Recession

American banks increased reserves to prepare for potential defaults on credit card debt, student loans, and other personal loans to prepare in case of a recession.

The share of monthly income Americans set aside for savings was 3.4% in December, down from 7.5% a year earlier and from a record high in April 2020.

Shares of online used car dealer Carvana are up in trading as the supply in used car strengthens and the prices of new cars remain at all time highs.

Piper Sandler chief global economist Nancy Lazar warns people are too focused on a recession that feels like 2008, when it's more similar to volatility in 1973-74.

The fourth-quarter GDP report shows the U.S. economy finished the year on relatively strong footing, despite high inflation and rising interest rates.

White House press secretary Karine Jean-Pierre responds to FOX Business' question on recession fears by touting the economy is "building back up" and "growing."

The markets will react on Thursday to the first reading on how the U.S. economy performed in the fourth quarter.

German economy will avoid recession if trends continue. Germany's manufacturing base relied heavily on Russian natural gas that stopped flowing when Russia invaded Ukraine.

The U.S. is seeing continued skyrocketing interest rates and declining housing prices, and Goldman Sachs expects home values in 2023 to reach that of the 2008 housing crisis.

Outspoken economist Peter Schiff of Euro Pacific Capital shares his warnings with FOX Business on the debt ceiling and addresses why inflation is not really easing.

3M, the maker of Scotch Tape and Post It Notes, will reduce 2,500 jobs at locations around the world due to macroeconomic uncertainty.

Corporate taxes are rising this year, with the increases likely to cost U.S. businesses about $115 billion even amid an increasingly dark economic outlook.

More American companies expect a decline in payrolls this year as the U.S. economy heads into a possible recession triggered by Fed interest rate hikes.

Precious metals expert predicts gold and silver will rise in 2023 as government spending results in increased inflation and U.S. hits debt ceiling.

The U.S. economy will probably see more job cuts in coming months after a wave of layoffs at Big Tech companies including Google, Microsoft and Twitter.

Brian Wesbury says he's 'not bullish anymore' on the economy as he forecasts a recession following the federal government's response to the COVID pandemic.

The Federal Reserve needs to remain steadfast in its fight against inflation or risk plunging the economy into a 1970s-style crisis, Larry Summers said.

Executives at the World Economic Forum in Davos, Switzerland, said they needed new tech to help trim costs, increase profitability, and improve efficiency.

The Securities and Exchange Commission is not a fan of ETFs that hold just a single stock, but they may have benefits for certain investors.

The Federal Reserve's Beige Book, which monitors businesses' sentiments, is full of pessimistic outlooks on the economy driven by high inflation and slow growth.