Recession Archives - Page 2 of 4

Steven Mnuchin Warns America Is in a Recession That Will Continue for Years

Former U.S. Treasury Secretary Steve Mnuchin has warned that America is in the grips of a recession that will now continue for the next couple of years. Mnuchin weighed in on the recession debate by stating that he believes the United States is already in the midst of an economic…

US Housing Recession Deepens as Existing Home Sales Fall to 10-Year Low

As the U.S. housing recession worsens, existing home sales have fallen to their slowest pace in 10 years, according to reports. With the exception of the first few months of the pandemic, home sales have now slowed to levels not seen since September 2012. Sales of homes are 23.8 percent…

Jeff Bezos Issues Grim Warning on the Economy: ‘Batten Down the Hatches’

Amazon founder Jeff Bezos has issued a grim warning about where the economy is heading. Despite denials from the Biden administration, the United States economy has met the rule-of-thumb definition of a recession - two consecutive quarters of negative growth. The economy contracted at a 1.6% annualized rate in the first…

JPMorgan CEO: America Will Be In Recession When Trump & Biden Rematch in 2024

JPMorgan Chase CEO Jamie Dimon has dealt a blow to Democrat President Joe Biden by predicting that America will be gripped in a recession during the 2024 election. Should Biden run in a head-to-head rematch against President Donald Trump, the embattled incumbent would be doomed. Dimon said: “You can’t talk…

JPMorgan CEO Issues Dire Warning on U.S Economy: ‘Very, Very Serious’

The CEO of America's largest bank, JPMorgan Chase & Co., has issued a dire warning about where the U.S. economy is heading. During a new interview with CNBC reporter Julianna Tatelbaum in London, Jamie Dimon warned that America is on track for a "very, very serious" economic crisis. Dimon warned…

Top Economist Dooms Biden, Warns ‘Totally Avoidable’ Recession Ahead

Renowned economist Mohamed El-Erian has doomed Democrat President Joe Biden, warning that America is heading for a recession that was "totally avoidable." El-Erian, the chief economic adviser for multinational financial services company Allianz, hammered Biden's handling of inflation during an appearance on CBS’s “Face the Nation.” “I fear that we…

Recession Fears Mount as Key Economic Gauge Drops for 6th Month Straight

Fears of a recession in the United States are fiercely mounting as one of the key economic indicators has recorded a drop for the sixth month straight. America’s recessionary signals intensified in August as a key economic gauge from the Conference Board dropped again. The Federal Reserve's aggressive rate hikes…

FedEx Anticipates ‘Worldwide Recession,’ Announces Store Closures

FedEx has sounded the alarm on a global recession and revealed that it will be closing multiple stores amid “significantly worsened” economic trends. The company's CEO Raj Subramaniam made the comment during an interview with CNBC’s Jim Cramer on Thursday. He was asked by Cramer if he believed the economy…

How to Invest Money during a Recession

With the United States currently being gripped by a recession, many are wondering how they can still invest their money amid the economic downturn. The American economy fell into a technical recession following back-to-back quarters of negative GDP growth in the first half of 2022. The negative growth has come…

Bank of America CEO Issues Warning about Biden’s Recession Rhetoric

Bank of America CEO Brian Moynihan has slammed Democrat President Joe Biden's economic rhetoric and issued a warning about his administration's attempts to twist the definition of a recession. The Biden administration repeatedly downplayed the definition ahead of an economic report that showed the United States experienced two consecutive quarters…