Is US recession on cards? Donald Trump makes chilling prediction as tariff battle heats up
In the wake of Donald Trump’s return to the White House, global market volatility and geopolitical turbulence have led to warnings that the US economy could be heading for a recession. But President Trump on Sunday refused to say whether the United States will enter a recession this year, offering vague reassurances when pressed on the issue. » Read more about: Is US recession on cards? Donald Trump makes chilling prediction as tariff battle heats up »
Read MoreASX closes below 8000 mark after soft rebound as energy stocks soar
Suncorp shares jumped 2.4 per cent, IAG shares were up 1.7 per cent, QBE was trading 1.3 per cent stronger. The rises come after the nation’s biggest insurers have been warned to lift their game when dealing with vulnerable Australians.
The materials sector was up, buoyed by BHP,
» Read more about: ASX closes below 8000 mark after soft rebound as energy stocks soar »
Read MoreWall Street Breakfast Podcast: ServiceNow Eyes Biggest Deal
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ServiceNow (NOW) nears largest acquisition yet with $3B Moveworks deal – report. (00:27) DoorDash (DASH),
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Read MoreTrump doesn't rule out recession as trade war stirs uncertainty
As President Donald Trump doubles down on his escalating trade war against some of the country’s biggest economic partners, he is declining to rule out a recession as economic uncertainty grows. Meanwhile, tariffs on foreign steel and aluminum products are set to take effect Wednesday as the administration considers additional levies on Canadian lumber and dairy products.
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Read MoreBoomers: Trump's Social Security Plan Has a Major Flaw No One Is Addressing
Personal Finance
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President Trump wants to get rid of taxes on Social Security.
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While that would save many seniors money,
» Read more about: Boomers: Trump's Social Security Plan Has a Major Flaw No One Is Addressing »
Read MoreThe Burst
Market Commentary: 1 Extraordinary Firm Soaring Right Now
It’s bad out there the news media will tell you. Silicon Valley Bank collapsed. First Republic Bank collapsed. First Horizon shares crashed. Bank PacWest cratered. US Bancorp tumbled.
Read MoreThe Ivy
Market Commentary: 1 Oil Stock With Barrels of Upside
While the S&P 500 rallied from its October lows, crude oil prices and the shares of energy companies like Conoco Phillips, have declined. This trend, however, may present an investment opportunity as undervalued assets like COP become attractive.
Conoco Phillips’ stock, tracking the oil futures, showed a decline until a notable recovery in mid-December,
» Read more about: Market Commentary: 1 Oil Stock With Barrels of Upside »
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