HomeAbout

TL;DR CNBC


Carl Icahn says our economy is breaking because of inflation and poor corporate leadership - TL;DR CNBC

Carl Icahn says our economy is breaking because of inflation and poor corporate leadership

Publishing timestamp: 2023-03-14 20:02:35


Summary

Carl Icahn, a famed investor, believes that the US economy is in trouble due to poor corporate leadership and high inflation. He thinks that the corporate governance in the US is one of the worst in the world. He also believes that the Federal Reserve has no choice but to keep raising interest rates to control inflation, which he considers the worst thing for the economy. The annual inflation rate is now at 6%, and the Fed is likely to raise interest rates again next week.


Sentiment: NEGATIVE

Tickers: IEP

Keywords: breaking news: investingstock marketsbreaking news: businessicahn enterprises lpbreaking news: marketscarl icahninvestment strategybusiness newswall streetunited statesmarkets

Source: https://www.cnbc.com/2023/03/14/icahn-says-economy-breaking-due-to-inflation-poor-corporate-guidance.html


Developed by Leo Phan