CNBC Daily Open: Growing recession fears
Publishing timestamp: 2023-04-04 20:04:56
Summary
The US economy is showing signs of slowing down, with job openings falling below 10 million for the first time in two years and fewer people quitting their jobs. JPMorgan CEO Jamie Dimon warns that the banking crisis is not over and calls for better risk management. Amazon has laid off over 100 employees in its video games division and frozen hiring, while Virgin Orbit has filed for Chapter 11 bankruptcy protection. The Reserve Bank of New Zealand is expected to raise its cash rate to 5%.
Sentiment: MIXED
Keywords: jamie dimon, world markets, business news, donald trump, amazon.com inc, karen mcdougal, jpmorgan chase & co, stormy daniels, economic events, united states, labor economy, markets, personnel,
Source: https://www.cnbc.com/2023/04/05/cnbc-daily-open-asia.html