Amazon held what amounted to an extra Prime Day in October, blanketing its site with deals. Best Buy rolled out Black Friday-level sales last month. And on Friday, Kohl’s entered […]
Recession and Depression
Trending topics and news from the Recession and Depression category
Back to news homeAre the Federal Reserve’s Rate Increases Working?
Economists at Goldman Sachs estimate that the Fed’s preferred inflation gauge, stripping out food and fuel costs, will slow to 2.9 percent by next December from 5.1 percent today. That […]
U.K. Economy Shrinks as Threat of Recession Nears
The ride down may be shallow or steep, but either way, the European Union and Britain could be starting to slide into recession.The British economy shrank by 0.2 percent over […]
Tech’s Talent Wars Have Come Back to Bite It
When Stripe, a payments start-up valued at $74 billion, laid off more than 1,000 employees this month, its co-founders blamed themselves. “We overhired for the world we’re in,” they wrote. […]
Jerome Powell Is Popular. His War on Inflation Could Change That.
Jerome H. Powell, who is well liked across the political spectrum, is presiding over the fastest interest rate increases in generations, with another one expected this week. Read More
Inflation in Europe Reaches a Record 10.7% as Officials Face Hard Options
Despite rapid interest rate increases by the European Central Bank, more than half of the 19 eurozone countries see double-digit rises in consumer prices. Read More
US Economy Grew at 2.6% Annual Rate in Q3, GDP Report Shows
Gross domestic product increased 0.6 percent after two quarters of decline, but key components continue to show an economic slowdown. Read More
Another Yield Curve Inversion Rings Recession Alarm Bells
A so-called inverted yield curve between three-month and 10-year interest rates is considered by Wall Street as a reliable sign of an impending economic slump. Read More
Labor Hoarding Could be Good News for the Economy
Employers have been burned by a labor shortage. Will that make them act differently if the economy slows down? Read More
I.M.F. Warns ‘Worst Is Yet to Come’ for World Economy
The International Monetary Fund lowered its growth outlook for 2023 and suggested interest rate increases could spur a harsh global recession. Read More