recession

JPMorgan upped the likelihood it sees for the U.S. economy entering a recession this year, the latest sign of concern around the country’s financial health following the market turbulence this week. The bank raised its probability for a U.S. or global recession to 35% by year end, chief global...

U.S. stocks fell sharply on Monday as part of a global market sell-off centered around U.S. recession fears. Japan’s Nikkei 225 plunged 12% in its worst day since the 1987 Black Monday crash for Wall Street. The Dow Jones Industrial Average dropped 967 points, or 2.5%. The Nasdaq Composite lost...

U.S. unemployment could be 5% or higher by October. It was high time, even before Friday’s nonfarm-payrolls data, that members of the U.S. Federal Reserve’s Federal Open Market Committee listened to their elders. Specifically, former New York Fed President Bill Dudley came out with a powerful...

Stocks kicked off August sharply lower after a round of economic data on Thursday spurred concerns the economy may be slowing faster than anticipated while the Federal Reserve maintains a restrictive monetary policy. The Dow plunged more than 700 points, before paring losses to close at...