A U.S. recession is coming this yr, HSBC warns — with Europe to observe in 2024

Critical Factors

In its mid-yr outlook, the British banking giant’s asset manager said economic downturn warnings are “flashing crimson” for several economies, when fiscal and monetary policies are “out of sync” with stock and bond markets.
Along with China, HSBC believes India is the “principal macro advancement story in 2023” as the overall economy has recovered strongly from the pandemic on the again of resurgent buyer shelling out and products and services.

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Finance

Stocks making the biggest moves midday: Pfizer, Nike, Conagra, Corteva, GEO Group, Tesla, Reddit and more

October 1, 2025

Check out the companies making the biggest moves midday: Drug stocks — Shares of drugmakers rallied a second day as investors bet the industry will strike more deals with the Trump administration. On Tuesday, Pfizer received a three-year exemption to tariffs in exchange for investing in domestic manufacturing and discounting drug prices for Medicaid patients. Pfizer […]

Finance

Dollar falls on U.S. government shutdown, now on pace for worst annual decline in 22 years

October 1, 2025

The dollar held on to steep gains on Friday after better-than-forecast U.S. data dampened expectations for further easing by the Federal Reserve this year. Jackal Pan | Moment | Getty Images The dollar fell Wednesday after U.S. lawmakers failed to avert a government shutdown, raising questions from traders about the potential economic impact. The dollar […]

Finance

Prediction markets see government shutdown lasting nearly two weeks

October 1, 2025

A view of the U.S. Capitol is seen at sunset on September 30, 2025, in Washington, DC. Mehmet Eser | Afp | Getty Images Traders in prediction markets are betting that the U.S. government shutdown could drag on for nearly two weeks, with odds rising that Congress will not reach a deal until at least […]