Tag: recession

"We run trade deficits because we consume — our appetite for consumption is greater than our capacity to produce."

"This is a game changer, not only for the U.S. economy but for the global economy."

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 ...

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 ...

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, ...

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 ...

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 ...

According to some experts who say Americans need to brace for the arctic winter chill of a recession.

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 ...

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 ...

"How is that not redefining recession?"

"I don't think we're going to see a recession."

The Biden White House is redefining the word.

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 ...

“I’ve not decided on an amount, but it would be some non-trivial figure, I think."

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,” ...

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 ...

"This was not transitory, this was a real serious case of inflation."

This is the first major bank to step forward and confidently predict a recession.