Recession – OwhYes !

20AugAugust 20, 2024

Ringgit hits 18-month high amid US recession fears

KUALA LUMPUR: The ringgit reached an 18-month high today, driven by concerns of a potential recession in the United States, said an analyst. At 6 pm, the ringgit strengthened to 4.3805/3850 against the US dollar, marking its best performance since Feb 14, 2023. On Friday (Aug 16), the ringgit closed at 4.4295/4350 against the greenback. Bank Muamalat Malaysia...

By James LimmalaysiaForex, Mohd Afzanizam Abdul Rashid, Recession, Ringgit, US, US Dollar0 CommentsRead more...

23NovNovember 23, 2023

US recession? Look at what rich Americans do on Black Friday

RICH Americans are curtailing their spending ahead of Black Friday, a worrisome sign for an economy that has so far depended on the US consumer to stave off a recession. In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class – including Apple, Coach...

By Stephanie ChanNews, WorldAffluenceindex, BlackFriday, Consumerconfidence, Economicindicators, Highincomespenders, Holidayseason, Recession, Retail, Shoppingbehaviour, Spendingtrends, Wealthyconsumers0 CommentsRead more...

Tag - Recession