Page 4 - Us Recession
US dollar edges up as darkening growth, recession outlook hurts sentiment
The greenback rose 0.16% overnight against the Japanese yen, but erased some of those gains in early Asia trade and fell 0.04% to 136.97 yen
 "US dollar edges up as darkening growth, recession outlook hurts sentiment")
Keep cash on hand, don't buy TV, fridge this holiday season: Jeff Bezos
He said consumers should postpone buying big basket items and businesses should also go slow on acquisitions until the situation improves
 "Keep cash on hand, don't buy TV, fridge this holiday season: Jeff Bezos")
US not near recession, needs more time to cool prices: US president Biden
'We're not anywhere near a recession right now, in terms of the growth,' said Biden at the White House on Wednesday
 "US not near recession, needs more time to cool prices: US president Biden")
Would a championship win for Phillies be a good thing for US economy?
Would a championship win for the Philadelphia Phillies be a good thing for the nation's economy?
 "Would a championship win for Phillies be a good thing for US economy?")
'Soft landing' is unlikely for US economy, says JP Morgan's Jamie Dimon
Jamie Dimon said the Federal Reserve probably can't cool the red-hot economy without bringing on a recession.
 "'Soft landing' is unlikely for US economy, says JP Morgan's Jamie Dimon")
Joe Biden's 'slight' recession would mean economic pain for millions
Economic contractions -- even modest ones -- traditionally lead to markedly higher unemployment as companies slash their payrolls by millions of workers in response to lower demand
 "Joe Biden's 'slight' recession would mean economic pain for millions")
JPMorgan CEO Jamie Dimon expects US recession in six to nine months
While the US economy is doing well at the moment, a number of indicators and global issues are ringing alarm bells: Dimon
 "JPMorgan CEO Jamie Dimon expects US recession in six to nine months")
September's credit wipeout foretells even more pain in for US investors
The pain is just beginning for investors in US credit markets after Federal Reserve tightening and recession angst sent investment-grade bonds, high-yield debt and leveraged loans spiraling in Sept
 "September's credit wipeout foretells even more pain in for US investors")
Are IT stocks a good contrarian bet from a one-year perspective?
Despite the ongoing selloff and the global macroeconomic stress, analysts say that the IT sector still remains a preferred bet from a long-term perspective
 "Are IT stocks a good contrarian bet from a one-year perspective?")
US markets could head lower as earnings downgrades pick up pace: Chris Wood
Corporate earnings in the US, meanwhile, are likely to be under pressure amid recession fears. Analysts have already started cautioning investors as regards a drop in earnings
 "US markets could head lower as earnings downgrades pick up pace: Chris Wood")
US economy, geopolitics: Factors that could roil markets next quarter
With the rupee weakening against the US dollar, a more hawkish pivot by RBI is expected
 "US economy, geopolitics: Factors that could roil markets next quarter")
Global stock markets can retest June 2022 lows, cautions Chris Wood
Most global markets have staged a smart recovery since their June 2022 lows. The S&P BSE Sensex has outperformed its peers with a rise of around 13 per cent since then
 "Global stock markets can retest June 2022 lows, cautions Chris Wood")
Fitch cuts India FY23 GDP growth forecast to 7%; world GDP growth at 2.4%
At a more macro level, Fitch now expects world GDP to grow by 2.4 per cent in 2022 - revised down by 0.5 percentage points (ppt) since the June assessment
 "Fitch cuts India FY23 GDP growth forecast to 7%; world GDP growth at 2.4%")
US moving towards normalcy, not recession
The inflation vs recession debate in the US is missing the larger point
Oil prices down 1.5% for the week on recession jitters, strong US dollar
Brent crude futures settled at $96.72 a barrel, gaining 13 cents. U.S. West Texas Intermediate crude ended 27 cents higher at $90.77. Both benchmarks fell about 1.5% on the week
 "Oil prices down 1.5% for the week on recession jitters, strong US dollar")
Asian market's dry spell leaves India's credit with worst streak in 13 yrs
No deals in excess of $100 million concluded in the week ending Aug 19, after just $453 million the week before
 "Asian market's dry spell leaves India's credit with worst streak in 13 yrs")
Apple lays off recruiters in a push to rein in hiring and spending
About 100 contract workers were let go in a rare move for Apple, the world's most valuable company
 "Apple lays off recruiters in a push to rein in hiring and spending")
Are well-managed large caps a better bet for retail investors?
Global central banks are hiking interest rates to bring down inflation. Should you buy on dips or sell on a rally? Find out what UR Bhat of Alphaniti Fintech says to Business Standard's Puneet Wadhwa
 "Are well-managed large caps a better bet for retail investors?")
Oil prices bounces higher as China, US data ease recession concerns
Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel by 0638 GMT. U.S. West Texas Intermediate crude was at $89.76 a barrel, up 75 cents, or 0.8%
 "Oil prices bounces higher as China, US data ease recession concerns")
As recession fears grow, hiring in American job market likely slowing
Month after month, US employers just kept adding hundreds of thousands of workers, often beating forecasters' expectations. Amid recession fear, hiring is likely to slowdown.
