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News Articles: Recession

Traders work on the floor of the New York Stock Exchange in New York City on Jan. 18, 2023. Stocks have rallied this year on hopes about the economy, but some fear that optimism is misplaced.

Tagged as: 

  • Business

Markets are surging as fears about the economy fade. Why the optimists could be wrong

The markets have rallied this year as investors believe inflation will continue to ease and that the economy will avoid a recession – but it could end in tears.

February 04, 2023
|
By:
  • Rafael Nam and
  • David Gura
Women carry shopping bags as customers visit the American Mall dream mall during Black Friday on Nov. 25, 2022 in East Rutherford, N.J. The U.S. economy ended 2022 on a strong note, but fears of a recession are growing.

Tagged as: 

  • Economy

The U.S. economy ended 2022 on a high note. This year is looking different

The U.S. economy grew at an annual rate of 2.9% in the final three months of last year — a surprisingly strong finish. But growth is expected to slow in 2023, and possibly even reverse.

January 26, 2023
|
By:
  • Scott Horsley
Traders work on the floor of the New York Stock Exchange during the opening bell in New York City on Jan. 18, 2023. Survey after survey shows economists and CEOs expect a recession, but there's no certainty of what an economic contraction would look like – or if the U.S. economy will suffer one at all.

Tagged as: 

  • Economy

A recession might be coming. Here's what it could look like

From a mild recession to a so-called hard landing, we sift through the wild array of recession predictions.

January 24, 2023
|
By:
  • Rafael Nam and
  • Greg Rosalsky
Workers help set up the Google booth at the Las Vegas Convention Center before the start of the CES tech show, Monday, Jan. 2, 2023, in Las Vegas.

Tagged as: 

  • Business

Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January

The layoffs at Google follow similarly huge cuts at Microsoft, Amazon and Salesforce. Tech companies who hired rapidly during the pandemic now face fears of recession.

January 20, 2023
|
By:
  • Mary Yang
With inflation climbing, a lot of Americans are pulling out their credit cards to pay for day-to-day items and are starting to accumulate quite a bit of debt.

Tagged as: 

  • Your Money

Are you struggling to pay off credit card debt? Tell us what hurdles you are facing

NPR wants to know if it's becoming harder to pay off outstanding credit card balances these days.

January 20, 2023
|
By:
  • Arezou Rezvani
Microsoft said it plans to cut 10,000 jobs, or about 5% of its workforce, in the first months of 2023.

Tagged as: 

  • Business

Microsoft slashes 10,000 jobs, the latest in a wave of layoffs

Amazon, Salesforce and Goldman Sachs have also announced cuts during a brutal January for corporate workers.

January 18, 2023
|
By:
  • Bobby Allyn and
  • Mary Yang
Unemployment tends to rise in January, historically one of the busiest months for layoffs.

Tagged as: 

  • Your Money

January is often a big month for layoffs. Here's what to do in a worst case scenario

From calling creditors to announcing your job loss on social media, a solid game plan can make a layoff sting a lot less.

January 03, 2023
|
By:
  • Arezou Rezvani
A container ship is seen near a terminal at the Port of Savannah.

Tagged as: 

  • Economy

Economists: Port of Savannah to weather expected recession well

Fitch Ratings expects ports will still grow in 2023, but at a slower rate than seen over the past two years.

December 30, 2022
|
By:
  • Benjamin Payne
 Georgia Governor Brian Kemp speaks during the Georgia Economic Outlook at the Georgia Aquarium on Friday, December 09, 2022 in Atlanta. Brian Powers/ University of Georgia

Tagged as: 

  • Economy

Economists predict 2023 recession, but Georgia could escape worst effects

Georgians have been pinching pennies to get by during a rough economy, and the hard times are likely to continue — economists at the University of Georgia’s annual Georgia Economic Outlook say odds are high the nation will experience a recession in 2023.

December 13, 2022
|
By:
  • Ross Williams
The man in black from the 1987 film, The Princess Bride, captures the same kind of hopeless dilemma many governments are facing, choosing between addressing inflation and addressing a possible coming recession.

Tagged as: 

  • Economy

Recession or Inflation? Governments around the world must pick their poison

Liz Truss' resignation as Prime Minister is being blamed on a faulty economic plan. But her fate should serve as a warning to other countries that may have to grapple with an inconceivable choice.

October 25, 2022
|
By:
  • Stacey Vanek Smith
Chairman and CEO of JPMorgan Chase & Co. Jamie Dimon testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on Sept. 21, 2022.

Tagged as: 

  • Economy

It's almost impossible to find a CEO who isn't bracing for a recession

Nearly all the chief executives in a new survey — 98% — say they're getting their ducks in a row for an impending economic downturn in the United States.

October 14, 2022
|
By:
  • David Gura
A trader works on the floor of the New York Stock Exchange in New York City on Aug. 5. The majority of America's top companies have reported strong earnings, but warning signs about the economy are also emerging from their corporate earnings.

Tagged as: 

  • Business

3 warning signs about the economy coming out of America's top companies

Companies are bracing for potential trouble ahead by lowering their advertising budgets, cutting costs and adapting to their customers' changing spending habits.

August 12, 2022
|
By:
  • David Gura
A 'We Want You!' sign is posted at an Ike's Love & Sandwiches store in Los Angeles on July 26.

Tagged as: 

  • Economy

The job market got even better, in a surprisingly positive sign for the economy

U.S. employers added 528,000 jobs in July, showing the labor market remains strong, despite high inflation and softening economic growth. The unemployment rate fell to 3.5%.

August 06, 2022
|
By:
  • Scott Horsley
Wikipedia has locked its page for "recession," setting restrictions on who can edit the entry until next week. The freeze was set after editors made a series of revisions to the definition of "recession."

Tagged as: 

  • Media

What is a recession? Wikipedia can't decide

An editing battle over its "recession" entry prompted Wikipedia to put a temporarily lock on revisions. The entry was changed to a definition of recession that aligned with President Biden's stance.

July 29, 2022
|
By:
  • Emma Bowman
Federal Reserve Chair Jerome Powell says he and his colleagues have the tools to bring high inflation under control without starting a recession.

Tagged as: 

  • Economy

Is the U.S. in a recession? GDP report will give us clues

GDP, or gross domestic product, tells us how much the economy grew in the previous quarter. There's fears that the economy contracted for a second quarter in a row.

July 28, 2022
|
By:
  • David Gura
  • Load More

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