The Latest Breaking News from the Great Recession

From 9/11 to the COVID-19 pandemic, crisis moments keep reshaping the political landscape.

James Gorman's history of strategic leadership is now being leveraged to select the next CEO of Disney.

Discover the impact of Black Swan events like the Great Recession and COVID-19 on our lives. Unveil their power to reshape the course of history.

In the years since the Great Recession, when housing prices dramatically fell, Wall Street investors have been buying large numbers of single-family homes to use as rentals. As of 2022, big investment firms owned nearly 600,000 such properties nationwide.

Michael Burry was worth around $1.2 billion in April of 2023, having built much of his wealth shorting tech companies during the dot-com bubble and later shorting the mortgage market before its collapse in 2007 prior to the Great Recession.

DETROIT — Rob Pacheco estimates that he brought home more money 20 years ago than he does today because of concessions autoworkers made to help save the U.S. auto industry during the Great Recession.

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally started slowing in late 2022. Mortgage companies engaged in mass layoffs, real estate economists lamented a “housing recession” and home prices seemed poised for a correction.

Auto loan delinquency reached record highs in Q1 2023, with the increase primarily coming from the subprime tier.

Robert and Gail are just getting a handle on their finances after graduating into the Great Recession over a decade ago. But cracks are beginning to show.