'Dangerous territory': Investor Peter Boockvar warns recession is spreading to other parts of economy

There may be no escape from recession. The latest reports on housing and manufacturing, according to investor Peter Boockvar, suggest it’s rapidly spreading to other parts of the economy. “People are not being sensitive enough to this economic slowdown and what it’s going to be mean for corporate earnings and profit margins,” the Bleakley Advisory …

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How to Turn Inflation and Recession into Your Largest Business Opportunity

As a business owner, there are many things outside of your control. Two such factors are inflation and recession. Without a proper strategy, these uncontrollable factors can cripple even the most successful businesses. Dilok Klaisataporn | Shutterstock In How to Turn Inflation and Recession into Your Largest Business Opportunity, a free webinar brought to you …

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Business travel spending might not return to pre-pandemic levels until 2026

Lighted tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty Images Business travel spending might not recover to pre-pandemic levels until sometime in 2026 — two years later than previously expected — as inflation, labor shortages and geopolitical issues slow the sector’s rebound, according to …

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Goldman sees a 'feasible but difficult path' for the Fed to defeat inflation without a recession

Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The Federal Reserve’s path to bringing down runaway inflation while keeping the economy from slipping into a major downturn is still open but is getting narrower, according …

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U.S. freight shipping rates have likely peaked, according to new Cass Freight Index data, in another sign that inflation is easing

Trucks at the entrance to the Port of Oakland in Oakland, California, US, on Thursday, July 14, 2022. David Paul Morris | Bloomberg | Getty Images U.S. freight rates increased 28% year over year, but declined almost 2% month over month in July, a likely signal that the U.S. market has reached peak freight rates, …

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US falls into ‘housing recession’ as mortgage rates, building costs surge

The US housing market has plunged into a full-blown recession as tightened economic policy and surging expenses weigh on home builders. Builder confidence has plummeted for eight consecutive months, marking its worst stretch since the housing market imploded in 2007 in the midst of the Great Recession, according to data released Monday. The National Association …

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The world food crisis is about to get worse

Press play to listen to this article Six months of fighting between Russia and Ukraine — two farming powerhouses — has plunged a teetering global food system into full-blown catastrophe, leaving millions of people facing starvation. The war is exacerbating a crisis already fueled by climate change, soaring costs of living and a fertilizer price …

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: Grocery prices in July had largest price increase since 1979 — with one food staple rising by 38% on the year

The rise in the cost of living cooled in July, but not for grocery prices.  The price of food at home rose 1.3% from June to July, marking a 13.1% increase compared to last year. It was the largest price increase for groceries since 1979, according to the U.S. Bureau of Labor Statistics.  The price …

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Malaysia’s fourth quarter will be 'the challenge' for its economy, says finance minister

The fourth quarter will be “the challenge” for Malaysia’s economy if global headwinds such as Russia’s war on Ukraine and China’s zero-Covid policy persist, said Finance Minister Zafrul Aziz.  China is Malaysia’s largest trading partner, and disruptions to supply chains and trade will “dampen some of the growth expectations in the fourth quarter of this …

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Investors Bet Yet Again That Inflation Will Cool

Some investors who took comfort in last week’s moderating inflation figures are leaning further into bets that prices are cresting, a trade that has stung over the past year. The July consumer-price index fueled renewed wagers that inflation is more circumstantial than structural and that the Federal Reserve will in response moderate its rapid pace …

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