downturn

DAVOS, Switzerland—Fears of an economic downturn have lately gathered steam. Corporate executives at the World Economic Forum here struck a mostly gloomy tone to match.“There is a cycle of mood,” said Alex Karp, chief executive of Palantir Technologies Inc. “You walk around and everyone thinks it’s going to be bad, so it’s going to be bad.” Mr. Karp isn’t alone, but the pessimism he says he’s picking up among other CEOs also isn’t uniform. “It will be…

The global economy is in danger of entering a period of so-called stagflation, or high inflation and weak growth, policy makers and corporate leaders say, which could erode living standards around the world.Treasury Secretary Janet Yellen on Wednesday became the latest leader to warn of turbulence for the global economy. “Certainly the economic outlook globally is challenging and uncertain,” Ms. Yellen said in Bonn, Germany, ahead of a meeting of leaders of seven wealthy nations. “Higher…

“It’s going to be hard to avoid some kind of recession,” CEO Charlie Scharf said at the WSJ’s Future of Everything Festival. Fed Chairman Jerome Powell and other executives are also set to speak on the first day of the event. “It’s going to be hard to avoid some kind of recession,” CEO Charlie Scharf said at the WSJ’s Future of Everything Festival. Fed Chairman Jerome Powell and other executives are also set to speak on the first day of the event. FOLLOW US ON GOOGLE NEWS Read original article here Denial of…

DURBAN, South Africa - April 16, 2022: Massive debris at the Durban harbor following heavy rains, mudslides, rain and winds in Durban. The harbour serves as a bulwark for the economy of the city of Durban.RAJESH JANTILAL/AFP via Getty ImagesSouth Africa's economy picked up momentum in the first quarter of the year, but historic flooding in a key province and the threat of unprecedented power cuts are putting the brakes on its recovery.The port city of Durban and the wider KwaZulu-Natal province in eastern South Africa…

CNBC's Jim Cramer on Monday said that investors willing to brave the current market should switch out their non-profitable holdings for stocks that have cheap valuations and better-than-average growth rates."I'm not advocating staying in the market, so much as I want you to take some losses and swap into better stocks that can spring back because their losses are just collateral damage. ... The ones that can make things, send you back money," the "Mad Money" host said."I say you put some cash to work now in the tangible,…