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Warren Buffett’s firm has been selling oodles of stock this year in favor of shoring up some serious cash.
Most middle class families in America can’t afford most of the houses on the market, forcing them to put a pin in their American Dream or give up on it altogether.
Last week the Fed announced its tenth consecutive interest rate hike, with Chairman Powell dropping this bomb: “It’s possible that we will have what I hope would be a mild recession.”
The personal finances of the American people are the worst that they’ve been since the Great Recession, according to new reports.
A new poll has revealed that Americans are not optimistic about the government, nor are the optimistic about the economy.
Economists indicate there is a 70% chance the American economy sinks into a recession next year, up from the same odds indicated in a similar survey in November.
A major U.S. credit rating agency sees a mild recession ahead and while Illinois’ public finances are expected to remain stable, the state will perform poorer than other states.
Fitch Ratings said Friday that the outlook for state and local governments was “deteriorating” and an expected recession could put pressure on state and local governments to raise property taxes.
Heading into the holiday consumer season, many Americans are pinching pennies where they can, which has made the consumer industry […]
With under 30 days to go before the mid term elections, President Joe Biden sat down with CNN’s Jake Tapper and said no recession was coming.
Jamie Dimon, CEO of JPMorgan Chase, warned that the U.S. economy is headed toward a recession in the coming months.
FedEx CEO Raj Subramaniam warned that a global recession is on the way, after the company gave dire earnings predictions.