Stock market will tank in stagflation scenario, Bank of America warns

Markets haven’t hit bottom: Expert Jim Lowell of Advisers Investments discusses the economy and volatility in the market. The S&P 500 has gotten obliterated in a widespread sell-off this month, and the benchmark index is likely to drop even lower if the economy experiences a return to 1970s-style stagflation, according to Bank of America analysts. In a recent analyst note, […]

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US 'heading into a very serious recession' later this year, venture capitalist warns

Markets experiencing ‘worst downturn’ since dot-com crash: Venture capitalist Craft Ventures co-founder and general partner David Sacks warns of a recession later this year. Craft Ventures co-founder and general partner David Sacks warned on Thursday that the U.S. is headed for a "very serious" recession later this year as markets have been experiencing the "worst downturn since the dot-com crash." […]

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Cisco Systems Reports Mixed Q3 Results, Cuts FY22 Outlook; Shares Down

Cisco Systems Inc. (CSCO) Wednesday reported its results for the third quarter, with earnings beating Street estimates, while revenues falling short of expectations. Moving ahead, the company lowered its outlook for the full year, sending its shares down over 15% in extended trading session. San Jose, California-based Cisco System’s third-quarter profit rose to $3.04 billion or $0.73 per share from […]

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Inflation will cause recession, food prices to spiral 'much further': Hedge fund manager

Inflation will cause recession, food prices to spiral: Kyle Bass Hayman Capital Management founder and CIO Kyle Bass argues that the Fed will put Americans into a ‘significant recession.’ Hayman Capital Management founder and CIO Kyle Bass joined "Mornings with Maria," Wednesday, warning that inflation will cause a "significant" recession and food prices to spiral "much further." KYLE BASS: [The […]

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Coca-Cola to introduce bottles with attached lids

FOX Business Flash top headlines for May 17 Check out what’s clicking on FoxBusiness.com. Coca-Cola Great Britain announced Tuesday that the company will introduce packaging that keeps bottle caps attached to ensure that customers can easily recycle the entire package. The company said in a statement that plastic bottle lids have been recyclable for several years but are often discarded […]

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Gas prices reach new record high

Americans facing record inflation rates, gas prices ‘Kennedy’ party panel reacts to President Biden’s ‘economic blunders’ as inflation hit 8.3% in April. Average gas prices in the U.S. reached a new record high Tuesday, according to AAA's gas price calculator. The national average cost of a regular gallon of gasoline hit $4.523 early Tuesday morning. This topped Monday's record of […]

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Malaysia GDP Growth Accelerates More Than Expected

Malaysia’s economic growth improved more than expected in the first quarter underpinned by the improving domestic demand and exports, data released by the Bank Negara Malaysia showed on Friday. Gross domestic product expanded 5.0 percent on a yearly basis, faster than the 3.6 percent rise in the preceding quarter and also better than the economists’ forecast of 4.0 percent. On […]

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