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.

Supply

Finance

Stocks making the biggest moves midday: UnitedHealth, Applied Materials, Sandisk and more

August 15, 2025

Check out some of the companies making the biggest moves midday: UnitedHealth — The health insurer rallied 14% after Warren Buffett’s Berkshire Hathaway revealed a stake of five million shares, worth about $1.6 billion. The “Big Short” investor Michael Burry and Appaloosa Management’s David Tepper also disclosed sizable stakes in the company. If the UNH […]

Finance

Fed’s Goolsbee sees ‘note of unease’ as central bank looks to next interest rate move

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Key Points Chicago Fed President Austan Goolsbee said a mixed bag of inflation data coupled with lingering uncertainty over tariffs have given him some hesitation about lowering interest rates. “We’ve got to get some clarity from the numbers,” Goolsbee, an FOMC voter this year, said during a CNBC interview. Source

Finance

Who will Trump pick for Fed chair? Hear from all the candidates in their own words

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Key Points President Donald Trump’s short list to replace Jerome Powell as Federal Reserve chair has turned into a long list of nearly a dozen possible candidates. In CNBC interviews that stretch back days, weeks and even months, the candidates have talked in depth about where they think the Fed should go. Source