Recession

Former Treasury Secretary Larry Summers said in a Bloomberg interview posted Wednesday that the "situation does look a bit better" for the U.S. economy.

Americans pulled back on spending at restaurants, bars and other retail stores in December as they confronted high inflation and rising interest rates.

If Congress fails to raise the roughly $31.4 trillion federal debt limit by June, it could trigger a "self-inflicted" recession and "severe" market pain.

Fresh data showing inflation eased in December means the Federal Reserve may start slowing down its rate increases, with traders actually pricing in a cut later this year.

Investors' allocation to U.S. stocks tumbled in January to the lowest level since 2005, according to a new Bank of America survey published on Tuesday.

Many chief economists had somber predictions about whether the global economy would fall into a recession in 2023, according to a World Economic Forum survey.

A new trend known as "quiet hiring" has divided business leaders and HR pros, with some arguing that it will help workers negotiate for higher pay and benefits.

Crypto.com cuts hundreds of workers in the wake of rival FTX's collapse. A lack of faith in future cryptocurrency markets has sent valuations tumbling.

BlackRock CEO Larry Fink weighed in on the probability of a recession and the risk of the U.S. government defaulting on its debt on "The Claman Countdown."

The U.S. economy is likely headed for a recession in 2023, according to Bank of America CEO Brian Moynihan, who is preparing for a mild downturn this year.

A group of around two dozen athletes, including Cincinnati Bengals quarterback Joe Burrow and Milwaukee Bucks small forward Khris Middleton, have acquired a northern Iowa farm.

The CPI likely remained painfully high in December as inflation remains near a 40-year high, continuing to inflict financial pain on millions of Americans.

The World Economic Forum is set to hold its annual meeting next week in the Swiss Alps resort town of Davos, where business and political elites will gather.

BlackRock’s Chief Investment Officer of Global Fixed Income Rick Rieder sat down with FOX Business on Monday to discuss the likelihood of interest rate hikes from the U.S. Federal Reserve in 2023

Rising prices and higher borrowing costs have led consumers and businesses to curb spending, and since banks serve as economic middlemen, their profits decline when activity slows.

Fed Chairman Jerome Powell on Tuesday said that raising interest rates to slow the economy and cool high inflation can prove to be politically unpopular.

In the age of remote work and with the return of labor unions and vocal workers, executives juggle how to best layoff workers amidst the predicted recession,

Forbes Media CEO Steve Forbes warns of the likely possibility of a "richcession" creating "rough economic times" and "turbulence" ahead for wealthy Americans.

U.S. households are becoming more optimistic about inflation, with consumers seeing prices falling to 5% one year from now, the lowest level since July 2021.

Stocks rallied on Friday as the Dow Jones Industrial Average jumped over 700 points during trading as sluggish technology stocks boosted the Nasdaq Composite and U.S. Tech 100.