CNBC Daily Open: Mounting recession concerns
Publishing timestamp: 2023-04-05 02:01:29
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 on regulators to keep better tabs on banks' risk management. Amazon has laid off over 100 employees in its video games division and frozen hiring in its workforce. New Zealand's central bank surprised markets with a bigger-than-expected rate hike of 50 basis points, while Australia's central bank took a breather on rate hikes. Traders are preparing for a slowing economy by buying gold and selling industrial stocks.
Sentiment: MIXED
Keywords: jpmorgan chase & co, markets, new zealand, amazon.com inc, labor economy, new york, donald trump, prices, united states, new zealand dollar/us dollar fx spot rate, business news, jamie dimon, karen mcdougal, world markets, stormy daniels, personnel,
Source: https://www.cnbc.com/2023/04/05/cnbc-daily-open-emea.html