forecasts

The chief executive of Wells Fargo & Co. says it will be difficult to avoid an economic downturn. The head of Frontier Airlines predicts conditions for high airfares could last for years. A veteran healthcare entrepreneur expects some startups to be wiped out in a recession.Executives in industries as varied as banking, agriculture and transportation say they are watching the effects of inflation and looking for signs of a slowdown, even as many continue to…

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…

Federal Reserve Chairman Jerome Powell is set to take questions Tuesday on the U.S. economic outlook and its implications for the labor market, inflation and central-bank policies. Mr. Powell, who was confirmed to a second four-year term last week by the Senate with a large bipartisan majority, is scheduled to speak at The Wall Street Journal’s Future of Everything Festival for a 35-minute interview beginning at 2 p.m. Eastern time. The appearance comes as…

Toyota is the world's top-selling automaker. Toyota on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and the war in Ukraine disrupt supply chains. The Japanese auto giant, which kept its crown as the world's…

Nintendo shipped 4.11 million Switch consoles in its January-March quarter, bringing its total to 23.06 million for the financial year, just enough to meet its revised forecast of 23 million. The company had originally predicted 25.5 million units for the year, then 24 million, before reaching its final forecast three months ago. The figure represents a 20 percent decline on the previous year’s figure of 28.83 million consoles shipped, with Nintendo citing shortages of semiconductors and other components. Nintendo has…

This image from the portal shows storms (in red) across West Africa on the evening of 27 April 2022. Credit: Mapbox / OpenStreetMap / 2022 EUMETSAT An online portal developed by the UK Centre for Ecology & Hydrology (UKCEH) will enable forecasters in West Africa to provide communities with earlier and more reliable warnings about large storms.…

SINGAPORE—China is preparing to hit pause on its monthslong campaign against technology companies, according to people familiar with the matter, as officials seek to arrest a rapid deterioration in the country’s economic outlook.China’s top internet regulator is set to meet next week with the country’s embattled tech giants to discuss the regulatory campaign, according to the people, who described the meeting as a sign that officials acknowledge the toll the regulations have had on the private sector at a time when…