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
A big sell-off as a downturn next year appears now looks likely to be worse than expected.
A rapid rise in unemployment expected next year as the Fed raises rates to fight inflation.
During an interview with CNN on Wednesday aired on Thursday’s edition of CNN International’s “Amanpour,” International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated that while “we can survive inflation. We even can survive recession.” We can’t survive a “climate crisis”
On Tuesday’s broadcast of CNBC’s “Squawk Box,” New Jersey Gov. Phil Murphy (D) said he believes the prospects of a recession in the next 18 months are 50/50. Co-host Becky Quick asked, “Part of the reasoning behind all of these
National Association of Home Builders CEO Jerry Howard offered up a pessimistic view of the U.S. economy during a Monday appearance on the Fox Business Network.
“Macroeconomic weakness” will drag down profits and revenue, the company said.
On Thursday’s broadcast of the Fox Business Network’s “Mornings with Maria,” Professor of Economics at Harvard University and former International Monetary Fund Chief Economist Ken Rogoff stated that the output growth and labor force numbers show that “we’re in a
On Monday’s broadcast of CNN’s “Situation Room,” CNN Business and Politics Correspondent Vanessa Yurkevich stated that the fall in gas prices is due to declining oil prices which is being caused by “fears of a recession, but also because, over
A prolonged expansion, mostly due to a more resilient consumer and labor market, will mean a more aggressive Fed and a bigger rise in unemployment next year.
The Chinese mega-city of Chengdu extended its week-long coronavirus lockdown on Thursday, trapping some 16 million of the city’s residents in quarantine indefinitely. Many other Chinese cities remain under lockdown or travel restrictions, making prospects grim for this weekend’s Mid-Autumn Festival, which is usually one of China’s biggest travel, tourism, and shopping holidays.
On Tuesday’s broadcast of MSNBC’s “Morning Joe,” Labor Secretary Marty Walsh argued that “we’re going to have to have a real serious conversation in this country about immigration and immigration reform” in order to address the shortage of workers which
In inflation adjusted terms, single-family home construction spending is probably down by twenty percent or more.
Appearing Wednesday on the Fox News Channel, Brian Brenberg, who serves as an Executive Vice President and Associate Professor of Business at King’s College said the United States is sitting on “the brink of a deeper recession.”
The looming recession set to befall the United Kingdom by the winter will last until at least 2024, according to analysts at Goldman Sachs.
A solid majority of Americans think we are in a recession, but that consensus conceals some deep divides divide on the economy.
Most Americans say we are in a recession. But among those who say we are not, fewer think we’re on the brink of a recession.
Dollar Tree and Dollar General have reported higher second-quarter sales as crippling inflation pushed shoppers towards cheaper options.
Ren Zhengfei, the influential founder of Chinese telecom giant Huawei, warned of a “very painful” decade to come in an internal company memo leaked to the media this week, becoming a viral sensation on China’s heavily policed Internet.
Breitbart Economics Editor John Carney breaks down Joe Biden’s student loan move, California’s plan to ban the internal combustion engine, the globalists’ plan for all of us to eat bugs, and much more.
Breitbart News editor-in-chief Alex Marlow on Wednesday addressed the lurch towards a global recession.
On Tuesday’s broadcast of “CNN Newsroom,” Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget Marc Goldwein stated that canceling student loan debt and extending the pause on loan payments will wipe out any deficit
The idea that the U.S. economy may be in a recession got a boost on Tuesday from the S&P Global survey of purchasing managers.
S&P Global’s PMI indicates a second month of contraction driven by a steep drop in services sector demand.
There was good news for Jerome Powell in the National Association of Business Economist survey released Monday: the Fed’s policy has become a lot more popular.
73 percent of economists are not confident that the Fed can bring inflation down without trigger a recession.
An acceleration of the economy may mean the Fed will have to push harder on the braikes.
Leading economic indicators point to an economy not growing in the third quarter and probably headed for a recession.
On Tuesday’s broadcast of Bloomberg’s “Balance of Power,” White House National Economic Council Director Brian Deese stated that the declining housing market is “the intended result of the Fed’s tightening efforts.” Host David Westin asked, [relevant exchange begins around 17:05]
More than one-third of Biden voters say the economy is already in a recession.
Homebuilder sentiment weakened for the eighth straight month, falling into negative territory for the first time since the pandemic first hit.
We regret to inform you that the recession is back on.
Alfredo Ortiz of Job Creators Network writes in FoxBusiness that the so-called Inflation Reduction Act promises to create particular hardships for small businesses and should be blocked by moderate, vulnerable House Democrats.
On Wednesday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that the July inflation numbers were “pretty good” but
Germany’s dependence on China — now its largest trading partner — makes it incredibly vulnerable to a future east-west trade war.
On Monday’s “CNN Newsroom,” CNN Business Reporter Matt Egan stated that the decline in gas prices is “happening for a lot of reasons,” but “not all of them are good.” And that two of the factors are “Recession fears” that have
Republican senators have warned that Democrats will “pay the price” for passing the $700 billion “Inflation Reduction” bill.
Trump-endorsed Republican nominee for Pennsylvania’s Eighth Congressional District Jim Bognet told SiriusXM’s Breitbart News Saturday this weekend that his opponent, Democrat Rep. Matt Cartwright (PA), is a “typical liberal” for not paying his own taxes but wanting to raise them for everyone else.
Most voters say their financial situation is actively “getting worse” under President Biden’s leadership, a recent Harvard-Harris survey found.
House Republicans are demanding answers from The Poynter Institute, one of the nation’s most impactful “fact-checkers,” over President Joe Biden’s definition of a “recession,” according to a letter exclusively obtained by Breitbart News.
