US Markets and Economy

JPMorgan scrapped its recession forecast for the first half of 2024 and now sees 55% odds of a soft landing. The bank sees a 30% chance that global expansion persists without major policy easing.  Recent positive developments challenge the notion that higher rates are squeezing the economy.  Thanks for signing up! Access your favorite topics…

Hundreds of American banks will collapse or be taken over by 2026, a top real estate executive predicted."I think there's going to be … 500 or more fewer banks in the US over the next two years," RXR CEO Scott Rechler said in a white paper seen by Fortune ahead of publication."I'm not saying they're…

Stocks may crash 30% and a recession could hit within months, Gary Shilling said. The star forecaster said stocks are super pricey and flagged several signs of economic strain. Shilling predicted the housing market would rebound in time, and dismissed de-dollarization fears. Thanks for signing up! Access your favorite topics in a personalized feed while…

Warren Buffett's company boosted its cash pile by $60 billion in 15 months to a record $168 billion. The investor may be expecting stocks to dive and a recession to hit, top economist Steve Hanke said. Buffett hit out at rank speculation and gambling on stocks, and Hanke voiced similar concerns. Thanks for signing up!…

A speculative bubble in tech stocks may be starting to form, Jeremy Siegel said. The "Wizard of Wharton" said Nvidia could rise further, but the tech rally would eventually stall. Siegel said he isn't worried about the US economy overheating, and inflation seems under control. Thanks for signing up! Access your favorite topics in a…

Microsoft, Apple, Nvidia, Amazon, Alphabet, Meta, and Tesla are collectively valued at more than $13 trillion, representing about a quarter of the entire US stock market."My natural inclination is to say this is crazy," Jim Read, the global head of economics and thematic research at Deutsche Bank, told the "Merryn Talks Money" podcast this week."As…

The Federal Reserve is worried about expensive stocks and homes, sinking office prices, shaky banks, and cash-strapped consumers.The central bank's researchers flagged that stocks were "priced for continued economic resilience," and asset valuations across multiple markets "appeared high relative to fundamentals," per the minutes from their last meeting, published on Wednesday.The S&P 500 soared to…

A recession indicator with a stellar track record has been flashing red for nearly two years now, fanning fears that the economy is falling into a slump.The Leading Economic Index fell for the 22nd consecutive month in January. It dropped by 3% between July and July, after slumping 4.1% over the preceding six months.Here's a…

We've been on a strange journey over the past four years.First there was a deadly pandemic that crashed financial markets and tanked the economy, then spiraling inflation and surging interest rates that squeezed households and roiled industries, and now stock markets at record highs and no recession in sight.Going viralThe COVID-19 pandemic struck in early…

Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app We've been on a strange journey over the past four years.First there was a deadly pandemic that crashed financial markets and tanked the economy, then spiraling inflation and surging interest rates that squeezed households and…