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Grim GDP report undercuts Democrats' midterm messaging

The latest Gross Domestic Product (GDP) numbers out Thursday are poised to hamper Democrats' key argument heading into the midterm elections that the U.S. economy has rebounded from the dark days of the coronavirus pandemic.

US economy on brink of 'major recession,' Deutsche Bank warns

Deutsche Bank economists are doubling down on their prediction, forecasting a severe recession within the next two years as the Federal Reserve moves to tame the hottest inflation in four decades with a series of mega interest rate hikes.

Boeing CEO bemoans Air Force One overruns

Boeing CEO David Calhoun suggested Wednesday that the company's deal with former President Trump to provide a new Air Force One fleet at a fixed price was a mistake now that development costs have surged.