Thursday, June 30, 2022

Who decides if the US is in a recession? Eight economists you've never heard of

Prominent Wall Street economists like Mark Zandi, investing luminaries like ARK Invest's Cathie Wood and executives like JP Morgan Chase CEO Jamie Dimon can make recession predictions until they're blue in the face, but their guidance will remain just that — an economic forecast.
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Who decides if the US is in a recession? Eight economists you've never heard of
Prominent Wall Street economists like Mark Zandi, investing luminaries like ARK Invest's Cathie Wood and executives like JP Morgan Chase CEO Jamie Dimon can make recession predictions until they're blue in the face, but their guidance will remain just that — an economic forecast. Read more »
 
Markets are in trouble, but history shows there is hope on the horizon
The S&P 500 is preparing to wrap up its worst first half in more than 60 years. Read more »
 
Enormous chocolate factory shuts over salmonella outbreak
A chocolate factory in Belgium has temporarily shut its doors after discovering salmonella in a production batch. Read more »
 
Stocks sink as inflation fears mount
Read more »
 
RadioShack's NSFW Twitter account, explained
Clearly, this isn't your father's RadioShack. Read more »
 
Dealmaking drop-off reveals rise in business anxiety
Dealmaking booms when markets are stable and businesses are feeling good about the economy and access to financing. When conditions deteriorate, confidence flags, and the number of companies going public or pursuing takeovers drops. That's what is happening now. Read more »
 
 
 
 
Dow Nasdaq S&P
-253.88   -149.16   -33.45
30,775.43   11,028.74   3,785.38
-0.82%   -1.33%   -0.88%
YTD -15.31%   YTD -29.51%   YTD -20.58%
 
Biggest Winners
Quanta Services Inc +4.73%
 
NORTHROP GRUMMAN CORP +3.63%
 
AES Corp +3.19%
 
Raytheon Technologies Corp +3.01%
Biggest Losers
Universal Health Services Inc -6.09%
 
General Motors Co -5.05%
 
Borgwarner Inc -5.01%
 
Constellation Brands Inc -4.34%
Hottest ETF
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NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $105.86 -3.92 / -3.57%
Gold $1,807.90 -9.60 / -0.53%
10-yr 2.97% -0.12
Euro $1.05 +0.00 / +0.38%
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