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

Rocket Companies shares jump 6% after CEO says mortgage loan volume is surging

February 3, 2026

In this article RKT Follow your favorite stocksCREATE FREE ACCOUNT watch now VIDEO8:4108:41 Rocket Companies CEO: On track to produce the highest mortgage loan production in 4 years Squawk Box Rocket Companies shares jumped on Tuesday after CEO Varun Krishna told CNBC the company was writing a larger amount of mortgage loans. “We’re getting ready […]

Finance

Stocks making the biggest moves premarket: Palantir Technologies, Merck, Pfizer & more

February 3, 2026

Check out the companies making headlines before the bell: Palantir — The stock jumped 11% following the AI-powered software provider’s fourth-quarter earnings beat . Palantir reported adjusted earnings of 25 cents per share, versus the 23 cents expected from analysts polled by LSEG. Revenue was $1.41 billion, topping the $1.33 billion consensus estimate. Merck — […]

Finance

China set to attend India’s upcoming AI summit signaling improving relations with New Delhi

February 3, 2026

Key Points A vice minister from China’s Ministry of Science and Technology will lead a delegation to India’s AI Impact Summit this month. That’s according to George Chen, partner and co-chair of digital practice at The Asia Group, citing conversations with his government contacts. The planned visit, with Chinese businesses expected to participate, comes as […]