Page 3 - Us Recession
Top Headlines: Macy expenditure cut to hurt Indian IT cos, 5G auction Day 4
Macy's has informed its tech vendors of a 10-15 per cent cut in the IT budget for this year amid fears of a recession, a move that may hurt IT companies. Read more on this in our top headlines
 "Top Headlines: Macy expenditure cut to hurt Indian IT cos, 5G auction Day 4")
Oil extends gains by over $1 as risk appetite improves, US inventories fall
Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors as lower crude inventories and a rebound in gasoline demand
 "Oil extends gains by over $1 as risk appetite improves, US inventories fall")
Walton family loses $11.4 bn after Walmart slashes earnings outlook
The Walton family fortune fell $11.4 billion on Tuesday after Walmart Inc slashed its earnings outlook for the second time this year
 "Walton family loses $11.4 bn after Walmart slashes earnings outlook")
TMSEp223: US recession, 5G auction, IT earnings, China-plus-one strategy
Is India Inc seeing the impact of a looming US recession? Is the 5G auction a turning point for India? What do Q1 IT earnings tell us about the sector's health? What is the China-plus-one
 "TMSEp223: US recession, 5G auction, IT earnings, China-plus-one strategy")
Is India Inc seeing the impact of a looming US recession?
Impending recession in the US is reflecting in its domestic consumption. Indian exporters are already seeing a dip in new orders, while IT sector margins are declining. Should the exporters worry?
 "Is India Inc seeing the impact of a looming US recession?")
Sooner or later, US recession will come knocking at India's tech-hub door
India's tech industry is ruling out a US recession. Or so you would think from Infosys Ltd.'s cheery forecast of 14 per cent to 16 per cent annual revenue growth
 "Sooner or later, US recession will come knocking at India's tech-hub door")
US is exporting inflation, and Federal Reserve hikes will make it worse
With rates in the US rising much faster than in the eurozone and Japan, the dollar is soaring
 "US is exporting inflation, and Federal Reserve hikes will make it worse")
Wall Street week ahead: Recession fears loom over US value stocks
BofA Global Research on Thursday cut its year-end target price for the S&P 500 to 3,600 from 4,500 previously and became the latest Wall Street bank to forecast a coming recession
 "Wall Street week ahead: Recession fears loom over US value stocks")
US inflation impact: Global recession fears to cool WPI inflation in India
Impact on CPI inflation to come later, rupee depreciation to negate some of this impact
 "US inflation impact: Global recession fears to cool WPI inflation in India")
With rupee at new low, Indian bonds may be worst hit if recession grips US
Indian bonds have declined in tandem with a slide in the rupee. The currency is now hovering close to a record low against the dollar as elevated commodity prices stoke inflation and boost the subsidy
 "With rupee at new low, Indian bonds may be worst hit if recession grips US")
The recent correction has removed froth in the broader market: C J George
India will be the fastest growing large economy in the world. Our corporate profit to GDP is on a steady uptrend. Therefore, India will outperform
 "The recent correction has removed froth in the broader market: C J George")
Oil prices head for weekly loss as recession fears trump tight supply
Brent crude rose 35 cents, or 0.3%, to $105.00 a barrel by 1045 GMT and U.S. West Texas Intermediate crude gained 19 cents, or 0.2%, to $102.92
 "Oil prices head for weekly loss as recession fears trump tight supply")
Ford, Volkswagen-backed startup Argo AI bids goodbye to 150 employees
According to TechCrunch, the layoffs account for about 5 per cent of its more than 2,000 global workforces, according to sources familiar with the company's actions
 "Ford, Volkswagen-backed startup Argo AI bids goodbye to 150 employees")
Asian stocks track Wall Street gains as fears of economic slowdown cool
Japan's Nikkei index was up 1.23% at 26,817.24 in morning trade, its highest mark since June 29th
 "Asian stocks track Wall Street gains as fears of economic slowdown cool")
Wall Street says a recession is coming. Consumers say it's already here
Layered on top of the inflation squeeze are the mounting concerns about the outlook for economic growth, not just this year, but into 2023
 "Wall Street says a recession is coming. Consumers say it's already here")
Gold rises on bargain hunting after hitting weakest level since December
Gold prices are showing rising trends after dropping severely in previous months. This is owed to recession fears and rising oil prices, leading investors into frenzy
 "Gold rises on bargain hunting after hitting weakest level since December")
Bruised emerging markets are battle-ready for a recession in US
This time, the selloff in emerging markets began in the first quarter of 2021, a full year before it started in developed markets
 "Bruised emerging markets are battle-ready for a recession in US")
Global stocks rise in holiday mood on resilient oil; Nikkei up 0.84%
Global stocks have risen banking on a US holiday mood, with oil prices recover based on tight supply balancing US recession fears
 "Global stocks rise in holiday mood on resilient oil; Nikkei up 0.84%")
Well begun, but US recession fears to hit Indian firms' foreign M&As
Bankers bullish on local acquisitions by India Inc in rest of FY23
 "Well begun, but US recession fears to hit Indian firms' foreign M&As")
Top triggers likely to set market direction in second-half of 2022
Investors complete the first half of CY2022 with burned pockets. All eyes are now on what the remaining six months will look like. Take a dive into the factors that may set the market's direction
 "Top triggers likely to set market direction in second-half of 2022")
