The most senior officials from the US Federal Reserve, the European Central Bank, and the Bank of England are expected to take part in a desktop stress test to respond to another Lehman Brothers-style collapse.
My husband has just been let go from his fourth job in five years. The first time it happened was during Covid when he was laid off, but it seemed to start a pattern.
Hays has unveiled deep workforce cuts as it intensifies cost-saving efforts amid a prolonged downturn in the global jobs market, reducing consultancy headcount by 14%.
Ongoing conflict in the Middle East continues to disrupt global markets and oil prices, adding a persistent layer of uncertainty for UK firms. This geopolitical instability is driving higher cost pressures and intensifying concerns around supply chains and energy security, all of which are critical factors in strategic business decision making.
Nearly half of firms (48%) expected turnover to grow over the next 12 months in the first quarter of the year, up from 42% in the final quarter of 2025.
For the 25 major episodes going back to 1950, we typically see a decline in the S&P of around 4%. Now, usually after a month, the S&P tends to recover that entire decline. Then he immediately walked it back. The playbook, he said, does not apply here.
behind the recent jump are primarily the weak labour market numbers, but almost all the economic data has turned soft since the end of last year. Total nonfarm payroll employment edged down by 92,000 in February, and the unemployment rate changed little at 4.4 percent.
