The U.S. is officially in a recession, bringing an end to a historic 128 months of economic growth, after the coronavirus pandemic swept the country […]
Tag: recession
So, we’re officially in a recession. Market response? Dow rises, S&P erases losses, Nasdaq hits record high
Wall Street soared on Monday, brushing aside the news that the U.S. has officially entered a recession. The Dow Jones Industrial Average ended the day […]
Automakers got a bailout after the last recession, what’s their strategy this time around?
The beginning of a new month traditionally sees a burst of new vehicle sales data from automakers. This year, however, only a handful have released […]
U.S. jobless claims reach 26 million since coronavirus hit, wiping out all gains since 2008 recession
Another 4.4 million Americans filed for initial jobless claims last week, revealing that at least 26 million people have requested unemployment benefits since the outbreak […]
Are we headed for a recession or a depression? And what’s the difference?
In recent days, some prominent economists have pondered the idea that the current economic shock brought on by shutdown of large swaths of the U.S. […]
Coronavirus could ‘decimate’ Latino wealth, which was hammered by the Great Recession
Octavia Nieto worked for over 10 years as a pastry chef at a bakery in Princeton, New Jersey. Now with the business closed indefinitely, she […]
‘We may well be in a recession’
Federal Reserve Chairman Jerome Powell acknowledged that the coronavirus pandemic is putting unprecedented strain on the U.S. economy but said, “there can be a good […]
A dozen years after the 2008 recession, a different kind of debt threatens the world economy
The coronavirus is threatening the global economy and financial markets. But so is another, less obvious peril — the mountain of risky debt issued by […]