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

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

Stocks making the biggest moves after hours: Applied Materials, UnitedHealth, Intel and more
Finance

Stocks making the biggest moves after hours: Applied Materials, UnitedHealth, Intel and more

Check out the companies making headlines in after-hours trading. Applied Materials — The semiconductor equipment manufacturer tumbled 11% after the current-quarter outlook missed expectations of analysts polled by LSEG. Fiscal third-quarter earnings and revenue topped estimates. UnitedHealth — The insurer jumped nearly 8% after Warren Buffett’s Berkshire Hathaway revealed a new stake , according to […]

Read More
Stocks making the biggest moves midday: Miami International, Paramount Skydance, Advance Auto Parts and more
Finance

Stocks making the biggest moves midday: Miami International, Paramount Skydance, Advance Auto Parts and more

Check out the companies making the biggest moves midday: Miami International Holdings — The parent of Miami-based exchange operator MIAX surged more than 43% in its public market debut at the New York Stock Exchange. The company priced its initial public offering at $23 per share. It last traded above $31. Paramount Skydance — The […]

Read More
Paramount has become a ‘playpen for momentum goons’ riding UFC deal, short squeeze, says analyst
Finance

Paramount has become a ‘playpen for momentum goons’ riding UFC deal, short squeeze, says analyst

Paramount Skydance shares have quickly turned into the mecca for momentum-driven retail traders who piled into the stock on hype around UFC matches, according to Don Bilson, head of event-driven research at Gordon Haskett. The stock with the ticker PSKY started trading last Friday after Paramount Global’s merger with Skydance Media finalized. On Wednesday, six […]

Read More