The Latest Breaking News from the Great Recession

From the new book "Selling Sexy: Victoria’s Secret and the Unraveling of an American icon."

“I've seen a couple of these deals that were rated by a rating agency and, I have to confess, it shocked me what they got rated,” the JPMorgan CEO said.

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.

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.

The student loan pause was the first break for millennials since they graduated into the Great Recession. Now, they're bracing for payments to restart.

The new rates will apply to loans taken out from July 1, 2023, through June 2024. They could mean paying thousands of dollars more in interest.

When economists come to write the history of the first half of the 21st century, after combing through the Great Recession, the rise of China and the Covid-19 pandemic, I wonder how they’ll reflect on what is still, at least to us, the future of work. And specifically, worklessness.