Jamie Dimon is ‘cautious about everything’ as he sees risks to a soft landing
Dimon thinks there's a better-than-even chance that the U.S. is heading for a recession, though he doesn't see systemic issues looming.
Goldman Sachs and Abu Dhabi’s Mubadala ink $1 billion partnership to invest in Asia Pacific
The $1 billion private credit partnership will co-invest in the Asia Pacific region, with a particular focus on India.
Economic boost from Taylor Swift’s ‘Eras’ tour could be overstated, Nomura warns
While the firm said the concert's effect on local economies was undeniable, it may have a smaller imprint on national-level economic data than some think.
Germany’s housebuilding sector is in a ‘confidence crisis’ as the economy struggles
Germany’s housebuilding sector has gone from bad to worse in recent months as it is in a "confidence crisis," one CEO says.
Fed’s Waller wants more evidence inflation is cooling before cutting interest rates
The central bank official said higher than expected inflation readings raised questions on where prices are heading and how the Fed should respond.
Turkey holds interest rate at 45% for first time after 8 months of hikes
Turkey's central bank held its key interest rate on Thursday, despite soaring inflation, after eight consecutive months of hikes.
Germany slashes 2024 growth forecast to just 0.2% as economy in ‘tricky waters,’ minister says
Germany on Wendesday confirmed that it was slashing its GDP growth expectations for 2024 to 0.2%, down from the previous 1.3% estimate.
Israel’s GDP contracts nearly 20% in fourth quarter amid Gaza war
The contraction was significantly larger than expected. Analysts predicted a contraction of around 10%.
Bank of England rate cuts likely later but larger, Goldman Sachs says
The Wall Street bank now sees five consecutive 25 basis point interest rate cuts this year, with the first in June rather than May.