Renowned economist Nouriel Roubini has warned that "the mother of all economic crises" is now looming. Roubini says he fears policymakers will likely not be able to handle the scale of the impending economic crisis in the global economy. Roubini raised the alarm in a December 2 article for Project…

Amazon founder Jeff Bezos has issued a grim warning about where the economy is heading. Despite denials from the Biden administration, the United States economy has met the rule-of-thumb definition of a recession - two consecutive quarters of negative growth. The economy contracted at a 1.6% annualized rate in the first…

JPMorgan Chase CEO Jamie Dimon has dealt a blow to Democrat President Joe Biden by predicting that America will be gripped in a recession during the 2024 election. Should Biden run in a head-to-head rematch against President Donald Trump, the embattled incumbent would be doomed. Dimon said: “You can’t talk…

Renowned economist Mohamed El-Erian has doomed Democrat President Joe Biden, warning that America is heading for a recession that was "totally avoidable." El-Erian, the chief economic adviser for multinational financial services company Allianz, hammered Biden's handling of inflation during an appearance on CBS’s “Face the Nation.” “I fear that we…

Fears of a recession in the United States are fiercely mounting as one of the key economic indicators has recorded a drop for the sixth month straight. America’s recessionary signals intensified in August as a key economic gauge from the Conference Board dropped again. The Federal Reserve's aggressive rate hikes…

FedEx has sounded the alarm on a global recession and revealed that it will be closing multiple stores amid “significantly worsened” economic trends. The company's CEO Raj Subramaniam made the comment during an interview with CNBC’s Jim Cramer on Thursday. He was asked by Cramer if he believed the economy…

With the United States currently being gripped by a recession, many are wondering how they can still invest their money amid the economic downturn. The American economy fell into a technical recession following back-to-back quarters of negative GDP growth in the first half of 2022. The negative growth has come…