A U.S. recession is coming this year, HSBC Asset Management warns — with Europe to follow in 2024
The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession…
Markets are pricing in rate cuts too soon, IMF’s Gopinath says
Major central banks will have to keep interest rates high for much longer than some investors expect, Gita Gopinath, first…
Bricks over bytes: New hard asset ETF places big bet on real estate
A new ETF is making a big bet on real estate and other hard assets. CBRE’s Investment Management launched the…
Corporate bankruptcies and defaults are surging – here’s why
The Federal Reserve plans to keep hiking interest rates to stem inflation, which means an increase in corporate default rates…
Check out this $110 million tech campus being built in Lithuania — the largest in Europe
Lithuania is building a huge tech campus — Europe’s largest — in the capital of Vilnius, as it looks to…
Americans’ buying power rose for first time since March 2021 amid falling inflation
Workers saw their buying power grow in May for the first time in two years, as inflation continues to fall…
Watch Fed Chair Jerome Powell speak live to Senate banking panel
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…
Bitcoin rallies to touch highest level since April as traders get bullish on ETF news
Bitcoin hit its highest level since April on Wednesday, as traders got excited about the prospects of a spot bitcoin…
Watch Fed Chair Powell speak live on rate hikes and more to a House panel
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…
Powell expects more Fed rate hikes ahead as inflation fight ‘has a long way to go’
Federal Reserve Chairman Jerome Powell on Wednesday affirmed that more interest rate increases are likely ahead until additional progress is…
