chamber of Commerce warned.
Germany's Industrial Slowdown (2023)
(apricitas.io)
Germany’s economy has eked out extremely low growth over the last 5 years—recent revisions to GDP data mean its output is once again barely above pre-pandemic levels, but that still means the country has seen less than 0.5% cumulative GDP growth since late-2018.
Germany’s economy has eked out extremely low growth over the last 5 years—recent revisions to GDP data mean its output is once again barely above pre-pandemic levels, but that still means the country has seen less than 0.5% cumulative GDP growth since late-2018.
Germany's Mittelstand Is Collapsing
(unherd.com)
Sometimes it is hard to know who to believe during a crisis. Optimists in Germany might take solace in a recent Bloomberg report announcing that “the country’s economic downturn may be ending”. Unfortunately, the word “may” is carrying a lot of weight here.
Sometimes it is hard to know who to believe during a crisis. Optimists in Germany might take solace in a recent Bloomberg report announcing that “the country’s economic downturn may be ending”. Unfortunately, the word “may” is carrying a lot of weight here.
AI Exuberance Masks Broad Weakness in Tech Sector, Say Investors
(ft.com)
Enthusiasm about artificial intelligence masks weakness across most of the technology sector, with many companies “still in a recession” following a slowdown that started in 2022, according to investors and analysis of recent financial reports.
Enthusiasm about artificial intelligence masks weakness across most of the technology sector, with many companies “still in a recession” following a slowdown that started in 2022, according to investors and analysis of recent financial reports.
Swiss watchmakers put employees on state-funded leave as luxury demand disappear
(fortune.com)
Swiss luxury watchmakers are turning to the government for financial aid to help them weather a downturn in demand.
Swiss luxury watchmakers are turning to the government for financial aid to help them weather a downturn in demand.