Summary : A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2022. REUTERS/Brendan McDermid/File Photo
Aug 1 (Reuters) – Several U.S. companies are expecting an economic downturn by the end of 2023, prompting their top executives to make recession a key topic of discussion during quarterly earnings calls. read more
Reporting by Manya Saini, Praveen Paramasivam, Manas Mishra, Shivansh Tiwary, and Tiyashi Datta in Bengaluru; Editing by Sweta Singh and Anil D’Silva
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2022. REUTERS/Brendan McDermid/File PhotoAug 1 (Reuters) – Several U.S. companies are expecting an economic downturn by the end of 2023, prompting their top executives to make recession a key topic of discussion during quarterly earnings calls.Inflation as indicated by the personal consumption expenditures price index, the U.S. Federal Reserve’s preferred measure, recorded its steepest increase since 1982 in June, with a 6.8% jump. read moreReporting by Manya Saini, Praveen Paramasivam, Manas Mishra, Shivansh Tiwary, and Tiyashi Datta in Bengaluru; Editing by Sweta Singh and Anil D’Silva
