Chinese customs data for October released on Monday revealed a surprisingly steep drop in both imports and exports, the latter contracting for the first time since the early days of the Wuhan coronavirus pandemic in 2020.
The Bank of England predicted the UK will experience the longest recession in recorded history on Thursday as it raised interest rates again.
Over one-third (37 percent) of small businesses could not pay their rent in full or on time in October.
On Monday’s broadcast of CNN’s “Early Start,” Moody’s Analytics Chief Economist Mark Zandi said that we have “a long way to go to get back to anything anyone would feel comfortable with” on inflation, stated that even if the economy
During the “Overtime” segment on Friday’s broadcast of HBO’s “Real Time,” host Bill Maher said that the prospects of avoiding a recession don’t look good and pointed out that people were already losing “a lot of money” in the market.
Yesterday’s report on third-quarter gross domestic product included a seemingly hopeful bit of data on business investment. Unfortunately, it was probably just another head fake.
During portions of an interview with CNN aired on Thursday’s broadcast of “OutFront,” Treasury Secretary Janet Yellen stated that she doesn’t see indications of a recession in the American economy right now, the Biden administration isn’t getting credit for economic
On Thursday’s broadcast of NBC’s “MTP Now,” CNBC Economics Editor Jeff Cox stated that if you took out the unsustainably high rise in exports, the third quarter GDP would have been negative and most economists believe that by “early or
The specter of a coming economic slump haunts the return to growth shown in U.S. economic data for the third quarter.
The economy very likely grew in the third quarter, but that growth will not last.
Officials from Ukraine are looking to get the EU taxpayers to bankroll them to the tune of $2 billion dollars every month.
On Tuesday’s broadcast of the Fox Business Network’s “Fox Business Tonight,” Professor of Economics at Harvard University and former International Monetary Fund Chief Economist Ken Rogoff stated that Democrats “spent too much too late” after the coronavirus pandemic and that’s
We got more evidence on Tuesday that we are headed for at least a bout of recessionary stagflation.
The third regional Fed report suggesting stagflation.
During an interview with NBC News on Monday broadcast on Monday’s edition of MSNBC’s “The 11th Hour,” Treasury Secretary Janet Yellen said she can’t rule out the possibility of a recession, there is a path to reducing inflation while still
During an interview with NBC News on Monday broadcast on Monday’s edition of MSNBC’s “The 11th Hour,” Treasury Secretary Janet Yellen argued that many companies are struggling because “there’s been a shift in the global economy” and many companies sell
Instead of trying to stave off a downturn, the Biden administration appears to be trying to pre-blame Republicans for it.
Biden claims the economy is stronger than it was prepademic. Not many Americans agree.
Are we too optimistic about the U.S. economy?
China’s state-run Global Times on Thursday bemoaned the collapse of demand from Western countries for “festive products for coming Halloween,” while taking some solace in brisk orders for “Christmas consumption.”
Joe Biden says the economy is “strong as Hell.” Most Americans disagree.
Colombia’s far-left President Gustavo Petro accused the United States on Wednesday of “ruining all the economies of the world,” deflecting blame as Colombia, whose economy is currently at risk of entering a recession, faces the worst decline in the value of the country’s peso currency and the highest annual inflation rate in over two decades.
The Biden economic slump is coming on even faster than thought, according to the Leading Economic Index from the Conference Board.
A very stagflationary report from the Federal Reserve Bank of Philadelphia.
Appearing Tuesday on the Fox Business Network, former Chrysler CEO Robert Nardelli warned Americans to brace for a recession.
The probability of a 2023 recession has reached 60 percent, up 10 points since September, according to a Bloomberg monthly survey of economists.
On Friday’s broadcast of the Fox Business Network’s “Fox Business Tonight,” Rep. Emanuel Cleaver (D-MO) said that “once we get out of this recession,” “we need to smooth out our spending and try to deal with our deficits and our
On Thursday’s broadcast of CNBC’s “TechCheck,” White House Council of Economic Advisers Chair Cecilia Rouse responded to a question on whether she thinks we could have a recession that is larger than the “slight” recession that President Joe Biden sees
During an interview with Newsmax TV on Wednesday, Rep. and U.S. Senate candidate Markwayne Mullin (R-OK) reacted to the Biden administration denying that a recession is looming by pointing out that the Biden administration repeatedly claimed they listened to experts
Monica Crowley said the “economic collapse” of America is being brought on “by design” as a pretext to impose a “collectivist neo-Marxist vision.”
On Wednesday’s broadcast of CNN’s “Inside Politics,” Washington Post columnist, CNN Commentator, and “PBS NewsHour” Special Correspondent Catherine Rampell stated that people should prepare for a recession, and, despite the fact that governments should as well, “I have seen no evidence that
During an interview with CNN aired on Tuesday’s edition of “CNN Tonight,” President Joe Biden said people shouldn’t prepare for a recession because people who are predicting one have been saying so “every six months” and he doesn’t believe there
During an interview with CNBC released on Tuesday, Treasury Secretary Janet Yellen stated that she thinks the United States economy “is doing very well” even though inflation “is too high.” And responded to JP Morgan Chase CEO Jamie Dimon’s prediction
Allianz Chief Economic Adviser Mohamed El-Erian stated Sunday that he believes core inflation will continue to rise but expects headline inflation to come down.
During a portion of an interview with CNBC released on Monday, JPMorgan Chase CEO Jamie Dimon stated that he believes that the U.S. is “likely” to enter a recession “six, nine months from now.” Dimon said, “I think you’ve got
Senator Ted Cruz (R-TX) said Friday on Fox Business Network’s “Kudlow” that everything President Joe Biden touches “has gone to garbage.”I
Inflation, strains on food and energy supplies, war in the Ukraine, rising jobless numbers alongside risks of a global recession: these are just a few of the factors making up a “new normal” cited by International Monetary Fund (IMF) Director Kristalina Georgieva on Thursday as darkening the outlook for the world’s economy.
American CEO’s do not have a positive outlook on the economy, according to a recent KPMG survey.
On Friday’s broadcast of MSNBC’s “Way Too Early,” CNBC International Financial Journalist Arabile Gumede said that the revised GDP numbers show that the U.S. economy is in a recession according to the technical definition, and that while some people dispute
On Thursday’s broadcast of CNBC’s “Squawk Box,” Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on
