• Wall Street is divided on the prospect of a recession. Here's what 4 firms see unfolding for the US economy, from an imminent meltdown to a manageable high-inflation situation

    17 days ago - By Business Insider

    Banks are facing old and new challenges in fintech M&A Fabrice Cabaud/Getty Images
    US GDP shrunk last quarter, and two contractions in a row typically marks a recession.
    Wall Street firms are split on the prospect of whether the US will tumble into one.
    Some say that inflation will continue to rise, making a recession inevitable, and others say it will eventually cool down.
    Americans are feeling the weight of inflation - and the biggest financial firms are at a crossroads about whether that means a recession is coming. Getting food on the table is more expensive. So is putting gas in the...
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  • How private equity firms cash in on struggling businesses like Toys R Us and leave retail employees high and dry

    17 days ago - By Business Insider

    Toys R Us closed all of its US retail locations in 2018. Getty/Spencer Platt
    Paul Constant is a writer at Civic Ventures and the cohost of the " Pitchfork Economics " podcast.
    He spoke with Jim Baker of the Stakeholder Project about how private equity firms take over retailers.
    Baker says these firms buy struggling retailers, default on loans, and then cash in profits by shutting the company down.
    This is an opinion column. The opinions expressed are those of the author.
    Many Americans were shocked when popular American toy retailer Toys R Us shuttered its 800 American stores and moved all...
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