Goldman Sachs raised the probability of a U.S. recession over the next 12 months from 35% to 45%, according to Benzinga. The investment bank cited tighter financial conditions and rising policy uncertainty. This marks the second consecutive hike, following a jump from 20% just one month ago. The bank joins JPMorgan in issuing a bearish outlook, with JPM projecting a 60% chance of a global recession. Jefferies analysts view the economic chaos and Trump-era tariffs as a "free hall pass" for tech firms to revise financial guidance. Brent Thill advised companies to reset to lower, achievable targets, aiming to lift investor sentiment and reflect the tougher landscape.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Goldman Sachs raised the probability of a U.S. recession over the next 12 months from 35 percent
00:07to 45 percent, according to Benzinga. The investment bank cited tighter financial conditions
00:11and rising policy uncertainty. This marks the second consecutive hike,
00:15following a jump from 20 percent just one month ago. The bank joined J.P. Morgan in issuing a
00:19bearish outlook, with JPM projecting a 60 percent chance of a global recession.
00:24Jefferies analysts view the economic chaos and Trump-era tariffs as a free-haul path for tech
00:29firms to revise financial guidance. Brent Thill advised companies to reset to lower
00:34achievable targets, aiming to lift investor sentiment and reflect the tougher landscape.