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

Market Movers: US inflation data hurt market optimism

Market Movers: US inflation data hurt market optimism

EU proposes $140B windfall tax on energy companies

EU proposes $140B windfall tax on energy companies

China industrial production, retail sales beat expectations

China industrial production, retail sales beat expectations

Oil edges higher on potential US rail stoppage

Oil edges higher on potential US rail stoppage

US stocks fall after hotter than expected inflation report

US stocks fall after hotter than expected inflation report

Dollar slips and US stocks make gains ahead of inflation report

Dollar slips and US stocks make gains ahead of inflation report

Oil prices drop amid China COVID curbs, possible rate hikes

Oil prices drop amid China COVID curbs, possible rate hikes

New British PM Liz Truss faces worsening cost-of-living crisis

New British PM Liz Truss faces worsening cost-of-living crisis

Aviation giants gear up to launch their own flying car models

Aviation giants gear up to launch their own flying car models

Vessels start sailing as fishing season begins in Türkiye

Vessels start sailing as fishing season begins in Türkiye

EU sets out plan to rein in energy prices, boost supplies

EU sets out plan to rein in energy prices, boost supplies

Federal Reserve hints at more rate hikes amid elevated inflation

Federal Reserve hints at more rate hikes amid elevated inflation

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