Risk of a US recession as high as 35%, Goldman Sachs says

Europe's reliance on energy from Russia has jacked up the odds that the region could enter a recession this year as soaring inflation pushes people to cut back spending. The United States is more insulated from the spike in oil and gas prices — but it's not immune.

News: What you need to know about the markets     Risk of a US recession as high as 35%, Goldman Sachs says Europe's reliance on energy from Russia has jacked up the odds that the region could enter a recession this year as soaring inflation pushes people to cut back spending. The United States is more insulated from the spike in oil and gas prices — but it's not immune. Read more »   Dow is on track to fall for the fifth straight week Even with the pandemic, the stock market enjoyed gains in 2020 and 2021. But is the party on Wall Street over? Read more »   Here's what the 'most favored nation' status means — and why Russia still has it Trade is about to become a key element of the global response to Russia's invasion of Ukraine following the array of sanctions that have already been imposed. Read more »   Putin has a pot of gold. Republicans and Democrats want to take it away The West is already crushing Russia's economy. Now a bipartisan group of lawmakers want to limit Vladimir Putin's access to Russia's mountain of gold. Read more »   These stocks could get much cheaper A single share of Amazon and Google owner Alphabet each trades at nearly $3,000 -- a pretty high price for average investors. But that will soon change: The companies will split their shares, reducing their stock prices sharply, in the next few months. Read more »   Inflation, gas prices and the Russia-Ukraine conflict are weighing on America's consumers American consumers are getting pummeled from all sides: Supply chain constraints and high demand mean delays for products and rising costs. Now gas prices are soaring on the back of the Russia-Ukraine conflict, creating an even more bitter cocktail. Read more »

Dow Nasdaq S&P -229.88   -286.15   -55.21 32,944.19   12,843.81   4,204.31 -0.69%   -2.18%   -1.30% YTD -9.34%   YTD -17.90%   YTD -11.79%

Biggest Winners Epam Systems Inc +6.03%   LyondellBasell Industries NV +3.70%   Deere & Co +3.00%   Valero Energy Corp +2.33% Biggest Losers Generac Holdings Inc -7.11%   Las Vegas Sands Corp -5.65%   Ceridian HCM Holding Inc -4.15%   Best Buy Co Inc -4.13%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $109.22 +3.20 / +3.02% Gold $1,989.30 -11.10 / -0.55% 10-yr 2.00% -0.01 Euro $1.09 -0.01 / -0.94%

Hi, let us know what you think of this newsletter!   Tell us what you want to read more of... and less of. Email your tips and feedback to MarketsNowFeedback@turner.com

Sign up for Reliable Sources newsletter   Sign up for Before the Bell newsletter

Tips, thoughts or questions are always welcome at MarketsNowFeedback@turner.com   Want to change how you receive these emails? You can unsubscribe from this list   ® © 2022 Cable News Network Inc. A WarnerMedia Company. All Rights Reserved. You are receiving this message because you subscribed to CNN Business's "Markets Now" newsletter. Our Mailing address is: Cable News Network, Inc. 1 CNN Center Atlanta, GA 30303