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.
