The chief executives of some of the nation's biggest companies, including Tesla and JPMorgan Chase, are warning of a looming economic downturn as inflation rages.
Home Depot co-founder Ken Langone discusses the impact of inflation on the housing market, the Fed's 75 bps rate hike, recession risk in the U.S. and Biden's climate agenda.on track for a recession? According to the chief executives at some of the nation's top companies, the answer is yes. moving to tame sky-high inflation with a series of aggressive interest rate hikes, a growing number of CEOs are sounding the alarm over a coming economic downturn.
A man wearing a mask walks past the U.S. Federal Reserve building in Washington D.C., the United States, on April 29, 2020.Hiking interest rates tends to create higher rates on consumer and business loans, which slows the economy by forcing employers to cut back on spending.are already approaching 6%, the highest since 2008, while some credit card issuers have ratcheted up their rates to 20%.
Elon Musk attends The Metropolitan Museum of Art's Costume Institute benefit gala celebrating the opening of the"In America: An Anthology of Fashion" exhibition on May 2 in New York. JP Morgan CEO Jamie Dimon looks on during the inauguration the new French headquarters of JP Morgan bank, June 29, 2021 in Paris.
Charles Scharf, chief executive officer of Wells Fargo & Co., speaks at a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, Oct. 18, 2021.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Most CEOs see a recession coming: SurveyA majority of executives at companies across the world now say a recession is likely or that their area is already in a recession, according to a new survey.
Lire la suite »
The top 20 best airports in the world according to passengersAviation rating firm SkyTrax has announced its annual World Airports Awards for 2022 on Thursday, and Asia and Europe dominated the list. The organization uses global customer satisfaction surveys taken from 2021 to 2022 to determine the top airports.
Lire la suite »
How A Little-Known California School Earned Top Marks On Forbes’ 2022 College Financial GradesAs the financial health of most universities goes from bad to worse, a little-known nonprofit college in California is gushing returns and expanding nationwide by cribbing from the for-profit playbook.
Lire la suite »
Top three Aussie miners to shed $11 bln in market value as commodity rout acceleratesAustralia's big three miners were on track to lose more than A$16 billion ($11.12 billion) in combined market value on Monday at current levels, as a commodities selloff over easing China demand and fears of a global recession deepened.
Lire la suite »
How ‘Stranger Things’ Helped Kate Bush Finally Reach the Top 5 of the U.S. ChartsKate Bush’s surprising chart climb is the latest example of an old song from pop music’s library getting a new lease on life in the streaming era.
Lire la suite »
Jasmine Hartin: I don’t recall ‘touching’ trigger that killed Belize top copThe socialite charged with killing a top cop in Belize said in a new interview that the gun she was holding “just went off.”
Lire la suite »