The Latest Breaking News from Recession

Big U.S. banks' strong capital levels equip them to continue lending to households and businesses during a severe recession, the Federal Reserve has revealed.

Stocks rose in Asia on Friday following another rally on Wall Street as investors try to process central bank moves to fight soaring inflation with the growing possibility that those measures will induce a recession. Global markets have been thrown into turmoil for months by a perfect storm of crises…

As if their job weren’t hard enough at a time of raging inflation, Chair Jerome Powell and his Federal Reserve colleagues have to do more these days than decide just how much to raise interest rates without triggering a recession

The fate of the housing boom is on the minds of both homeowners and homebuyers these days. Will record home values lead to a crash reminiscent of the one that made the Great Recession so painful? Or will prices simply take a breather from their torrid pace of appreciation?

Powell thinks rate hikes alone will not slow down gas prices

The major stock market indexes have tumbled over fears of aggressive interest rate hikes by the Fed to control the multi-decade high inflation and an imminent recession. This market correction has led to shares of many economically-vital companies losing significantly. Shell (SHEL), Cheniere Energy (LNG), QUALCOMM (QCOM), AT&T (T), and…

Federal Reserve chair Jerome Powell has acknowledged that steep interest rate hikes could tip the US economy into recession.

Business confidence slumps to level that typically signals imminent recession, warns economist

During the Great Recession a decade ago, El Monte was in danger of losing much of the ground it had gained.