Recession

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.

McDonald’s says its brand is strong, but its business has grown increasingly complex in recent years, it hired McKinsey to help streamline it's management structure.

In a company announcement on Thursday, Charles Schwab, a financial services and brokerage firm, said it netted $53B in assets in March to reach the second-highest mark in company history.

JPMorgan Chase CEO Jamie Dimon said that turmoil within the banking system has raised the odds that the U.S. economy tumbles into a recession this year.

According to SEC filing, advisers of the Miller Value Partners Appreciation ETF say the fund has an above-average probability to outperform the S&P 500 over a multi-year time horizon.

Amid a banking crisis and the hawkish Fed strategy to raise interest rates and cool inflation, the U.S. dollar is predicted to weaken further in 2023.

Small businesses could soon see lines of credit canceled from banks as the global banking crises, inflationary pressures and rising interest rates slow commercial lending.

GDP increased at an annual rate of 2.6% in the fourth quarter of 2022 after rising 3.2% in the third quarter, according to the final estimate from the BEA.

After rising interest rates and fear of a recession mounted in 2022, Wall Street bonuses fell 26%.

Home prices and mortgage rates could drop through 2023, according to a survey of economists by Zillow. But economic uncertainty and recession fears remain.

A survey from the Conference Board on Tuesday showed the Consumer Confidence Index went up in March, rising to 104.2 from 103.4 in February.