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JPMorgan Chase raised the risk of a global recession this year to 60% from 40%.
On April 4, Bruce Kasman, chief economist at JPMorgan Chase, said that if the tariffs announced by the Trump administration on US trading partners continue, it could push the US and the global economy into recession by 2025. "The risk of a global recession this year has increased from 40 per cent to 60 per cent," Mr. Kasman said in a note on Thursday. He called the tariffs the largest tax hike on US households and businesses since 1968. He also said the impact of the tax hike was likely to be am...
Bruce Kasman, chief economist at JPMorgan Chase, said that if the tariffs announced by the Trump administration on US trading partners continue, they could push the US and global economy into recession by 2025. "The risk of a global recession this year has increased from 40 per cent to 60 per cent," Mr. Kasman said in a note on Thursday. He called the tariffs the largest tax increase on US households and businesses since 1968. He also said the impact of the tax hike was likely to be amplified th...
Analysts at JPMorgan said bitcoin's positioning as "digital gold" was under pressure, while demand for gold continued to be strong. "Bitcoin's volatility and correlation with equities raise questions about its claim to'digital gold '." "Looking ahead, we believe gold will continue to rise as a major beneficiary of depreciation trades." Depreciation trading is a type of investment that focuses on buying assets such as gold and bitcoin as a hedge against inflation, long-term debt, and the deprecia...
Michael Feroli, chief economist at JPMorgan Chase, said in a note that Trump's tariffs will generate significant revenue, but at the cost of higher prices, which could impact consumer purchasing power. He wrote: "On a static basis, the tariffs announced today will increase revenue by nearly $400 billion, or about 1.3% of GDP. We estimate that the measures announced today could raise personal consumption expenditure prices by 1-1% this year...
According to Decrypt, JPMorgan Chase said in a report on Tuesday that bitcoin miners continue to face challenges, with 14 publicly traded miners in the sector collectively experiencing their worst month on record in March. The bitcoin miners it tracks, including companies such as MARA and Core Scientific, lost a combined 25 percent, or about $6 billion, in market capitalization last month. In addition, companies with high-performance computing businesses "underperformed pure bitcoin miners for t...
According to the SEC, Strategy (MSTR. O) bought 6,911 bitcoins for $584.10 million between March 17 and March 23.
Mr. Michel, global head of fixed income at JPMorgan Asset Management, said the Fed, which is struggling with inflation, was likely to accept that "stagflation" was possible.
According to a report by CoinDesk, a research report released by JPMorgan Chase (JPM) on Monday shows that in the first two weeks of March 2025, the hashrate of the Bitcoin network increased by 2 EH/s, reaching an average of 811 EH/s. The report pointed out that US-listed mining companies maintained a share of about 30% of the network's hashing power. At the same time, the average price of bitcoin fell by about 10% during the period, putting pressure on the mining economy. Hashing power prices (...
1. China Office and State Office: Guarantee the car-free family's car purchase demand by year. 2. JPMorgan Chase: Tesla's current predicament can be called "unprecedented" in the automotive industry. 3. China Automobile Association: The 2025 annual new energy vehicle to the countryside model recommended catalog declaration starts, and the passenger car guide price needs to be less than 350,000 yuan. 4. Guangdong license plate into Hong Kong is expected to be realized within the year. 5. He Xiaop...
JP Morgan Chase announced the update of bitcoin mining company ratings and stock price targets based on the fourth quarter of 2024 results report, mainly including: Upgrade the IREN rating from neutral to overweight, but lower its target price from $15 to $12. 2. Downgrade Cipher Mining's rating from overweight to neutral, while withdrawing its $8 target price. 3. Reiterated its overweight rating on Riot Platforms and CleanSpark, and lowered their price targets to $13 and $12, respectively. 4. M...
Economists at JPMorgan, the Wall Street investment bank, raised the risk of a US recession this year to 40 per cent from 30 per cent in early 2025. "Due to extreme US policies, we believe the risk of a US recession this year is high," the analysts wrote. The news follows news that Morgan Stanley economists last week cut their US growth forecasts and raised their inflation forecasts. The bank forecasts US GDP growth of just 1.5 per cent in 2025 and 1.2 per cent in 2026. Goldman Sachs economists a...
Economists at JPMorgan Chase, the Wall Street investment bank, raised the risk of a recession this year to 40% from 30% in early 2025. Due to the extreme policies of the United States, we believe that the risk of a recession in the United States this year is very high. Morgan Stanley economists last week cut their economic growth forecasts and raised their inflation forecasts. The bank forecasts GDP growth of just 1.5% in 2025, falling to 1.2% in 2026. In addition, Goldman Sachs economists also ...
On March 8, according to a statement released by the Greater Memphis Chamber of Commerce in Tennessee on March 7 local time, Musk's artificial intelligence company xAI has purchased a 1 million-square-foot property in southwest Memphis, which is another expansion move after announcing the expansion of the supercomputer "Colossus" in the city in December last year. The statement said that the new facility will complement xAI's existing business and support the company's expansion in Memphis. The ...
1. Trump signed an executive order to establish a strategic bitcoin reserve. 2. The United States established a bitcoin war reserve, but will not take the initiative to buy bitcoin additionally. 3. Wu Jiezhuang, a member of the Hong Kong Parliament: Hong Kong has no official coin issuance and is wary of fraud. 4. Chairperson of the South Korean FSC: The drafting of the second phase of the cryptocurrency bill will be accelerated. 5. Japan plans to classify cryptocurrencies as new assets rather th...
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