US economy could be heading for recession, economist warns: ‘100% chance’ of global slowdown

US economy could be heading for recession, economist warns: ‘100% chance’ of global slowdown

Bank of America CEO Brian Moynihan previews “Mornings with Maria” at the World Economic Forum in Davos, Switzerland. The US economy could be heading into a recession next year as persistently high inflation and an increasingly hawkish Federal Reserve weigh on growth. Greg Daco, chief economist at EY-Parthenon, warned in a new analyst note that … Read more

The key inflation indicator slowed to a still high 6.3% last year

The key inflation indicator slowed to a still high 6.3% last year

An inflation indicator closely watched by the Federal Reserve rose 6.3% in April from a year earlier, the first slowdown since November 2020 and a sign that high prices may finally be moderating, at least for the moment. The inflation figure released Friday by the Commerce Department was below the four-decade high of 6.6% set … Read more

Illini arrives at Baylor for the transfer of Matthew Mayer

Illini arrives at Baylor for the transfer of Matthew Mayer

CHAMPAIGN, Ill. — The Illini came back into the transfer portal and landed another long, versatile wing. Matthew Mayer announced Friday that he was transferring to Illinois after spending the past four years at Baylor. Mayer entered the NBA draft with the option of retaining college eligibility and also entered the transfer portal just before … Read more

Caitlyn Jenner ‘shocked’ not to be invited to Kourtney’s Italian wedding

Caitlyn Jenner ‘shocked’ not to be invited to Kourtney’s Italian wedding

Caitlyn Jenner is “shocked” not to have been invited to the Italian wedding of Kourtney Kardashian and Travis Barker last weekend, we learn. “She’s shocked,” a source from Caitlyn’s team told Page Six of being snubbed by her stepdaughter. Caitlyn wasn’t invited to the festivities in Portofino last weekend, with a source telling TMZ there’s … Read more

US economy could be heading for recession, economist warns: ‘100% chance’ of global slowdown

US economy could be heading for recession, economist warns: ‘100% chance’ of global slowdown

Bank of America CEO Brian Moynihan previews “Mornings with Maria” at the World Economic Forum in Davos, Switzerland. The US economy could be heading into a recession next year as persistently high inflation and an increasingly hawkish Federal Reserve weigh on growth. Greg Daco, chief economist at EY-Parthenon, warned in a new analyst note that … Read more