recession

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It's the Sharpest Credit Drop Since the Great Recession

FICO data shows borrowers are falling behind nationwide

(Newser) - From credit cards to student loans, Americans are missing payments—and their credit scores are paying the price. CNN reports credit scores are falling at the fastest pace since the Great Recession as borrowers struggle with high inflation, soaring interest rates, the return of student loan payments, and the sheer...

Economists Somewhat Less Concerned in Latest WSJ Survey

Though the paper warns that could change if new tariff threats are carried out

(Newser) - The Wall Street Journal 's latest quarterly survey of economists found that they are currently feeling a bit sunnier about the impact of President Trump's economic policies. Specifically, they are less concerned about a recession and expect more jobs and growth (and less inflation) than they did the...

Russian Economy 'on the Brink of Recession'

Sectors other than the military are stagnating

(Newser) - Russia's economy is "on the brink of going into a recession," the country's economy minister said Thursday. Economy Minister Maxim Reshetnikov delivered the warning at the St. Petersburg International Economic Forum, an annual event in Russia's second-largest city designed to highlight the country's economic...

Trump Discounts Recession, Says 'I Don't Know' on Due Process

President also addresses a third term and dolls and strollers in interview

(Newser) - President Trump in an interview aired Sunday pushed back against analysts' predictions about a recession, said he might abandon Ukraine-Russia peace talks, and, despite the oath he took on Inauguration Day, deferred to his lawyers about whether the president is obligated to uphold the Constitution's due process guarantee. He...

IMF Warning: Tariffs Have 'Reset' the World Economy

Group forecasts slower growth in the US and around the globe

(Newser) - President Trump won't be a fan of a new warning issued Tuesday by the International Monetary Fund. The organization predicted that Trump's tariffs will slow economic growth around the world.
  • In its updated World Economic Outlook, the IMF revised global economic growth down to 2.8% for
...

Dimon: Tariffs Must Be Resolved Quickly
Dimon: Resolve
Tariffs Quickly
Apr 7, 2025 6:44 AM CDT

Dimon: Resolve Tariffs Quickly

Trump ally Bill Ackman suggests the president is getting terrible advice on markets

(Newser) - Jamie Dimon and other prominent names on Wall Street are voicing rising concerns about the effect of President Trump's tariffs on world markets. "We are likely to see inflationary outcomes," the CEO of JPMorgan Chase wrote in his closely watched annual letter to investors on Monday, reports...

'Disruptive US Policies' Just Jacked Recession Risk: JPMorgan

Risk of US, global recession now at 60%, up from 40%, per the Wall Street giant's strategists

(Newser) - President Trump referred to Wednesday as "Liberation Day" as he enacted "reciprocal" tariffs against even more countries across the globe, but now JPMorgan is warning that the risk of recession just escalated steeply. In a Thursday note, the Wall Street giant's strategists, led by Bruce Kasman, say...

Record Number of Americans Have Two Jobs

Government's official count is now nearly 9M

(Newser) - In a world of high prices and increased worries about a recession , the stat might not be a huge surprise: A record number of Americans are now working at least two jobs, according to the official government count. Details:
  • Record high: The Bureau of Labor Statistics said 8.9 million
...

Bessent's New Comments Worsen Mood on Wall Street

Futures are down after treasury secretary calls correction 'healthy' and won't rule out a recession

(Newser) - After falling into correction territory last week—with the benchmark S&P 500 off 10% from its earlier highs—stocks were poised to start the new week with modest declines. Dow futures were down more than 130 points, and USA Today reports that comments from Treasury Secretary Scott Bessent over...

Investors Worry 'Soft Landing' Is Going Off Track

Meanwhile, Dow futures point to modest gains at open after Monday's selloff

(Newser) - It appears the stock market will open in positive territory on Tuesday after Monday's steep selloff , though nowhere near big enough to recoup the losses. Dow futures were up about 100 points, reports CNBC , after losing nearly 900 at Monday's close. A "modicum of calm" also returned...

Fears of a 2025 Recession Are Gaining Steam
Fears of a 2025 Recession
Are Gaining Steam
the rundown
Mar 10, 2025 10:43 AM CDT

Fears of a 2025 Recession Are Gaining Steam

Big banks more pessimistic as Trump declines to rule out the possibility

(Newser) - Wall Street started the new trading week in a foul mood on Monday, with the Dow tumbling about 500 points and the benchmark S&P 500 index down more than 2%. It's a continuation of last week's selloff blamed on tariff uncertainty, but Monday's pain appears to...

Trump Concedes Recession Is Possible

Adjusting to tariffs will take time, president says

(Newser) - President Trump would not rule out the possibility of a recession this year during an interview aired Sunday, saying it "takes a little time" for the economy and Americans to see the benefits of his new tariffs. He discounted the recent stock market losses, contending "you have to...

Financial Contagion Slams World Markets

Japan's index has worst day since 1987 crash, and Dow futures are down 800 points

(Newser) - The stock market ended last week in rough shape thanks to renewed fears of a US recession . Things appear to be getting worse Monday, with Dow futures plunging and world markets in similar shape:
  • In the US: Dow futures dropped more than 800 points, or 2%, reports CNBC . Futures for
...

Wall Street Selloff Intensifies After Jobs Report
Dow Is Plunging
After Jobs Report
Aug 2, 2024 10:50 AM CDT

Dow Is Plunging After Jobs Report

Index down more than 900 points after weak employment data

(Newser) - Friday morning's weak jobs report has led to a selloff on Wall Street: The Dow plunged more than 900 points, or 2.3%, in late-morning trading, while the S&P 500 was off 2.2% and the tech-centric Nasdaq was down 2.4%. In fact, the benchmark S&P...

Lipstick Sales Are Up. Some Take That as a Warning

The not-so-technical 'lipstick index' tends to crop up in recessions

(Newser) - Makeup sales are up—which, according to a groundhog-shadow-like barometer called the "lipstick index," might spell bad news for the economy. CNN explains that the term "lipstick index" was so named by Estee Lauder chairman Leonard Lauder in 2001. He posited that during the economic downturn in...

Yellen: Signs Point Away From Recession

Treasury secretary expresses confidence about economy

(Newser) - Polls show Americans are feeling a bit better about the US economy lately, per the Wall Street Journal , and that includes Treasury Secretary Janet Yellen. Asked if the nation will be able to head off a recession while keeping inflation under control, she told Bloomberg , "I think you'd...

Fed Chair Says US May Have Dodged Recession

Congressional Budget Office is also predicting 'soft landing'

(Newser) - The Federal Reserve believes its policies may have helped the US economy avoid recession and achieve a "soft landing," a possibility analysts once saw as remote. In remarks after the latest interest rate rise was announced Wednesday, Fed Chair Jerome Powell said the central bank is no longer...

2023 Is Now Seen as a 'Turning Point' for Economy

IMF upgrades its world forecast, thinks a global recession is less likely

(Newser) - A new economic forecast includes what has become a rare thing of late: good news. Or, at least, better news. The International Monetary Fund said Monday that it thinks a global recession probably won't happen, reports the New York Times . A number of factors— including easing inflation, China's...

IMF Chief: Get Ready for 'Tougher' Year Than Last

Kristalina Georgieva warns that one-third of world will be in a recession over next 12 months

(Newser) - Thankful to have kicked 2022 to the curb? According to the head of the International Monetary Fund, we haven't yet escaped last year's economic woes, which will continue to play out in significant ways around the globe. "We expect one-third of the world economy to be in...

Model Puts Chance of Recession at 100%

Projection clashes with Biden's reassurances

(Newser) - A new economic projection contradicts President Biden's hopeful forecast of a minor recession, at worst, ahead for the nation. A Bloomberg Economics model shows the likelihood of a recession beginning at some point before October 2023 at 100%. Until now, the model had the chance of a recession at...

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