Live Breaking News & Updates on Us Economic Downturn

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Oil Steadies After Russia Says Global Oil Markets in Balance

Oil prices steadied after Russian Deputy Prime Minister Alexander Novak said global oil markets were balanced. Brent crude futures settled up 68 cents, while West Texas Intermediate crude settled up 46 cents. Economic data and weak refinery margins could affect crude demand and lead to cuts in runs. ....

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Big banks predict recession, Fed pivot in 2023

More than two-thirds of economists at 23 major financial institutions expect the US to have a downturn this year ....

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