Money Talks

Goldman Sachs warns US economic recession now more likely

Investors are cautious today amid simmering fears that rapid hikes in consumer prices will lead to a deep economic slump. Wall Street banking giant Goldman Sachs issued a warning to its clients this week that it sees a 30% chance that the US will slip into a recession. But there's optimism that Washington could find a way to provide some much needed relief. The Biden administration says it wants to bring down the price of goods from China, by slashing tariffs put in place by his predecessor Donald Trump. We spoke to Craig Erlam, who is senior market analyst at OANDA. He joined us from London. #UnitedStates #USEconomy #Recession

Coronavirus in US: Known infections reaches milestone after exponential growth

Coronavirus in US: Known infections reaches milestone after exponential growth

US GDP rises 3.5% in the third quarter | Money Talks

US GDP rises 3.5% in the third quarter | Money Talks

IMF cuts growth forecast to 3.2% this year | Money Talks

IMF cuts growth forecast to 3.2% this year | Money Talks

US Fed cuts interest rates by 25 basis points | Money Talks

US Fed cuts interest rates by 25 basis points | Money Talks

US consumers get relief as inflation moderates in July

US consumers get relief as inflation moderates in July

OPEC+ oil cartel missed daily production target in July

OPEC+ oil cartel missed daily production target in July

US consumer prices rose 8.5% in July, down from June's 9.1%

US consumer prices rose 8.5% in July, down from June's 9.1%

China inflation accelerated to two-year high of 2.7% in July

China inflation accelerated to two-year high of 2.7% in July

Meme-stock rally returns to Wall Street, lifting struggling firms

Meme-stock rally returns to Wall Street, lifting struggling firms

Crude oil, natural gas prices slump as investors fear recession

Crude oil, natural gas prices slump as investors fear recession

Market Movers: Sharing economy, e-commerce earnings

Market Movers: Sharing economy, e-commerce earnings

China gives green light to driverless taxis

China gives green light to driverless taxis

Turkish hazelnut pickers celebrate start of fruitful harvest season

Turkish hazelnut pickers celebrate start of fruitful harvest season

India's 5G spectrum auction attracts $19B in bids

India's 5G spectrum auction attracts $19B in bids

OPEC+ hikes output by 100,000 barrels a day, equivalent to 0.1% of global consumption

OPEC+ hikes output by 100,000 barrels a day, equivalent to 0.1% of global consumption

Oil prices extend losses on demand worries

Oil prices extend losses on demand worries

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