Recession

The Federal Reserve is expected to hike interest rates for the 10th time amid signs the economy is slowing and once red-hot inflation is starting to cool.

New Biden administration mortgage rules that could result in highly qualified borrowers scores paying higher fees is drawing comparisons to the 2008 financial crisis.

Berkshire Hathaway’s Charlie Munger said on Monday that a storm is brewing in commercial property market, as property prices fall and banks deal with bad loans.

The Treasury Department said Monday that the deposits of former customers at collapsed First Republic Bank are safe because the banking system remains sound and resilient.

The workforce reductions are in addition to the 2,500 manufacturing jobs the company said it would eliminate in January. 3M had 92,000 employees at the end of 2022.

McDonald's customers kept at it last quarter despite inflation and higher prices at the fast food giant.

Americans are optimistic about their financial prosperity, and 79% are confident they will achieve it within the next decade, according to a Santander survey.

Tesla single stock exchange-traded funds (ETFs) are becoming popular for investors in the volatile stock after being introduced on Wall Street in July 2022.

Deloitte says it’s taking personnel actions where necessary and is reportedly cutting 1,200 jobs

Major private equity firms including Apollo and Blackstone are struggling to fundraise as easy money dries up and REITs begin to crumble.

The Federal Reserve's own staff are predicting a "mild" recession this year, but that could still mean plenty of pain for the stock and labor markets.

Bank of America CEO Brian Moynihan said during the bank's quarterly earnings call that a "mild" recession is likely to hit the economy later this year.

The banking industry in the U.S. was thrown into turmoil last month as bank failures dented investor confidence, pressuring both stock and bond markets.

Best Buy has made a string of store-level job cuts over the past two years as competition from online retailers has continued to erode sales in its physical stores.

During JPMorgan Chase's first quarter earnings call Friday, JPMorgan Chase CEO Jamie Dimon said he would not refer to potential of banks stopping lending as a credit crunch.

Tesla CEO and Twitter chief Elon Musk said Thursday the U.S. economy faces "tough sledding" over the next year amid growing expectations of a recession.

A note from bank strategist Jill Carey Hall says Bank of America clients sold roughly $2.3 billion in U.S. equities last week.

Bitcoin is at its highest level in 10 months breaching the $30,000 marker ahead of Wednesday’s March consumer price index (CPI) data from the Labor Department and subsequent response from the U.S. Federal Reserve

Ahead of BlackRock, Citigroup, JPMorgan Chase, PNC Financial and Wells Fargo reporting earnings on Friday, finance pros have concerns up and down the balance sheet.

Audit firm KPMG LLP flagged potential losses on loans as a critical matter for Silicon Valley Financial but missed the inherent bond losses and unreliable deposits that took the financial institution down, the Wall Street Journal reported.