Investing.com — The U.S. economy has likely entered a “stall state,” with the risk of recession within two years rising to around 50%, according to Barclays analysts. In a research note, the bank said its updated “tipping points” model, which incorporates recent payroll revisions, suggests “the underlying pace of US …
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The UK’s impending recession could be twice as bad as previously thought, according to leading economic forecasters at the business consultancy EY. Reduced government support, higher taxes and an overall worsening outlook have all led the firm’s analysts to conclude that the next three years could be worse than they …
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A FedEx worker makes a delivery on Sept. 16, in Miami Beach, Fla.Joe Raedle/Getty Images After FedEx Corp. FDX-N reported weak preliminary financial results and warned of a recession, the stock market shuddered, highlighting the importance many investors attribute to the global delivery giant. FedEx’s share price fell 21.4 per …
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President Joe Biden has picked a former Obama administration official to run the Centers for Medicare and Medicaid Services. The agency oversees government health insurance programs covering more than 1 out of 3 Americans and is a linchpin of the health care system. If confirmed by …
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