World Bank says recession will be 'hard to avoid' for many countries

You can add the World Bank to the growing chorus sounding recession alarm bells. In its latest outlook, World Bank president David Malpass said "for many countries, recession will be hard to avoid."

News: What you need to know about the markets     World Bank says recession will be 'hard to avoid' for many countries You can add the World Bank to the growing chorus sounding recession alarm bells. In its latest outlook, World Bank president David Malpass said "for many countries, recession will be hard to avoid." Read more »   The stock market could soon see a massive change to how it functions The agency that oversees Wall Street is weighing major changes to the way millions of everyday investors buy and sell stocks. That could be bad news for so-called free-trading apps like Robinhood as well as the lesser known firms that underpin their business models. Read more »   See Taco Bell's new floating restaurant that delivers tacos from the sky Taco Bell's newest location ditches the dining room and has four drive-thru lanes instead. Read more »   CEOs are enjoying huge paydays while their workers struggle to pay bills Despite all the buzz about the "Great Resignation" and a renaissance for the working classes in America, a new report finds the gap between executive and worker pay is only widening. Read more »   Kohl's puts up a for-sale sign Kohl's may soon have a new owner. Read more »   Goldman Sachs predicts $140 oil as gas prices spike near $5 a gallon High oil and gasoline prices will need to rise even higher this summer to incentivize new production and discourage consumption, according to Goldman Sachs. Read more »

Dow Nasdaq S&P +264.36   +113.86   +39.25 33,180.14   12,175.23   4,160.68 +0.80%   +0.94%   +0.95% YTD -8.69%   YTD -22.18%   YTD -12.70%

Biggest Winners J M Smucker Co +5.72%   Valero Energy Corp +4.61%   Exxon Mobil Corp +4.58%   Conocophillips +4.54% Biggest Losers Mosaic Co -4.00%   Target Corp -2.31%   Advance Auto Parts Inc -2.04%   CF Industries Holdings Inc -2.03%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $119.82 +1.32 / +1.11% Gold $1,854.60 +10.90 / +0.59% 10-yr 2.97% -0.07 Euro $1.07 +0.00 / +0.08%

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