recession
US job market sees biggest markdown since 2009 with 818K fewer jobs than previously reported
The downward revision means that the reported job growth during that period -- 2.9 million non-farm payroll positions -- was around 30% less.
California is 'going bust,' warns financial expert who predicted 2008 Lehman collapse
"You know, I think it’s interesting that one of the greatest entrepreneurs of our time, Elon Musk, is leaving. What does that tell you?" he asked.
Home Depot's warns customers have 'greater uncertainty in economy' as sales outlook is slashed
A recent survey of 2,000 Americans found that three in five believe the US is currently in a recession despite the fact that government data show the economy is growing.
Fed will steer clear of jumbo rate cut despite mounting pressure: survey
Most economists think that the Federal Reserve will institute a modest cut to the benchmark interest rate rather than the jumbo bite demanded by some of Wall Street's largest banks,...
Economist sends grim warning after wild week on Wall Street: 'Pain ahead'
Figures released Thursday by the Labor Department show initial claims for the week ended Aug. 3 fell by 17,000 to 233,000, below the 240,000 estimate by Refinitiv economists. However, that remains...
Jobless claims fall more than expected to ease recession fears, Dow surges
Recent data has shown an incremental increase in then number of Americans seeking unemployment benefits.
Inflation drives Americans to believe the US is in recession
On average, respondents who feel the U.S. is in a recession believe it started over 15 months ago, roughly in March of 2023.
Top Biden economic advisor leaves amid fear of recession, joins Harris campaign
While Biden's campaign previously touted the economic recovery and "Bidenomics" frequently, the campaign has backed off the phrase as inflation remains elevated and polls show voters are very concerned about...
Stock market bloodbath sees Dow, Nasdaq plummet as renewed recession fears trigger global sell-off
The Dow plunged more than 1,000 points, or 2.6%, on Monday. The Nasdaq and S&P 500 lost more than 3%.
Japanese stock market sees biggest drop since 1987's Black Monday amid US recession fears
The Nikkei share average (.N225), shed a staggering 12.4% as Friday's dismal jobs data heightened worries of a possible recession, and as the yen rallied to 7-month highs versus the...
Goldman Sachs economists raise 'limited' risk of US recession to 25% chance: report
Economists at Goldman Sachs raised the likelihood of the U.S. economy slipping into a recession within the next 12 months from 15% to 25%.
Which Kamala Harris are we getting, if recession hits we’re screwed and other commentary
Vice President Kamala Harris “owes it to the country to confirm, out loud, in person, and on the record,” whether she has “abandoned the positions she held when running for...
Economic 'Black Swan' recession on the horizon amid upcoming presidential election
Could an economic “Black Swan” of a recession upend the November election?
US headed for a deep recession in near future as stocks could fall 30%, analyst warns
Stocks notched a new record in mid-May, with the Dow Jones Industrial Average topping 40,000 for the first time ever, but they have since fallen from those highs.
Stock market could drop 5% or more before end of 2024: Wall Street analyst
CFRA Research's chief investment strategist said a tech-driven recent rally of share prices could come to an end after data for June showed that Americans were feeling gloomy about the...
This is when you can expect mortgage rates to go down -- and why you should buy before a recession hits
Patience is a virtue, especially when it comes to the wait for interest rates to lower amid the ongoing battle against languishing inflation.
Jamie Dimon warns interest rates could soar above 8%, throws doubt on 'soft landing'
JPMorgan Chase chief Jamie Dimon warned that US interest rates could surge to more than 8% in the coming years as record US debt and ongoing international conflicts complicate the...
Larry Summers throws cold water on Wall Street inflation forecasts: 'There's still a risk'
Summers, a senior financial adviser in the Clinton and Obama administrations, is sounding a note of caution.
Biden’s war on manufacturing, peace requires Hamas’ elimination and other commentary
“The Biden administration is engaged in an unprecedented effort to boost American manufacturing,” yet at the same time, it’s “layering more and more requirements on factories and utilities,” hamstringing the...
Gen X told to stop spending and start saving as almost half say they haven't done any retirement planning
Economist argues less spending equals ‘milder’ recession