So are we in a recession, or not?
CNN
Things aren't looking so bad for the economy, but then again they aren't looking so great either.
On one hand, gross domestic product, a key measure of economic output, shrank for the second straight quarter this week, raising fears that the country has entered -- or will soon enter -- recession territory. On the other hand, the job market remains very strong, telling us the economy is still robust.
Some economists call two consecutive quarters of contraction a technical recession. And with good reason: 10 out of the last 10 times the US economy shrank for two consecutive quarters, the US economy was declared to be in a recession. But massive job losses occurred during seven out of the past seven recessions, and that's not happening now.
Two decades ago, a modest snack stall in the middle of one’s China poorest provinces saw its business take off after selling cut-price soft serve for just 15 cents (1 yuan) per cone. Today, it has overtaken McDonald’s and Starbucks as the world’s largest food and beverage chain by number of stores.
U.S. President Donald Trump announced the names of five digital assets he expects to include in a new U.S. crypto strategic reserve on Sunday, spiking the market value of each.
Commerce Secretary Howard Lutnick said Sunday he expects the United States to impose tariffs on Canada and Mexico on Tuesday, but said President Donald Trump will determine the levels in a “fluid situation.”
American consumers don’t need to fret about President Donald Trump’s tariffs on aluminum raising the price of their can of soda.
President Donald Trump signed another executive action that directs his administration to investigate potential instances of what he deems unfair trade practices for lumber the United States imports.
The Trump administration is cracking down on immigration — legal and otherwise — setting the stage for potential labor shortages, weaker economic growth and higher inflation.
Protesters gathered at more than 50 Tesla showrooms Saturday morning in protest of Elon Musk’s controversial role in slashing government.
Tariffs on Canadian and Mexican imports are looming again. And that could quickly send car prices soaring, even for those assembled in the United States.
A tentative thaw in ice-cold US-Russia relations is paving the way for American companies to do what, until recently, seemed unthinkable — return to the country three years after they left in droves.
US stocks seesawed Friday, but all three major indexes closed the month in the red — a sign of increasing unease in markets.