Recession

Americans amassed major savings during the height of the pandemic, but they may deplete more than half of it by the end of 2023, a Goldman Sachs estimate forecasted.

Billionaire investor Bill Ackman said that the U.S. government needs to take serious action to prevent the financial ruin of other banks amid the failure of Silicon Valley Bank.

Half of Americans say they are worse off financially than they were a year ago, according to a new poll. Here’s how to manage your budget in any economy.

Campbell Soup Company delivers on quarterly earnings and beats Wall Street expectations on 2023 guidance despite ongoing inflation and threat of recession.

There are still far more job openings than there were before the pandemic giving the Federal Reserve an opening to attack inflation with steeper rate hikes.

Larry Summers on Monday offered his 'best guess' of how high the Federal Reserve will hike interest rates and said there could potentially be a recession.

Inflation and a slowdown in international demand threaten US manufacturing base. A looming recession and weaker manufacturing data has experts worried.

Inaugural CFO survey conducted by Coupa, a cloud based spend management platform, found education sector was most susceptible to layoffs in 2023 in the event of recession.

U.S. grocer Kroger reported upbeat earnings and an optimistic 2023 outlook on Thursday after raising prices due to inflation, surprising Wall Street analysts.

Anheuser-Busch InBev, the maker of Budweiser, Bud Light, Bud Seltzer, Michelob Ultra and Stella Artois, is struggling to maintain sales as inflation bites.

Macy’s beat Wall Street analysts’ predictions for sales and revenue over the fourth quarter and full year 2022.

The U.S. economy will likely tumble into a recession this year as a result of the Fed's aggressive war against high inflation, according to new research.

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

The Intel Corp.’s board of directors announced the reduction of its quarterly dividend to $0.125 per share of the company’s common stock due to macroeconomic uncertainty.

The 10-year and 2-year U.S. Treasury yields are up on Tuesday as Wall Street traders consider the potential of additional rate hikes from the U.S. Federal Reserve.

The Fed's interest-rate hike campaign is "not getting much traction," raising the risk that the U.S. hits the brakes "very, very hard," Larry Summers said.

The cuts are part of an effort the company announced late last year to reduce costs by 9 billion Swedish kronor, equivalent to about $861 million, by the end of 2023.

Meta has struggled over the past year and a half, encountering growing competition from Chinese rival TikTok and a decline in advertising demand amid a difficult macroeconomic climate.

Pet owners are downgrading dog and cat food, taking a "do-it-yourself" approach to ownership, and sometimes parting ways with pets as costs soar amidst inflation.

David Solomon, the CEO of Goldman Sachs, on Tuesday discussed the probability of the U.S. economy experiencing a soft landing while appearing at a conference.