economy - Unusual Whales (Page 6)

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economy

A collection of 132 posts

Citadel Now Top-Earning Hedge Fund After $16 Billion Gain in 2022

Per Forbes Citadel did extremely well in 2022 as Ken Griffin's hedge fund bagged $16 billion, making it the top-earning hedge fund of the year. This made up for almost a quarter of the fund's net gains since it started doing business in 1990. Due to

Citigroup Drops 2023 Worldwide Recession Probability to 30%, Down from 50%

Per Economic Times Citigroup economists were once 50-50 about a worldwide recession in 2023, but now, they have decided to drop their estimates down to 30%. This comes as different macroeconomic factors have changed, and the global economy is improving in certain areas. The estimations by Citigroup come despite a

Report Says Richest 1% of People Amassed 2/3rds of the Past Two Years' $42 Trillion New Created Wealth

Per Oxfam A report by Oxfam says that the richest 1% amassed almost twice as the bottom 99% of new wealth created since 2020. Out of the $42 trillion, the richest amassed $26 trillion while the rest of the population only got $16 trillion. The report notes that out of

61% of Economists Think Recession is Possible in the Next 12 Months: GDP Expected to Stagnate in 2023

61% of businesses and academic economists expect the US economy to go into recession this year as GDP is expected to stagnate. Despite the Feds trying to bring down inflation, most respondents think this won't happen. The report came with a graph that showed the likelihood of a

American Personal Saving Rate Dropped to 17-Year Low While Household Debt Climbs

Per Bloomberg The rate of American personal savings is now dropping to its lowest rate in 17 years. The last time that the US experienced such low personal saving rates was in 2005. The report highlights how inflation and rising borrowing costs affect how Americans save their money. In October

Ukraine Hit 30-Year-Low Economic Decline at 30.4% in 2022

Per Reuters The war on Ukraine has resulted in the country's economy hitting its 30-year low in 2022. The country's economy dropped by 30.4% in gross domestic product (GDP). Preliminary economy ministry data revealed that the war in Ukraine resulted in steep economic drops as

Nearly Two-Thirds of Voters Think the 2023 Economy Will be in the Worse Shape

Per WSJ A December 3-7 poll of 1,500 registered voters by the WSJ found that two-thirds think the 2023 economy will be worse. The survey showed that Republicans had the strongest pessimism, while only almost a quarter of Democrats shared the same sentiments. The article says that the negative