Recession

ReportingApr 4, 2025Read →

Data Suggests It Will Take Time For Tariffs To Restore Manufacturing

New data suggests that President Donald Trump’s tariffs on foreign imports will take years to be fruitful because the U.S. economy is not ready for a wholesale shift to manufacturing. According to NBC News , the tariffs…

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ReportingApr 4, 2025Read →

Trump Tariffs Sparks Recession Fears Wiping Out $2 Trillion in US Stocks

President Donald Trump’s sweeping tariffs on foreign imports have sparked fears of a recession and wiped out over $2 trillion in U.S. stocks Thursday. According to the Associated Press , U.S. financial markets closed…

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ReportingSep 4, 2023Read →

Biden’s America: Majority Living Paycheck to Paycheck, Even Six-Figure Earners Overwhelmed

A new report said a majority of Americans are just squeaking by as a mountain of debt grows taller and taller. As of July, 61 percent of adults in a LendingClub survey said they were living paycheck to paycheck…

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ReportingMay 2, 2023Read →

National Retailer Going Out of Business, All Stores Across Country Set to Close

Retailer Tuesday Morning, a fixture in the home goods market for almost 50 years, is closing all of its stores. The retailer announced the closings on its website . No official closing date was announced. According to…

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ReportingFeb 24, 2023Read →

US Housing Market Takes Biggest Hit Since 2008, Sale Prices Now Plummeting

A trend in American real estate shows residential home prices are falling across the country, led by the San Francisco Bay region. U.S. home prices declined overall by 4.9 percent, or $2.3 trillion, in the second half…

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ReportingJan 9, 2023Read →

With Recession Looming, Major Fast Food Chain Warns That Layoffs Are Coming – Only a Matter of Time

With the expectation that a looming recession will take a bite out of its profits, McDonald’s plans to get rid of some corporate-level jobs. Burger chain CEO Chris Kempczinski said he wants to cut costs but does not…

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ReportingNov 6, 2022Read →

‘On the Brink’: Don Lemon Uncomfortable as Celebrity Shoots Straight on the Economy to His Face

A celebrity chef told a gaggle of CNN hosts last week that restaurant customers are foreshadowing that “we’re on the brink of some really bad economy here.” Celebrity chef Bobby Flay appeared Friday on “CNN This…

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ReportingSep 26, 2022Read →

Top Economist: 80% Chance of Recession in Coming Months – FED Ignoring 1 Thing That Can Fix It

That chill in the air is not simply the onset of autumn, according to some experts who say Americans need to brace for the arctic winter chill of a recession. Friday ended a week in which Wall Street took a beating, The…

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ReportingAug 16, 2022Read →

Experts Sound Recession Alarm Bells As Housing Numbers Tumble Further Than Expected

After years of a booming housing market, the industry is now hitting a new snag and could fall into recession. In July, the number of housing starts took a significant downturn, which could be a sign that the market is…

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OpinionAug 3, 2022Read →

‘Go Woke, Go Broke’ Effect? Amazon Slashes Workforce With Most Job Cuts in Company History

Liberal retail juggernaut Amazon slashed its workforce by 6 percent in the second quarter despite experiencing higher sales for the three-month period ended June 30. The loss of 100,000 employees marks Amazon’s biggest…

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OpinionJul 29, 2022Read →

Peter Doocy Humiliates WH Press Sec When He Uses Biden Econ Adviser’s Words Against Her

As the Biden administration continues to make excuses for the economic problems in the U.S., Fox News reporter Peter Doocy took matters into his own hands. Data from the U.S. Bureau of Economic Analysis released…

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OpinionJul 26, 2022Read →

‘God Willing’: Biden Downplays Concerns That the US Is Heading Toward a Recession

After promoting a more robust definition of a recession, President Joe Biden is seeking to downplay concerns that the country is headed toward a downturn. Biden took reporters’ questions virtually on Monday due to his…

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ReportingJul 25, 2022Read →

White House Changing Definition of Recession, Will Take New 'Holistic' Look at the Situation

With The Washington Post blaring that “Big Tech is bracing for a possible recession,” the Biden White House is redefining the word. A recession is traditionally defined as two consecutive quarters in which the nation’s…

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OpinionJun 22, 2022Read →

Watch: WH Press Sec Accidentally Admits Recession is Coming

It’s like the old tale of the frog who didn’t notice he was being boiled in water because the temperature was being turned up slowly. Last year, President Joe Biden’s administration insisted the economy was fantastic…

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ReportingJun 21, 2022Read →

Elon Musk Comments on Potential Trump 2024 Bid, Announces Plan to Get Involved in Politics in a Big Way

Tesla and SpaceX CEO Elon Musk hedged Tuesday when asked if he would support former President Donald Trump in the 2024 presidential election. Musk last week said he might potentially support Republican Florida Gov. Ron…

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ReportingMay 19, 2022Read →

Growing Number of US Economists Sound Recession Alarm Bells: ‘Very, Very High Risk’

Economic storm clouds on the horizon could be the first sign of a looming, recession, according to many economic experts. “Recession risks are high — uncomfortably high — and rising,” Mark Zandi, chief economist at…

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OpinionMay 11, 2022Read →

Biden Tries to Calm Nation About Inflation, but His Foolish Babbling Just Creates More Anxiety

The comedy of errors that is Joe Biden’s botched presidency sputtered on during a rambling speech he gave on Tuesday while discussing inflation. At one point, a confused Biden said the No. 1 “strength that we’ve built…

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ReportingApr 14, 2022Read →

Home Depot Founder Hammers Biden Over Inflation: ‘Worse Than Jimmy Carter’

Americans are getting very upset with the Biden administration over the continuing inflation crisis. The Bureau of Labor Statistics announced Tuesday that the consumer price index , which measures what consumers pay for…

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ReportingApr 7, 2022Read →

A Major Bank Is Now Forecasting a Recession Will Hit the US

Banks, traders and economists have been watching the economy — along with just about anybody with a paycheck — trying to anticipate if and when a recession might hit the U.S. Now, the first major bank has stepped…

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