Recession

Crypto.com cuts hundreds of workers in the wake of rival FTX's collapse. A lack of faith in future cryptocurrency markets has sent valuations tumbling.

BlackRock CEO Larry Fink weighed in on the probability of a recession and the risk of the U.S. government defaulting on its debt on "The Claman Countdown."

The U.S. economy is likely headed for a recession in 2023, according to Bank of America CEO Brian Moynihan, who is preparing for a mild downturn this year.

A group of around two dozen athletes, including Cincinnati Bengals quarterback Joe Burrow and Milwaukee Bucks small forward Khris Middleton, have acquired a northern Iowa farm.

The CPI likely remained painfully high in December as inflation remains near a 40-year high, continuing to inflict financial pain on millions of Americans.

The World Economic Forum is set to hold its annual meeting next week in the Swiss Alps resort town of Davos, where business and political elites will gather.

BlackRock’s Chief Investment Officer of Global Fixed Income Rick Rieder sat down with FOX Business on Monday to discuss the likelihood of interest rate hikes from the U.S. Federal Reserve in 2023

Rising prices and higher borrowing costs have led consumers and businesses to curb spending, and since banks serve as economic middlemen, their profits decline when activity slows.

Fed Chairman Jerome Powell on Tuesday said that raising interest rates to slow the economy and cool high inflation can prove to be politically unpopular.

In the age of remote work and with the return of labor unions and vocal workers, executives juggle how to best layoff workers amidst the predicted recession,

Forbes Media CEO Steve Forbes warns of the likely possibility of a "richcession" creating "rough economic times" and "turbulence" ahead for wealthy Americans.

U.S. households are becoming more optimistic about inflation, with consumers seeing prices falling to 5% one year from now, the lowest level since July 2021.

Stocks rallied on Friday as the Dow Jones Industrial Average jumped over 700 points during trading as sluggish technology stocks boosted the Nasdaq Composite and U.S. Tech 100.

Bed Bath & Beyond is expected to file bankruptcy in early 2023 amid slumping sales and weakening demand

The Labor Department's December jobs report provided a key snapshot of the labor market's health amid growing fears the U.S. is headed for a recession.

A majority of small and midsize businesses in the U.S. told JP Morgan Chase in a recent survey they expect a recession this year as inflation continues to rage.

Minutes from the Federal Reserve's December meeting show that policymakers expect to continue raising rates in 2023 – and keep them elevated for "some time."

Global news reports say Elon Musk has picked his successor at Tesla: Tom Zhu Xiaotong, vice president in charge of the Asia-Pacific, amid criticism Musk has been distracted since acquiring Twitter.

With inflation, recession and a volatile stock market expected to remain big themes this year, precious metals are poised to shine in 2023, say experts. Gold and silver, hedges to inflation and uncertainty, could push gold to a record $2,100+ an ounce, while silver may approach $38 an ounce, a nearly 50% jump.

The U.S. economy is likely poised to tumble into a recession and experience another inflation surge in 2023, according to hedge fund investor Michael Burry.