Recession

The World Bank warned in a new report Thursday that the global economy could be careening toward a recession as central banks raise interest rates higher.

Tuesday Morning Corp. landed a $35 million financing deal from the company that controls Pier 1 Imports in a move that will strengthen the retailer’s balance sheet.

The U.S. economy is likely headed for a recession as the Federal Reserve raises interest rates at the fastest pace in decades, according to Bank of America strategists.

Last week, fewer Americans filed for unemployment benefits than the previous week. This comes during an ongoing national debate on whether the U.S. is heading towards a recession.

The Commerce Department said in its second reading of second-quarter GDP data on Thursday that the economy shrank less than was initially reported in the spring.

The U.S. economy entered a technical recession in the second quarter of the year, which could spell financial trouble for millions of Americans as inflation rages.

Nearly half of Americans surveyed by Bankrate said they are spending less on discretionary items as they prepare for the possibility of a full-blown recession by the end of 2023.

A majority of economists think the Federal Reserve will trigger a recession with its war on inflation, with a new survey showing 72% have forecasted a downturn next year.

Purchases of new homes in the U.S. fell even more than expected in July as record-high home prices and rising borrowing costs priced buyers out of the market.

The Conference Board's leading economic index dropped for the fifth consecutive month, suggesting the U.S. economy is slowing and could be headed for a recession.

A majority of corporate executives expect the U.S. economy to slide into a recession within the next year as they confront painfully high inflation and a labor shortage.

Companies across the country are preparing to cut jobs or are implementing hiring freezes, a new PwC survey showed, a sign the labor market is starting to soften.

Jobless claims edged down last week to 250,000, but the number of Americans filing for unemployment benefits remains near the highest level recorded in eight months.

Chief Investment Officer for Wealth & Investment Management at Wells Fargo, Darrell Cronk, explained what "matters" as it pertains to yield curve inversions.

Bank of America's new U.S. chief economist has projected that the Federal Reserve will trigger a recession as it hikes interest rates to cool inflation.

Economists are questioning if the U.S. could be in a recession after the most recent employment report showed strength in the job market.

Some of the world's top economists, from former Clinton Treasury Secretary Larry Summers to Minneapolis Federal Reserve President Neel Kashkari, are sounding the alarms on a "soft landing."

A Democratic congressman said during a House Rules Committee markup Wednesday that there was zero inflation last month and the U.S. is not in a recession.

Former Kansas City Federal Reserve President and CEO Thomas Hoenig weighed in on the latest inflation data, which revealed that the pace slowed in July for the first time in months.

The Labor Department is releasing the closely watched consumer price index on Wednesday morning, which is expected to show that inflation slowed but remained high in July.