Recession

US Debt Swells In Battle Against COVID-19 — And Bumps Lie Ahead
US Debt Swells In Battle Against COVID-19 — And Bumps Lie Ahead
June 12, 2020  |  Economy

In girding for battle, it’s critical to stock up on supplies, on weapons. Get the Full Story Complete the form to unlock this article and...

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Economic Research Bureau Says US Is Officially In Recession
Economic Research Bureau Says US Is Officially In Recession
June 08, 2020  |  Economy

If there was any doubt that the U.S. is in a recession, the nation’s scorekeepers made it official on Monday (June 8). Get the Full...

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Moody’s Economist: ‘The COVID-19 Recession Is Over’
Moody’s Economist: ‘The COVID-19 Recession Is Over’
June 03, 2020  |  Economy

While companies cut nearly 2.8 million jobs last month, Mark Zandi, chief economist at Moody’s Analytics, said it was far less than forecast and the...

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Today In Payments: China’s Rebounding Economy Is Likely Not Norm; At Least $20B Of PPP Loans Have Been Canceled
Today In Payments: China’s Rebounding Economy Is Likely Not Norm; At Least $20B Of PPP...
June 01, 2020  |  News

In today’s top news, China’s economy looks to be rebounding, and a minimum of $20 billion in PPP loans has been returned. Plus, lawmakers ask...

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Survey Says Millionaires Cut Spending, Postpone Big-Ticket Purchases
Survey Says Millionaires Cut Spending, Postpone Big-Ticket Purchases
May 28, 2020  |  Economy

A majority of American millionaires say they plan to spend less this summer than in years past, according to a new Second Quarter CNBC Millionaire...

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Demand For New Homes Climbs After Historic Drop
Demand For New Homes Climbs After Historic Drop
May 19, 2020  |  Real Estate

Homebuilder sentiment may be coming out of its worst slump ever, as new data showed confidence improving this month, with one caveat: the Northeast is...

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Goldman: US Unemployment Rate Could Hit 25 Pct
Goldman: US Unemployment Rate Could Hit 25 Pct
May 14, 2020  |  Economy

Goldman Sachs’ forecast for the nation’s unemployment rate rose by 10 percent, as the bank now predicts at least a 25 percent unemployment rate due...

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Mnuchin: Not Reopening Risks Irreversible Economic Damage
Mnuchin: Not Reopening Risks Irreversible Economic Damage
May 10, 2020  |  Economy

The U.S. still hasn’t seen its highest level of unemployment due to the global coronavirus pandemic, but the economy will turn around, Treasury Secretary Steven...

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Economists Warn Recession Recovery Will Be Slow
Economists Warn Recession Recovery Will Be Slow
April 30, 2020  |  Economy

The coronavirus pandemic has triggered the biggest drop in the U.S. economy since the Great Recession, and economists are warning that the worst is yet...

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