News with the tag "US recession"

As 2025 goes in full swing, the U.S. government is facing mounting pressure due to trillions of dollars worth of debt, bringing the question about resolutions or other significant ways to manage this crisis. This year, $9.2T of U.S. debt will either mature or need refinancing. Considering the seriou...

The 2024 US presidential election is decided. Donald Trump will get a second term, defeating Kamala Harris. In the midst of election night, the Bitcoin price rose to a new all-time high of $75,407 on Binance. The euphoria is driven by Trump’s big election promises. He wants to establish Bitcoin as a...

Gold proponent Peter Schiff sees the possibility of the latest Interest rate cut by the US Federal Reserve fueling recession and even inflation. He described the latest interest rate cut of 50-basis-point as the Fed Reserve giving in to the market. Schiff believes that the situation with the inflati...

Henrik Zeberg, Head Macro Economist at Swissblock, has reasserted his prediction that a US recession is inevitable, but not before a dramatic upswing in financial markets, including a substantial rally for Bitcoin to heights between $115,000 and $120,000. In his most recent analysis posted on X, Zeb...

Economists at Goldman Sachs are increasing the odds that the US economy will enter a period of an economic downturn by the end of the year. Analysts at the banking behemoth have raised the odds of a recession occurring in the coming months from 15% to 25%, citing the last month’s jump in unemploymen...

As everyone remains excited about the most-awaited interview between Elon Musk and Donald Trump, the billionaire is doing the final stress test of its X platform on Sunday night. This shows that Musk is expecting a huge activity surge during the interview time on Monday, by 8 pm EST on X Spaces. Mus...

The US recession scare is getting more intense, especially with the soaring stock market volatility. Economic data unleashed in the past few weeks have not helped the market resilience with most stocks taking series of beating over the last 30 days. While the odds are not in the favor of the economy...

The Bitcoin and crypto markets are currently experiencing one of the worst days since the FTX crash in November 2022. On Binance, the Bitcoin price plummeted to as low as $49,000, marking a stark 15% crash over the past 24 hours. Similarly, Ethereum has tumbled by 20.4%, Binance Coin (BNB) by 20.0%,...

The bullish outlook appears despite the ongoing Bitcoin sell-off, which is being led by the growing risks of a recession in the United States.

New research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A survey of 2,000 people shows inflation and rising living costs (68%) as the main reasons for this belief, followed by complaints from friends and family (50%), reduced sp...