Recession fears

Last Updated: July 20, 2023, 09:34 ISTLondon, United Kingdom (UK)Rishi Sunak's net favourability has fallen to its lowest level (-40) since he entered Downing Street, with two-thirds of Britons saying they have an unfavourable view of him,…

U.S. stocks were mixed and benchmark Treasury yields jumped to their highest level since March on Thursday as robust economic data helped ease recession fears, but also increased the odds that the Fed will keep its restrictive policy in…

U.S. stocks advanced in a broad rally on Tuesday, and the dollar softened as robust economic data eased recession fears and stoked investors’ risk appetite.All three major U.S. stock indexes closed well into positive territory, with…

Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.The announcement came following a meeting of the 13-member Organization of the Petroleum…

Last Updated: May 24, 2023, 23:49 ISTThe dollar index, which tracks the U.S. currency against six major peers, hit 103.91, its highest since March 20. The index last rose 0.299% at 103.83. (Image: File Photo)The impasse in Washington over…

Last Updated: May 16, 2023, 01:06 ISTWildfires raged in Alberta, Canada, shutting in large amounts of crude supply, and prices rose on fears they could worsen, said Mizuho analyst Robert Yawger. (Image: Reuters File)Brent crude futures were…

Last Updated: April 27, 2023, 01:23 ISTBrent crude settled at $77.69 a barrel, losing $3.08, or 3.8 percent. U.S. West Texas Intermediate crude settled at $74.30 a barrel, shedding $2.77, or 3.6 percent. (Image: Reuters File)Oil prices fell…

It was a bad day for the banking industry Thursday. The benchmark KBW Bank Index tumbled as much as 8.1% in its biggest one-day decline since June 2020. The biggest loser in that index was SVB Financial Group, the parent of Silicon Valley…

An unexpected growth was registered in the economy of the UK in November as people splurged during the World Cup, stated official data on Friday as analysts warned the country may still face recession because of a crisis due to the high…

As layoffs deepen in New Year, Meta (formerly Facebook) has reportedly rescinded full-time employment offers to some people, which is a first for the company as it never took back job offers in its history.According to tech writer Gergely…