Finance‘Dr. Doom’ Nouriel Roubini says a severe recession will cause stocks to drop 25%—and warns zombie companies are in danger
Even if the U.S. economy experiences only a “short and shallow” recession, “Dr. Doom” sees stocks falling another 15%.
December 7, 2022
Latest
Newsletters
- Fortune CryptoThe incredible shrinking Coinbase: Is a takeover inevitable?
- BroadsheetToday is Latina Equal Pay Day. Employers must take responsibility in closing the wage gap
- CHRO DailyLinkedIn is seeing a decline in remote job postings: That could be a problem for DEI goals
- Term SheetThe top policy battles for 2023, explained
- CFO DailyHow the best leaders are preparing to navigate a recession—and come out ahead
- CEO DailyPro-ESG and anti-ESG activist investors have more in common than you might imagine
Fortune Crypto
Inflation
COVID-19
Fortune @ Work: The Return-to-Office Playbook
Features
Fortune Recommends
Fortune Well
Success
The 2023 Investor's Guide
Leadership
Path to Zero
Commentary
- kanye westCould Kanye West be placed under Kim Kardashian’s conservatorship?
- digital nomadsRemote work has become a right for knowledge workers. The data says we should create more fully remote jobs
- U.S. midterm electionsGen Z’s voting habits are all the proof companies need to act on societal issues
- EnvironmentThe COP no one wants you to know about
- venture capitalInvestors have been supporting food tech long before the ‘boom’–and scary headlines won’t change our minds
- Congress9 in 10 Americans support the hospital price transparency rule–but it’s not working. Congress must come together to make it a reality
Topics
Asia
A senior Chinese health official just predicted that most of the country will get COVID
China’s former CDC head predicts 90% of population could get COVID as Beijing eases restrictions: ’It’s going to be inevitable’
China’s relaxed COVID restrictions suggest it will reopen sooner than expected—but ‘millions of daily new cases’ will likely disrupt its economic recovery
Environment
London is releasing wild beavers, Chicago is floating wetlands and Frankfurt is letting hedgehogs run free: Inside the world’s ‘rewilding’
Gen Z’s voting habits are all the proof companies need to act on societal issues
Florida lawmakers are meeting to figure out what to do about their property insurance market after it suffered billions in hurricane losses
Europe
Brittney Griner is coming home after Biden swaps a Russian arms dealer called ‘the Merchant of Death’ for the WNBA star
‘Harry & Meghan’ Netflix release puts British monarchy on edge with race a central issue
Bernard Arnault may now be the world’s richest man. Meet his 5 ultrawealthy children vying to take over his LVMH empire in a real-life ‘Succession’ plot.
Finance
The top policy battles for 2023, explained
How the best leaders are preparing to navigate a recession—and come out ahead
Fed-up New York Times employees walk out in 24-hour strike over wages and remote-work policies
Health
A senior Chinese health official just predicted that most of the country will get COVID
Fauci isn’t just worried about a ‘wave of infections’ as China reopens. He sees a risk in a whole new wave of mutant variants
Judge sentences former Theranos executive ‘Sunny’ Balwani to nearly 13 years in prison over blood testing scandal
Leadership
LinkedIn is seeing a decline in remote job postings: That could be a problem for DEI goals
Genpact’s CEO says he knew A.I. wouldn’t be the job-killer people freaked out about
Bernard Arnault may now be the world’s richest man. Meet his 5 ultrawealthy children vying to take over his LVMH empire in a real-life ‘Succession’ plot.
The Ledger
Keeping up with the SEC: Here’s what Kim Kardashian and your financial adviser have in common
Crypto lender BlockFi files for bankruptcy after FTX implosion
New York bans new crypto mining power plants—for now
Lifestyle
Americans are increasingly driving while stoned or drunk. Deaths are on the rise, too.
Could Kanye West be placed under Kim Kardashian’s conservatorship?
Missouri marijuana law has changed—but there’s some confusion
Personal Finance
Recent U.S. homebuyers are being hit with a massive wave of regret
Here’s where retail investors are planning on putting their money in 2023, according to a big global survey
Could Kanye West be placed under Kim Kardashian’s conservatorship?
Politics
Kamala Harris’ husband is fighting antisemitism from the White House: ‘It’s my identity and I’m in pain right now’
Brittney Griner is coming home after Biden swaps a Russian arms dealer called ‘the Merchant of Death’ for the WNBA star
New EU rules could mean death for London’s global financial clout
Retail
Kanye West is being chased for nearly $100k by a freelance creative director over a Yeezy sunglasses shoot
Bernard Arnault may now be the world’s richest man. Meet his 5 ultrawealthy children vying to take over his LVMH empire in a real-life ‘Succession’ plot.
Microsoft strikes 10-year deal to put Call of Duty on Nintendo—if it closes the $69 billion Activision Blizzard deal
Success
Olive Garden manager fired after demanding staff show her their dead pets if they want a sick day for it
Men are dropping out of the labor force because they’re upset about their social status, according to a new study
The biggest criticism of remote workers is actually false, and it shows quiet quitting is a lie
Tech
Lina Khan’s aggressive campaign against Meta is heading to trial—and Zuckerberg is expected to testify
Reddit’s year-in-review reveals most popular subreddits, and the scary amount of time you spent on the site
Pentagon cloud contract to be shared by Google, Amazon, Microsoft and Oracle in $9 billion deal