Homeowners in markets that boomed when the real estate sector was red-hot during the COVID-19 pandemic are now forced to slash prices due to dwindling demand, according to data released … Read More
The Federal Reserve is causing “confusion” among investors by avoiding a clear declaration that unemployment is likely to rise during its fight against inflation, according to ex-Treasury Secretary Larry Summers. … Read More
Bank of America CEO Brian Moynihan slammed the Biden administration over its fixation about whether or not we are in an economic recession. Moynihan, the leader of one of the … Read More
ABC News anchor Jon Karl pressed top White House spokesperson Karine Jean-Pierre on Sunday over whether it was “Orwellian” to refer to a Democrat-backed spending bill as the “Inflation Reduction … Read More
Author Malcolm Gladwell thinks that remote work is hurting society and that a recession will likely drive employees who are “sitting in their pajamas” back into the office. The bestselling … Read More
NEW YORK — Prices for gas, food and rent are soaring. The Federal Reserve has raised interest rates to the highest level since 2018. The U.S. economy has shrunk for two straight quarters. Economists … Read More
The U.S. Justice Department will ask a federal judge on Monday to block a $2.2-billion merger of two of the “Big Five” book publishers — Penguin Random House and Simon & Schuster — in a … Read More
A prominent economist has revealed that Facebook placed a fact-checking label on a post asserting that the US has entered a recession, giving it a “partly false” rating as President … Read More
Born in poverty in 1836, Jay Gould became one of the richest men in Gilded Age America but had few admirers. This was mostly because the Wall Street financier would do … Read More
Mayor Eric Adams declared the US has entered into a recession and “Wall Street is collapsing” – contradicting President Joe Biden’s claims that the nation is doing fine earlier Thursday. … Read More
