Chairman and CEO of JPMorgan Chase & Co. Jamie Dimon testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington, DC. (Photo by Alex Wong/Getty Images)

OAN Newsroom
UPDATED 7:04 PM PT – Wednesday, December 7, 2022

Economists warned that the U.S. will be facing another recession next year, due to high inflation and shrinking business investment.

Alessio de Longis, Senior Portfolio Manager at Invesco Investment Solutions commented on the matter.

“A recession is not a question of ‘if,’ it’s a question of ‘when.’ We do think that a recession will come at some point maybe in late 2023,” de Longis said.

According to J.P. Morgan Chase’s’ CEO Jamie Dimon, a possible upcoming recession could be “a hurricane” and it could erode money-saving of millions of Americans.

He added that it is still unclear whether the next year’s crisis will be mild or severe.

Meanwhile, investors are worried that an upcoming recession could further cripple business sentiment. Nouriel Roubini, CEO of Roubini Macro Associates made a statement.

“You get in every case a hard landing, even when you have cases of oil heating from a aggregate demand. Let alone when like the 70’s situation with negative supply shocks that have used growth, increasing inflation and we raise interest rates then, then that’d end up in a hard landing,” Roubini said. “So even if we’re in a mild recession, right now the market is, depending on the day, 15% like down.”

Economists say that U.S. stocks could decline by as much as 25% due to a recession next year.

Meanwhile, major American banks are expecting another recession to hit the U.S. economy next year after a technical contraction in the first half of 2022.

A flyer seeking information about the killings of four University of Idaho students who were found dead is displayed on a table along with buttons and bracelets, on Nov. 30, 2022, during a vigil in memory of the victims in Moscow, Idaho. It’s been nearly three weeks since four University of Idaho students were found stabbed to death in a home near campus, but there are still more questions than answers surrounding the investigation. (AP Photo/Ted S. Warren, File)

OAN Newsroom
UPDATED 6:07 PM PT – Wednesday, December 7, 2022

On Wednesday, Moscow, Idaho police issued a press release where they announced that they are searching for a vehicle of interest in relation to the case of four Idaho college students that were brutally murdered on November 13th.

Detectives are very interested in speaking to the occupant or occupants who were inside of a white 2011-to-2013 Hyundai Elantra, which was reportedly seen near the crime scene the morning hours of November 13th. They believe that the occupants of the vehicle could have important information regarding the unsolved case.

Police are asking anyone with any information regarding the vehicle to immediately call the Idaho tip line at (208) 883-7180 or contact them at email This email address is being protected from spambots. You need JavaScript enabled to view it..

Meanwhile, at the request of the families, authorities in Moscow are starting the process of returning the belongings of the victims back to their loved ones. This comes more than three weeks after the quadruple murders. According to Police Chief James Fry, authorities loaded the victims belongings onto a truck and brought them to a secure location.

Investigators have reached out to the college town of about 25,000 residents for tips or reports about any suspicious activity. So far, officials have already received about 2,600 tips through email, around 2,700 phone tips and about 1,000 digital media submissions throughout the investigation.

No murder weapon has been located thus far and no suspect has been named.