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BofA Says Brace for Recession Shock After Worst Rout in 52 Years


Mark Zuckerberg Makes a Dark Prediction

The mood has changed at the headquarters of Meta Platforms , parent of Facebook, Instagram and WhatsApp, in Menlo Park, California. For months now, many economists have been anticipating a sharp downturn in the economy due to aggressive monetary policy by the Federal Reserve and central banks around the world to combat record price increases everywhere. The Russian war in Ukraine has further exacerbated the supply chain problems caused by the Covid-19 pandemic.

Meta could be ‘bracing for a tornado-like quarter’: Wedbush’s Dan Ives

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