Goldman Sachs sees recession in 2008
213423
Goldman Sachs on Wednesday said it expects the U.S. economy to drop into recession this year, prompting the Federal Reserve to slash benchmark lending rates to 2.5 percent by the third quarter.
527404
Britain and the US are in for a "very severe recession," according to Philippe Jabre. The Geneva-based hedge fund manager, who predicts only a short-lived bounce in stock markets, said that anyone with debt faced problems.
5983
The start of 2008 has brought a harsh reality to Wall Street: The U.S. may indeed be headed toward recession.
335787
HONG KONG -- Former U.S. Federal Reserve Chairman Alan Greenspan warned Monday that the American economy might slip into recession by year's end.
499512
Investment bank HSBC has revised  downward its forecast for 2007 economic growth and cautioned  that the risk of an outright recession is growing as a retreat  in housing threatens household balance sheets.
711964
Business & money: Weakening house prices and soft consumer spending set to make 2008 worst year since early 1990s
199758
The outlook for the global economy this year is decidedly dour, but leading economists at the World Economic Forum in Switzerland had mixed views Wednesday about the possibility of a global recession.
589859
Goldman Sachs reported that profits were flat from a year ago, as the weak mortgage market helped drive down fixed-income revenues.
690599
Wall Street's top forecasters have some good news and bad news for 2008. Many think stocks will head higher but that unemployment will rise and the overall economy will slow.
747179
Wall Street is set to end 2007 with modest gains this week and kick off the new year with all eyes trained on jobs data for signs of recession that could make 2008 a hostile environment for stocks.
306257
Banks will continue to suffer into 2009 as turmoil in the credit markets drags on, credit ratings agency Standard & Poor's said on Friday.
291432
Goldman Sachs Group Inc.  Chief Financial Officer David Viniar predicted that the U.S. subprime mortgage market, which has suffered rising defaults and generated losses for lenders over the past year, will get worse before it gets better.
230980
Wall Street profits from U.S.   operations may fall 23 percent next year as the economy slows,   corporate earnings growth moderates and fees decline, a new   study shows.
112251
Goldman Sachs Group Inc  said on Tuesday fourth-quarter earnings rose 2 percent, beating expectations and capping a record year, but its shares fell after the investment bank cautioned that markets will remain challenging in the near future.
702422
The U.S. economy may be in recession,   based on Midwest manufacturing data, a report said on Thursday.
672609
What's left to say about Goldman Sachs' standout 2007?
438069
Third-quarter results from Goldman Sachs and Lehman Brothers point to many difficult months ahead for Wall Street.