Oil and gas employees across the globe are on edge as the industry faces a growing set of existential challenges. The green energy transition is one of the primary drivers Continue Reading
Signs of an economic slowdown are emerging in different parts of the world. Kemp: demand destruction is about to become pronounced in diesel fuel demand. Goldman Sachs: it may take Continue Reading
IMF Managing Director Kristalina Georgieva Photographer: Andrew Harrer/Bloomberg The US economy is likely to slow in 2022 and 2023 but will “narrowly avoid a recession” as the Federal Reserve implements Continue Reading
The U.S. and European economies slowed sharply in June as surging prices of energy and food weakened demand for other goods and services, business surveys showed, increasing the risk of Continue Reading
The U.S. economy faces elevated risks of a recession over the next one to two years due to rising imbalances in markets for goods and services, including labor, according to Continue Reading
Jay Powell said a US recession is “certainly a possibility” and warned that avoiding a downturn now largely depends on factors outside the Federal Reserve’s control. In testimony to the Continue Reading
Shipping containers are loaded onto trucks at the Port of Boston in Massachusetts. Supply constraints, exacerbated by Russia’s war in Ukraine this year, account for about half of the surge Continue Reading
The likelihood of a recession has increased rapidly amid pressures from inflation and the Federal Reserve’s more aggressive action. Economists surveyed by The Wall Street Journal have dramatically raised the Continue Reading
The easing of industrial output added to signs of an economic slowdown. Factories in the mid-Atlantic region saw diminished activity for the first time in two years this month, the Continue Reading
More Americans are beginning to hold off on booking flights, getting haircuts, building backyard pools and replacing old leaky roofs — in some of the new signs that the consumer Continue Reading
