Bed Bath & Beyond bankruptcy could happen ‘this month’
Bed Bath & Beyond is expected to file bankruptcy in early 2023 amid slumping sales and weakening demand
US job growth cools slightly in December as economy adds 223,000 new positions
The Labor Department's December jobs report provided a key snapshot of the labor market's health amid growing fears the U.S. is headed for a recession.
Most businesses expect 2023 recession: JPMorgan survey
A majority of small and midsize businesses in the U.S. told JP Morgan Chase in a recent survey they expect a recession this year as inflation continues to rage.
Fed officials expect to keep interest rates elevated for 'some time,' minutes show
Minutes from the Federal Reserve's December meeting show that policymakers expect to continue raising rates in 2023 – and keep them elevated for "some time."
Elon Musk taps first right hand as possible successor: Tom Zhu
Global news reports say Elon Musk has picked his successor at Tesla: Tom Zhu Xiaotong, vice president in charge of the Asia-Pacific, amid criticism Musk has been distracted since acquiring Twitter.
Silver and gold poised to shine in 2023
With inflation, recession and a volatile stock market expected to remain big themes this year, precious metals are poised to shine in 2023, say experts. Gold and silver, hedges to inflation and uncertainty, could push gold to a record $2,100+ an ounce, while silver may approach $38 an ounce, a nearly 50% jump.
US headed for recession and another inflation spike in 2023, famed investor Michael Burry says
The U.S. economy is likely poised to tumble into a recession and experience another inflation surge in 2023, according to hedge fund investor Michael Burry.
53% of consumers planning on New Year's resolutions intend to set financially-focused ones: survey
Many consumers planning to set goals for the new year intend to make financially-focused ones, according to a survey released on Tuesday by Numerator.
S&P 500 wraps worst year since 2008
The S&P 500 is on target to post its worst annual performance since 2008, while energy sector posts record year
Laid off Tech workers quickly find new jobs
Tech workers laid off by Meta Platforms, Google, and Twitter are finding new jobs at a record pace. Layoffs offered severance helping workers develop new skills.
Tesla used car price bubble pops, weighs on new car demand
As more car companies start to produce EVs, Tesla's competitive advantage has dwindled. Tesla's production capacity means that buyers no longer wait months for delivery.
New year's financial resolutions: Americans plan to take caution in 2023
New Year’s financial resolutions include saving more money and paying down debt, according to a survey by Fidelity Investments. Here’s how to keep your finances on track in 2023.
Most 'recession-proof' jobs in 2022
Payscale recently put out a report identifying what it called the most "recession-proof" jobs this year, all of which it said saw double-digit increases in pay, including waiter/waitress, banker and media director
Santa Claus rally, FTX fallout, and restart of Keystone top week ahead
The unravelling of FTX founder Sam Bankman-Fried's crypto empire, Boeing's safety exemption, the housing market, and bids to refill the Strategic Petroleum Reserve (SPR) with oil are driving markets.
Economic index falls for ninth straight month, flashing recession warning
The Conference Board's Leading Economic Indicators index fell for the ninth straight month, signaling that a recession is looming on the horizon in the U.S.
Blue-chip stocks plummet, pulling Dow lower as Grinch makes home on Wall Street
The Dow Jones Industrial Average is down Thursday as some of the indices’ key stocks nosedive
US economic growth revised up to 3.2% in third quarter in show of resiliency
The U.S. economy expanded in the third quarter after shrinking in the first half of the year, but economists remain worried about a recession in 2023.
Is the US economy headed for a recession in 2023? Majority of economists say yes
The Federal Reserve is likely to tip the U.S. economy into a recession with its aggressive interest rate hike campaign, according to a survey of economists.
Stock market worries, crypto fallout, and doubts of a Santa Claus rally top week ahead
Federal Reserve interest rate hikes, SBF's trial, crypto winter, high inflation, a looming recession, and crime killing retail come like coal in one's stocking.
Bonds give recession signals
Signals in the investment-grade corporate bond market suggest a recession, says market expert Adam Kobeissi, who expects continued jobs cuts and bond issuance.