Recession

Shares are down for PacWest after subsidiary Pacific Western Bank said deposits are stable after receiving 1.4 billion from investment firm Atlas SP Partners.

Home Depot co-founder and billionaire entrepreneur Ken Langone goes on a rampage over the Federal Reserve's "painful" inflation response, and explains why the board should resign.

The Federal Reserve’s interest rate hike strategy has inadvertently caused a banking crisis as elevated interest rates slow bank loans.

The market's bubble has now "burst," and will impact "everything everywhere all at once" in the U.S. economy, economists Stephanie Pomboy and Art Laffer argue.

Amid inflationary pressures and a weakened U.S. dollar, experts predict Wall Street will gravitate towards material wealth in precious metals like gold and silver, sending both to record highs in 2023.

More than half of Americans fear a recession is coming in 2023. Here’s how to manage your finances in any economy.

Americans amassed major savings during the height of the pandemic, but they may deplete more than half of it by the end of 2023, a Goldman Sachs estimate forecasted.

Billionaire investor Bill Ackman said that the U.S. government needs to take serious action to prevent the financial ruin of other banks amid the failure of Silicon Valley Bank.

Half of Americans say they are worse off financially than they were a year ago, according to a new poll. Here’s how to manage your budget in any economy.

Campbell Soup Company delivers on quarterly earnings and beats Wall Street expectations on 2023 guidance despite ongoing inflation and threat of recession.

There are still far more job openings than there were before the pandemic giving the Federal Reserve an opening to attack inflation with steeper rate hikes.

Larry Summers on Monday offered his 'best guess' of how high the Federal Reserve will hike interest rates and said there could potentially be a recession.

Inflation and a slowdown in international demand threaten US manufacturing base. A looming recession and weaker manufacturing data has experts worried.

Inaugural CFO survey conducted by Coupa, a cloud based spend management platform, found education sector was most susceptible to layoffs in 2023 in the event of recession.

U.S. grocer Kroger reported upbeat earnings and an optimistic 2023 outlook on Thursday after raising prices due to inflation, surprising Wall Street analysts.

Anheuser-Busch InBev, the maker of Budweiser, Bud Light, Bud Seltzer, Michelob Ultra and Stella Artois, is struggling to maintain sales as inflation bites.

Macy’s beat Wall Street analysts’ predictions for sales and revenue over the fourth quarter and full year 2022.

The U.S. economy will likely tumble into a recession this year as a result of the Fed's aggressive war against high inflation, according to new research.

Minutes from the Federal Reserve's January meeting show that officials expect to continue raising rates in 2023 – and keep them elevated for "some time."

The Intel Corp.’s board of directors announced the reduction of its quarterly dividend to $0.125 per share of the company’s common stock due to macroeconomic uncertainty.