The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
JP Morgan has downgraded its 2025 U.S. growth forecast from 2% to 1.3%, warning that higher tariffs are weakening consumer demand and eroding corporate profit margins.
Analysts pointed to a troubling mix of slow economic output and persistent inflation, drawing comparisons to the 1970s stagflation era.
The bank expects the Federal Reserve to cut rates gradually - by just 100 basis points through spring 2026 - leaving borrowing costs high and financial conditions tight for longer.
Such pressure could weigh further on the economy, increasing the likelihood of a recession later this year, according to analysts.
French prosecutors said on Wednesday (October 29) that two men arrested on suspicion of stealing jewels from the Louvre Museum have “partially admit...
Centrist liberal party D66, led by Rob Jetten, has taken a shock lead in the Dutch election, according to the main exit poll, just two years after the...
U.S. stocks were mixed late Wednesday as traders digested comments from Federal Reserve Chair Jerome Powell, who signaled that another interest rate c...
The non-partisan Congressional Budget Office (CBO) has estimated that the ongoing U.S. federal government shutdown could reduce the economy by between...
Lithuania will keep its border crossings with Belarus closed for a month after balloons carrying cigarettes repeatedly disrupted air traffic at Vilniu...
French prosecutors said on Wednesday (October 29) that two men arrested on suspicion of stealing jewels from the Louvre Museum have “partially admitted” their involvement in the daring daylight robbery — but the stolen treasures are still missing.
Centrist liberal party D66, led by Rob Jetten, has taken a shock lead in the Dutch election, according to the main exit poll, just two years after the party ranked sixth in the previous vote.
U.S. stocks were mixed late Wednesday as traders digested comments from Federal Reserve Chair Jerome Powell, who signaled that another interest rate cut in December is far from guaranteed. The Dow Jones Industrial Average and S&P 500 edged slightly lower, while the Nasdaq climbed on continued gains
The non-partisan Congressional Budget Office (CBO) has estimated that the ongoing U.S. federal government shutdown could reduce the economy by between $7 billion and $14 billion, shaving up to 2 percent off fourth-quarter gross domestic product, the agency said Wednesday.
A small, silent object from another star is cutting through the Solar System. It’s real, not a film, and one scientist thinks it might be sending a message.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
U.S. stocks were mixed late Wednesday as traders digested comments from Federal Reserve Chair Jerome Powell, who signaled that another interest rate cut in December is far from guaranteed. The Dow Jones Industrial Average and S&P 500 edged slightly lower, while the Nasdaq climbed on continued gains
U.S. chipmaker Nvidia has made history by becoming the first company in the world to reach a market value of 5 trillion dollars, driven by soaring demand for artificial intelligence technologies.
Nokia announced on Tuesday that chipmaker Nvidia will acquire a $1 billion stake in the company.
Türkiye’s main stock index, BIST 100, closed on Friday at 10,941.79 points, recording a 3.14% increase.
Türkiye has emerged as Europe’s largest steel producer and the world’s seventh largest in the first eight months of 2025, producing 36.9 million tonnes last year, according to sector officials.
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