Tuesday, April 5, 2022

Deutsche Bank is the first big bank to forecast a US recession

The Federal Reserve's fight against inflation will spark a recession in the United States that begins late next year, Deutsche Bank warned on Tuesday.
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Deutsche Bank is the first big bank to forecast a US recession
The Federal Reserve's fight against inflation will spark a recession in the United States that begins late next year, Deutsche Bank warned on Tuesday. Read more »
 
Here's why the rampant inflation doesn't feel the same to everyone
America's soaring inflation is inflicting pain on household budgets across the United States. But not everyone is affected in the same way. While economic data shows the general trend of prices, it doesn't tell the story of individual groups, said Federal Reserve Governor Lael Brainard on Tuesday. Read more »
 
Europe is finally coming after Russia's energy
European leaders have planned to phase out Russian coal imports in response to harrowing scenes in Bucha, a suburb of Kyiv. Read more »
 
McDonald's is bringing back a fan-favorite menu item
McDonald's is bringing back Spicy Chicken McNuggets, but not everyone can buy them. Read more »
 
Chinese stocks on Wall Street aren't in the clear yet
Investors are breathing a sigh of relief after regulators in Beijing extended an olive branch to the United States, indicating they could change their policies so that Chinese companies could avoid getting kicked off Wall Street. Read more »
 
Elon Musk is worth more than twice Warren Buffett and has $100 billion on Jeff Bezos
How crazy rich is Elon Musk? Read more »
 
 
 
 
Dow Nasdaq S&P
-280.70   -328.39   -57.52
34,641.18   14,204.17   4,525.12
-0.80%   -2.26%   -1.26%
YTD -4.67%   YTD -9.21%   YTD -5.06%
 
Biggest Winners
Zimmer Biomet Holdings Inc +2.60%
 
Carnival Corp +2.43%
 
J M Smucker Co +2.32%
 
Crown Castle International Corp +2.13%
Biggest Losers
Ceridian HCM Holding Inc -6.37%
 
PVH Corp -5.71%
 
Las Vegas Sands Corp -5.26%
 
Epam Systems Inc -5.22%
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Oil $101.00 -2.28 / -2.21%
Gold $1,926.60 -7.40 / -0.38%
10-yr 2.56% +0.14
Euro $1.09 -0.01 / -0.64%
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