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2 mins read

Recession will strike this year with 21 states flashing red already, top economist says

When unemployment jumps in nearly half of US states, a recession almost always follows, Piper Sandl…

Theron Mohamed   


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2 mins read

Jennifer Sor   


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The Fed likely won't cut rates until after a recession strikes, research firm says

The Fed is making a big mistake by not cutting interest rates right now, according to GlobalData TS…

Matthew Fox   


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2 mins read

The US expands sanctions against Russia-friendly institutions as Treasury chief Janet Yellen says the Kremlin is 'desperate' for outside help

The Kremlin is "desperate for access to the outside world," Janet Yellen said, announcing new sanct…

Filip De Mott   


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Lyft's CEO faces pushback after driving for the app and posting about how great it was

Lyft CEO David Risher drove for 90 minutes in Napa Valley, California. On LinkedIn, some commenters…

Alex Bitter   


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A surprise recession could strike after an unexpected jump in the unemployment rate, economist says

"The labor market, contrary to popular opinion, is contracting," famed economist David Rosenberg wa…

Matthew Fox   


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Recession is coming and a raft of companies will fail, warns elite investor Jeffrey Gundlach

DoubleLine's Jeffrey Gundlach said a recession looks likely as the economy shows cracks, and steep …

Theron Mohamed   


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1 min read

Economists are the most skeptical they've been since 2022 about a recession striking

A new survey showed improving forecasts for GDP and consumer spending, among other things.

Aruni Soni   


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Recession seems almost certain with 19 states in trouble already, expert warns

A top economist, Nancy Lazar, expects stricter bank lending and steeper interest rates to crush gro…

Theron Mohamed   


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Over 500,000 workers went on strike in 2023 — double from last year

Over twice as many workers went on strike in 2023 than in 2022, and an expert says the return of st…

Juliana Kaplan   


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US-made bombs reportedly used in latest Israeli strike on a school in Gaza

Israel said the UN-ran school was a base for Hamas militants, but Palestinian authorities said doze…

Grace Eliza Goodwin   


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2 mins read

Israel strikes Iran, according to multiple reports

Multiple reports say explosions were heard in Iran, and Israel has struck the country.

Sarah Gray,Jake Epstein,Kelsey Vlamis,Lloyd Lee   


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7 mins read

Meet the millennials who made all the right money moves in the pandemic economy and are suddenly wealthy

Millennials' average wealth doubled in the last four years, leaving some surprised to realize that …

Juliana Kaplan   


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Home prices are falling in parts of Florida and Texas as buyers tap out and supply outpaces demand

Home prices fell in five parts of Florida and Texas as buyers balked at high values and steeper mor…

Theron Mohamed   


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8 mins read

Wall Street big shots may be forced to cancel their summer vacations

Forget the Hamptons and put down the rosé: stubborn inflation and stock market volatility are makin…

Linette Lopez   


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3 mins read

A policy that's supposed to create more affordable housing often backfires, leaving cities with higher home prices and rents. There's a way to fix that.

Inclusionary zoning is often so expensive that developers build less housing overall. Making it vol…

Eliza Relman   


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7 mins read

Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty

India is on track to become the world's third-largest economy by 2027, but Narendra Modi faces a pi…

Theron Mohamed   


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3 mins read

The US Navy carrier strike group fighting off Houthi missiles is staying in the Red Sea for now

The Dwight D. Eisenhower Carrier Strike Group had its restless monthslong deployment extended recen…

Jake Epstein   


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2 mins read

Apple staff could go on strike at the first US store to unionize

Employees' concerns include work-life balance, unpredictable scheduling, and wages lower than livin…

Shubhangi Goel   


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Jamie Dimon thinks he knows why people are so gloomy about the economy

The lowest earners have been left out of the economic boom, and it's no wonder they're upset, JPMor…

Theron Mohamed