By David Randall NEW YORK (Reuters) - Slowing global economic growth will soon make deflation - rather than inflation - the greatest driver in financial markets, star stock picker Cathie Wood of Ark Invest said in a webinar Tuesday. Wood,…
By Lewis Krauskopf NEW YORK (Reuters) - The bear market in U.S. stocks could be a prelude to even tougher times to come: a market swoon has often come hand-in-hand with recession. Worries that a hawkish Federal Reserve will hurt…
By Elizabeth Dilts Marshall NEW YORK (Reuters) -There is a 50% chance the U.S. economy will enter a recession though any downturn is unlikely to be severe, Morgan Stanley CEO James Gorman said on Monday, warning of a "bumpy" ride…
By David Randall and Davide Barbuscia NEW YORK (Reuters) -Blistering inflation is threatening to reignite twin declines in U.S. stocks and bonds, leaving investors with few places to hide from a Federal Reserve that appears headed for its most aggressive…
(Reuters) -U.S. household wealth declined for the first time in two years in the first quarter of 2022 as a drop in the stock market overwhelmed continued gains in home values, a Federal Reserve report on Thursday showed. Household net…
By Dawn Chmielewski and Supantha Mukherjee (Reuters) -Spotify Technology SA on Wednesday said it expects to reach $100 billion revenue annually in the next 10 years and promised high-margin returns from its costly expansion into podcasts and audiobooks. The audio…
By Jennifer Rigby LONDON (Reuters) - Growing food shortages may represent the same health threat to the world as the COVID-19 pandemic, a leading global health figure has warned. Rising food and energy prices, in part sparked by the war…
(Reuters) - Shares of buy now, pay later (BNPL) companies stumbled on Tuesday as the entry of Apple Inc threatened to ratchet up competition in a sector reeling from geopolitical tensions, regulatory scrutiny and rising interest rates. The service, called…
By Ben Klayman and Joseph White (Reuters) - Tesla CEO Elon Musk's "super bad feeling" about the economy could be the auto industry's "canary in the coal mine" moment, signaling a recession for an industry whose bosses have shown no…
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer confidence eased modestly in May as persistently high inflation and rising interest rates force Americans to become more cautious about buying big ticket items, including motor vehicles and houses, which could curtail…