Wall Street says a recession is coming. One investment pro names her favorite stocks to tough it out

Warning signs are flashing that the global economy is headed for a recession. On Tuesday, Goldman Sachs CEO David Solomon said he expects the economy to fall into a recession in the coming months, while JPMorgan Chase CEO Jamie Dimon warned that stubbornly high inflation could trigger a recession next year as consumer spending dries up. Other market veterans, such as Nancy Tengler, are taking a similar view. "The economy will slow into 2023.

She noted that Goldman recently formed a new division — Platform Solutions — to consolidate its fintech initiatives into a single cloud-based platform. Platform Solutions will house Goldman's nascent digital corporate cash management business. The division recently acquired fintech GreenSky , and card partnerships with Apple and General Motors , according to the Wall Street Journal , which first reported the reorganization.

When can we see another one of those luxurious deals FTX every one of em went with a BUST ! 😆👏

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's why the smart money is betting on value stocks to outperform growth“Just because a company’s past earnings have grown at a brisk pace doesn’t mean they will continue growing at that pace in the future,” MktwHulbert writes. MktwHulbert A better advise would be how to cover investing under inflationary environments during recession time IMO
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks decline in Asia, extending losses on Wall StreetShares are lower in Asia after benchmarks fell again on Wall Street on fears the Federal Reserve will need to keep the brakes on the economy to get inflation under control, risking a sharp recession
Source: WOKVNews - 🏆 247. / 63 Read more »