Fund managers most underweight on US stocks since 2005: Bank of America survey
Investors' allocation to U.S. stocks tumbled in January to the lowest level since 2005, according to a new Bank of America survey published on Tuesday.
Global recession likely, say 63% of chief economists in WEF survey
Many chief economists had somber predictions about whether the global economy would fall into a recession in 2023, according to a World Economic Forum survey.
Experts debate benefits of quiet hiring: 'Temporary solution,' 'nothing new about it'
A new trend known as "quiet hiring" has divided business leaders and HR pros, with some arguing that it will help workers negotiate for higher pay and benefits.
Crypto.com cuts 20% of staff, citing economic hurdles and FTX collapse
Crypto.com cuts hundreds of workers in the wake of rival FTX's collapse. A lack of faith in future cryptocurrency markets has sent valuations tumbling.
BlackRock CEO Larry Fink weighs in on recession probability, US debt default
BlackRock CEO Larry Fink weighed in on the probability of a recession and the risk of the U.S. government defaulting on its debt on "The Claman Countdown."
Bank of America CEO sees 'mild recession' in 2023 and is preparing for worse
The U.S. economy is likely headed for a recession in 2023, according to Bank of America CEO Brian Moynihan, who is preparing for a mild downturn this year.
Group of athletes, including Bengals' Joe Burrow, Bucks' Khris Middleton, invest in Iowa farm
A group of around two dozen athletes, including Cincinnati Bengals quarterback Joe Burrow and Milwaukee Bucks small forward Khris Middleton, have acquired a northern Iowa farm.
December inflation report likely to show prices eased further but remain high
The CPI likely remained painfully high in December as inflation remains near a 40-year high, continuing to inflict financial pain on millions of Americans.
Davos 2023: Bigwigs return to Swiss mountains amid economic crunch
The World Economic Forum is set to hold its annual meeting next week in the Swiss Alps resort town of Davos, where business and political elites will gather.
BlackRock’s CIO Rieder says Fed overtightening ‘dangerous’ to many business sectors
BlackRock’s Chief Investment Officer of Global Fixed Income Rick Rieder sat down with FOX Business on Monday to discuss the likelihood of interest rate hikes from the U.S. Federal Reserve in 2023
US banks get ready for shrinking profits and recession
Rising prices and higher borrowing costs have led consumers and businesses to curb spending, and since banks serve as economic middlemen, their profits decline when activity slows.
Jerome Powell warns Fed's inflation fight could spark political opposition
Fed Chairman Jerome Powell on Tuesday said that raising interest rates to slow the economy and cool high inflation can prove to be politically unpopular.
The debate swirling inside HR departments: how to lay off workers
In the age of remote work and with the return of labor unions and vocal workers, executives juggle how to best layoff workers amidst the predicted recession,
Wealthy American wallets to take momentous hit from US recession
Forbes Media CEO Steve Forbes warns of the likely possibility of a "richcession" creating "rough economic times" and "turbulence" ahead for wealthy Americans.
Americans see inflation cooling further over the next year, NY Fed survey shows
U.S. households are becoming more optimistic about inflation, with consumers seeing prices falling to 5% one year from now, the lowest level since July 2021.
Dow makes big move on Friday as tech stocks lift Nasdaq
Stocks rallied on Friday as the Dow Jones Industrial Average jumped over 700 points during trading as sluggish technology stocks boosted the Nasdaq Composite and U.S. Tech 100.
Bed Bath & Beyond bankruptcy could happen ‘this month’
Bed Bath & Beyond is expected to file bankruptcy in early 2023 amid slumping sales and weakening demand
US job growth cools slightly in December as economy adds 223,000 new positions
The Labor Department's December jobs report provided a key snapshot of the labor market's health amid growing fears the U.S. is headed for a recession.
Most businesses expect 2023 recession: JPMorgan survey
A majority of small and midsize businesses in the U.S. told JP Morgan Chase in a recent survey they expect a recession this year as inflation continues to rage.
Fed officials expect to keep interest rates elevated for 'some time,' minutes show
Minutes from the Federal Reserve's December meeting show that policymakers expect to continue raising rates in 2023 – and keep them elevated for "some time."