Recession is spreading, warns Peter Boockvar

There may be no escape from recession. The latest reports on housing and manufacturing, according to investor Peter Boockvar, suggest it’s rapidly spreading to other parts of the economy. “People are not being sensitive enough to this economic slowdown and what it’s going to mean for corporate earnings and profit margins,” the Bleakley Advisory Group … Read more

Interviewing for your next job? Avoid this common mistake

The job market is still red hot despite fears of a recession, and job seekers continue to display confidence in their ability to take up better jobs. “I quite often get this question from my students … how do they choose from the many offers that they get?” said Olivier Sibony, a professor of strategy … Read more

Demand for commodities shows we’re not in recession, Goldman’s top oil analyst says

The debate is on over whether the US is in a recession, but Goldman Sachs’ top energy analyst says one key indicator is not flashing warning signs: commodity markets. Jeff Currie, the firm’s global head of commodities research, said that demand for commodities remains strong, suggesting the US is not in a recession. “If you … Read more

Here’s what advisors are telling their clients as recession fears grow

JGI/Jamie Grill | Tetra images | Getty Images As the US economy shrinks for a second straight quarter — one definition of a recession — many Americans aren’t prepared for an economic downturn. However, financial advisors say there’s plenty that is in your control. Fewer than half of Americans feel “financially secure enough” for another … Read more

The economy may look like it’s in recession, but we still don’t know for sure

In an aerial view, shipping containers sit idle at the Port of Oakland on July 21, 2022 in Oakland, California. Truckers protesting California labor law Assembly Bill 5 (AB5) have shut down operations at the Port of Oakland after blocking entrances to container terminals at the port for the past four days. An estimated 70,000 … Read more

GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal

The US economy contracted for the second straight quarter from April to June, hitting a widely accepted rule of thumb for a recession, the Bureau of Economic Analysis reported Thursday. Pressured by surging inflation, rising interest rates and intensifying supply chain pressures, gross domestic product fell 0.9% for the period, following a 1.6% decline in … Read more

Market jump after Fed hike is ‘trap,’ Morgan Stanley warns investors

Morgan Stanley is urging investors to resist putting their money to work in stocks despite the market’s post-Fed-decision jump. Mike Wilson, the firm’s chief US equity strategist and chief investment officer, said he believes Wall Street’s excitement over the idea that interest rate hikes may slow sooner than expected is premature and problematic. “The market … Read more

Most middle-class households say income falling behind cost of living

Images By Tang Ming Tung | Stone | Getty Images The reality of inflation and the specter of a recession appear to be weighing heavily on middle-class households. Among those whose income falls in the $ 30,000-to- $ 100,000 range, 75% say their earnings are falling behind the cost of living, and 77% think the … Read more

Stock futures slip after Wednesday’s session as Wall Street awaits bank earnings

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, July 13, 2022. Brendan McDermid | Reuters Stock futures slipped Wednesday night as traders looked ahead to earnings from major US banks. Dow Jones Industrial Average futures shed 62 points, or 0.20%. The S&P 500 and Nasdaq 100 … Read more

In a recession, turn to these stocks with a history of raising dividends

Investors worried about the potential for a recession that would roil markets may want to look at stocks that pay dividends to keep income flowing. Some companies have a history of consistently raising dividends every year, even late in market cycles and through previous recessions, according to a Monday note from Wolfe Research. “Companies that … Read more