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4 mins read
With stock markets crashing worldwide, are fears of a recession loading in the US pre-mature?
Even Goldman Sachs economists have upped the probability of recession hitting the US by 2025 to 25%…
2 mins read
What can you expect from the US Fed meeting later this week? Here's all you need to know
The US Federal Reserve is widely expected to cut interest rates by 0.25% on Thursday, following a l…
3 mins read
2 under-the-radar recession signals are flashing red this month, research firm says
BCA's Peter Berezin said that low-key data points in the labor market are clouding the view that th…
Kelly Cloonan
2 mins read
Surging US unemployment has triggered a recession indicator with a perfect track record
While the so-called Sahm Rule indicator, which has been remarkably accurate throughout history, has…
Matthew Fox
2 mins read
‘Was unemployed for months, lost my lease and insurance’: Indian-origin engineer gets offer from Elon Musk’s Tesla, shares journey
An Indian-origin engineer in the U.S. shares his journey of securing a job at Tesla after sending 5…
2 mins read
Stock market today: US indexes extend plunge after surprise unemployment spike and jobs miss
Capital Economics said the weak July jobs report could lead to a surprise interest rate cut from th…
Matthew Fox
3 mins read
The US economy added more jobs than expected last month as unemployment surprisingly rose
The economy added 206,000 jobs in June, above the forecast. The US unemployment rate is unexpectedl…
Madison Hoff
7 mins read
America is on the brink of an unemployment fiasco
The number of unemployed Americans keeps rising. To keep the US job market from getting worse, the …
Neil Dutta
2 mins read
The unemployment rate slid as expected in August after a surprise increase the prior month
August's jobs report is a critical signal of the chances of a coming recession.
Madison Hoff
2 mins read
The US economy is headed into a corporate bankruptcy cycle that will spike unemployment, veteran forecaster says
Large bankruptcies are on track to surpass their peak during the pandemic, according to Danielle Di…
Jennifer Sor
2 mins read
Americans running out of unemployment benefits and part-time jobs at record levels point to a recession coming, economist says
Part-time gig workers are making the job market appear stronger than it actually is, according to D…
Jennifer Sor
3 mins read
The US presidential election is 2 days away. Here's where things stand.
With Election Day days away, Harris and Trump are making their final appeals to voters in what cou…
John L. Dorman
2 mins read
The US added very few jobs in October after hurricanes and strikes shook the economy
The final jobs report before the presidential election showed October's job growth was less than th…
Madison Hoff
2 mins read
Unemployment unexpectedly rose in July as pressure ramps up for the Fed to cut interest rates
July's job growth was 114,000, less than the expected 176,000. The unemployment rate also increased…
Madison Hoff
3 mins read
Trump is taking his message to the heart of some of the bluest cities in the US. Here's why.
Trump over the past year has polled more strongly with minority voters compared to 2020, which coul…
John L. Dorman
7 mins read
A battle over the future of US retirement is playing out in Pennsylvania as the election looms
Pennsylvania is among the top states with the fastest-growing older population. It sets the stage f…
Ayelet Sheffey
2 mins read
US stocks rally as big jobs-report miss fuels rate-cut hopes, Amazon soars
The weak jobs data was driven by hurricanes and labor strikes. Investors were encouraged that the r…
Matthew Fox
1 min read
7 Democrats who could replace Biden if he drops his 2024 reelection bid
Biden's age has become a cause of concern among many voters, including some who are inclined to bac…
John L. Dorman
2 mins read
3 reasons why rising unemployment isn't signaling a recession, Goldman says
The Fed still has significant ammunition to cut interest rates and stimulate the economy if unemplo…
Matthew Fox
2 mins read
Stocks might 'go nowhere' for the rest of this year amid Fed uncertainty and US debt concerns, market vet says
The S&P 500 will get stuck around 5,800 for the rest of the year as rate cuts disappoint and concer…