Inflation is forcing people to use up their savings in a bad sign for the economy
admin Turns out Americans aren’t sitting on a big pile of savings to help them endure…
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Housing still has ‘a lot of wiggle room’ in a recession, even with mortgage rates near a 20-year high, according to this investor
Mortgage rates that briefly touched a 20-year high this week aren’t likely to crash this…
Read MoreU.K. economy grew slightly less than estimated in second quarter
The U.K. economy grew marginally from April to June, but is expected to contract in…
Read MoreFed must try to avoid a ‘harsh recession,’ Daly says
The Federal Reserve does not need to induce a deep recession in order to bring…
Read MoreFed’s Mester cool to talk of potential ‘pause’ in rate hikes
Cleveland Federal Reserve President Loretta Mester on Thursday pushed back on the notion that the…
Read MoreThe U.S. economy shrank in the first half of 2022, new GDP figures confirm
The numbers: The U.S. shrank in the first six months of the year, revised government…
Read MoreU.S. jobless claims drop to lowest level since April
The numbers: Initial jobless claims fell by 16,000 to 193,000 in the week ended September…
Read MoreU.S. economy shrank in the first half of 2022, updated GDP figures confirm
The numbers: The U.S. shrank in the first six months of the year, revised government…
Read MoreU.S. jobless claims drop to lowest level since April
The numbers: Initial jobless claims fell by 16,000 to 193,000 in the week ended September…
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Amazon, Google stock-price targets fall as odds of a recession rise
Truist analyst Youssef Squali lowered his price targets and revenue estimates on some internet giants,…
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