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Technology

Snowflake: Valuation Is Still Too High Going Into A Likely Recession (NYSE:SNOW)

Sundry Photography Thesis Snowflake Inc. (NYSE:SNOW) stock has continued to outperform the broad market since our pre-earnings update in July, urging investors to consider less expensive high-growth stocks. Despite suffering a massive battering from its 2021 highs, SNOW’s NTM revenue multiple of 20x is still well ahead of its high-growth peer set of average of […]

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Business

Debt-loaded cruise lines’ shares fall as Fed hikes rate and recession fears grow

People come out to watch the new Carnival Cruise Line ship Mardi Gras as it departs on its maiden voyage, a seven-day cruise to the Caribbean from Port Canaveral, Florida on July 31, 2021. Paul Hennessy | Anadolu Agency | Getty Images Shares of Carnival, Norwegian and Royal Caribbean fell this week after the Federal […]

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Technology

A Recession Creates Opportunity for Creatives

Opinions expressed by Entrepreneur contributors are their own. The gig economy as we know it — and many of its associated growth strategies — were born of a recession. After the 2008 financial crisis, companies such as Uber, Lyft and Airbnb enabled laid-off workers (or those whose hours were slashed) to recoup losses while ideally […]

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Business

Here’s why Hispanic workers could face an outsized hit in a U.S. recession

Huntstock | Disabilityimages | Getty Images Turbulent times may be ahead for Hispanic workers, a new report from Wells Fargo found. The firm expects Hispanic workers to take an outsized hit if a mild recession happens in 2023, like it is projecting. “The Hispanic unemployment rate tends to rise disproportionately higher than the national average […]

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Finance

Sterling sinks to lowest level since 1985 as recession fears mount

Sterling slid to its lowest level since 1985 on Friday after a round of weaker than expected data on UK retail sales amplified concerns that the country is headed for a prolonged recession. The pound dropped 0.8 per cent in morning trading in London to $1.137, the first time it has breached the $1.14 mark […]

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Business

FedEx CEO says he expects the economy to enter a ‘worldwide recession’

FedEx CEO Raj Subramaniam told CNBC’s Jim Cramer on Thursday that he believes a recession is impending for the global economy. “I think so. But you know, these numbers, they don’t portend very well,” Subramaniam said in response to Cramer’s question of whether the economy is “going into a worldwide recession.” The CEO’s pessimism came […]

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Science

Putin ‘wreaks havoc’ in Germany as nation on brink of recession

Russian President Vladimir Putin’s gas cuts are threatening to cripple the German economy, with the nation’s finance institutes and senior ministers warning that a decline is now expected to persist. Germany is hugely dependent on Moscow’s gas, getting over half of its supplies from Russia before it invaded Ukraine on February 24. But since the […]

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Technology

2 Top Tech Stocks to Buy During a Recession | The Motley Fool

The stock market is having a rough 2022 so far, and things could get worse if there is a recession. Analysts at Deutsche Bank estimate U.S. stocks could slide another 25% in value if a recession is declared. In such a scenario, technology stocks would face even more pressure than they already do. The Nasdaq-100 Technology […]

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UK

UK GDP rebounds slightly in July yet recession fears remain

Queen’s four children surround her coffin at Edinburgh vigil The UK economy recovered in July to expand by 0.2 percent according to new data released by the Office for National Statistics, yet fell short of analysts’ predictions. The previous month, GDP had shrunk by 0.6 percent, in large part contributing to the UK’s negative growth […]

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Finance

Energy prices freeze to ease recession risk, experts say

Additionally, the day before, economists expect the Office for National Statistics to report that the average earnings growth rate, including bonuses, went up 0.1 points to 5.2 percent. However, they say the respite from rising inflation will be temporary, as home energy prices will rocket in October. Energy regulator Ofgem was due to increase its […]