recession

Will we go into a recession? FedEx CEO Raj Subramaniam warns slowdown of business is sign of global recession

FedEx warned that a global recession could be coming, as demand for packages around the world tumbles.Shares of FedEx plunged 21% Friday – the biggest one-day drop in its history – after the company warned late Thursday that a slowing economy will cause it to fall $500 million short of its revenue target.The weakening global …

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Here’s why Hispanic workers could face an outsized hit in a U.S. recession

Huntstock | Disabilityimages | Getty ImagesTurbulent times may be ahead for Hispanic workers, a new report from Wells Fargo found.The firm expects Hispanic workers to take an outsized hit if a mild recession happens in 2023, like it is projecting.”The Hispanic unemployment rate tends to rise disproportionately higher than the national average during economic downturns,” …

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Europe heading for recession as cost of living crisis deepens

Register now for FREE unlimited access to Reuters.comRegisterLONDON, Sept 5 (Reuters) – The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending.While there was some easing of price pressures, according to the surveys, they …

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U.S. needs miracle to avoid recession, economist Stephen Roach warns

Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024.Stephen Roach, who served as chair of Morgan Stanley Asia, warns the U.S. needs a “miracle” to avoid a recession.”We’ll definitely have a recession as the lagged impacts of this major monetary tightening start …

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Sen. Warren ‘very worried’ the Federal Reserve ‘is going to tip this economy into recession’

Federal Reserve Chairman Jerome Powell delivers remarks to investors and economists at the Fed’s annual symposium. Sen. Elizabeth Warren, D-Mass., said Sunday she’s “very worried” that measures taken by the Federal Reserve to tame inflation are going to put “millions” of Americans out of work. During an appearance on CNN’s “State of the Union,” Warren …

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