Ray Dalio, founder of Bridgewater Associates LP, speaks at the Abu Dhabi Finance Week (ADFW) conference in Abu Dhabi, United Arab Emirates, on Tuesday, Dec. 10, 2024. Bloomberg | Bloomberg | Getty Images Bridgewater founder Ray Dalio said on Sunday that he is worried that the turmoil resulting from President Donald Trump’s tariff and economic…
BlackRock CEO Larry Fink told CNBC on Friday that he thinks the U.S. economy has weakened to the point of growth possibly turning negative. “I think we’re very close, if not in, a recession now,” Fink said on “Squawk on the Street.” Fears of an economic slowdown have risen sharply since President Donald Trump unveiled…
President Donald Trump wanted to avoid sending the economy into a depression through his contentious plan for tariffs, according to The Wall Street Journal. Trump privately said he was aware that his broad and steep plan for levies unveiled last week could tip the economy into a recession, but he didn’t want a depression, according…
A customer carries merchandise from a Hermes store on Feb. 14, 2025. Scott Olson | Getty Images Europe’s beloved luxury brands may be largely sheltered from the initial effects of sweeping U.S. tariffs, but the risks of a wider economic downturn spell bad news for the sector’s long-awaited recovery. Shares of European luxury stocks LVMH,…
Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024. Mike Segar | Reuters JPMorgan Chase CEO Jamie Dimon said Wednesday he sees the U.S. economy likely headed to recession as President Donald…
BlackRock CEO Larry Fink speaks at the Economic Club of New York on April 07, 2025, in New York City. Spencer Platt | Getty Images BlackRock CEO Larry Fink said Monday that many business leaders believe the United States economy is already in a significant downturn. “Most CEOs I talk to would say we are…
Reading, UK – JULY 5, 2021: British High Street Banks stopping account holders buying using or processing crypto related transactions as traditional banking industry declares war on crypto currencies Craig Hastings | Moment | Getty Images European banks have been battered in the wake of U.S. President Donald Trump’s sweeping and more-aggressive-than-anticipated tariffs. The European…
U.S. President Donald Trump announces that his administration has reached a deal with elite law firm Skadden, Arps, Slate, Meagher & Flom during a swearing-in ceremony in the Oval Office at the White House on March 28, 2025 in Washington, DC. Andrew Harnik | Getty Images With decision day looming this week for President Donald…
A Forever 21 store in New York, in March 2025. Yuki Iwamura | Bloomberg | Getty Images The shadow of a U.S. recession is growing longer and darkening the outlook for both consumers and CFOs alike, according to various surveys tracking sentiment in March. That said, Wall Street has risen over the past three days…
A person waits at a bus stop in the Brooklyn borough on March 25, 2025 in New York City. Spencer Platt | Getty Images News | Getty Images The shadow of a U.S. recession is growing longer and darkening the outlook for both consumers and CFOs alike, according to various surveys tracking sentiment in March….
