Economist predicts a ‘whopper’ of recession in 2023 — and that’s not necessarily due to higher interest rates

Financial markets investors worry the US is on the brink of an economic downturn as central bankers in Jackson Hole reaffirmed their determination to raise interest rates to bring inflation under control. Steve Hanke, a professor of applied economics at Johns Hopkins University, said that he believes the US is heading for a “whopper” of … Read more

Chip stocks could plunge another 25% as ‘we are entering the worst semiconductor downturn in a decade,’ analyst says

After a rough few months for semiconductor stocks, one Wall Street analyst expects the pain to continue and predicted Tuesday that “we are entering the worst semiconductor downturn in a decade.” In a Tuesday note, Citi Research analyst Christopher Danley wrote that this earnings season marked the first since the pandemic began in which consensus … Read more