Recession

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.

Some employees laid off by tech companies are hiring lawyers or other advisers to press for more money or an extension of their health benefits before agreeing to deals.

Goodwin Procter is one of several major law firms to cut attorney roles, citing bloat after years of steady growth.

The economy is sending mixed messages about its health, with one expert dubbing the phenomenon a "rolling recession" where sectors take turn contracting.

Inflation has been cooling in recent months, but studies have reported that it’s still a concern for many Americans. Meanwhile, some experts debate whether a recession will occur in 2023. Here’s how to pay down debt quickly in a volatile economy.

The New York Fed president on the central bank’s efforts to bring down inflation using interest rate hikes and scenarios where high prices could be persistent.

Fisher Investments founder Ken Fisher explained why 2023 is shaping up to be a great year for Wall Street and why the U.S. economy is unlikely to fall into a recession.

Despite stubbornly high inflation and rising interest rates, the economy may avoid a recession this year, according to Treasury Secretary Janet Yellen.

Bank of America Vice Chairman Keith Banks warns as the economy slows and margins get squeezed, costs will grow faster than revenues.

The Labor Department's January jobs report will shed light on the health of the labor market in the first month of 2023 when it is released on Friday.

The ISM survey's forward-looking new orders sub-index plunged to 42.5 in January from 45.1 in December. It was the fifth straight month that this measure has contracted.

The World Gold Council revealed that demand for gold hit highs last year not seen since 2011, fueled by central bank tightening cycles, including the Federal Reserve's.

Bed Bath & Beyond reportedly could file bankruptcy as early as this week and is currently looking close more stores.

Although McDonald’s beat Wall Street predictions for fourth quarter earnings, the company CEO Chris Kempczinski is warning inflation will remain in 2023.

American banks increased reserves to prepare for potential defaults on credit card debt, student loans, and other personal loans to prepare in case of a recession.