BlackRock’s Rieder: May Jobs Report ‘Last Solid One’ for a While Corporate America is ratcheting up its warnings about the US economy. Executives from Jamie Dimon and Elon Musk to Gary Friedman, the head of furniture retailer RH, all cautioned investors this week to be wary of an economic downturn. After months of strong consumer spending and supply-chain improvements , some of the country’s most outspoken corporate leaders have started intensifying alarms about decades-high inflation and impending interest rate hikes. “We’ve got a long ways to go in raising interest rates to fight inflation,” Friedman said on RH’s earnings call Thursday. “And I think you just have to be prepared for anything right now.” Musk reportedly told employees at Tesla Inc. this week that he has a “super bad feeling” about the economy and needs to cut 10% of jobs at the electric carmaker, according to Reuters. The tone […]