recession

A trader works on the floor of the New York Stock Exchange in New York City on Aug. 5. The majority of America's top companies have reported strong earnings, but warning signs about the economy are also emerging from their corporate earnings.

Economy

3 warning signs about the economy coming out of America's top companies

7:29am August 12, 2022

by David Gura

Companies are bracing for potential trouble ahead by lowering their advertising budgets, cutting costs and adapting to their customers' changing spending habits.

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A 'We Want You!' sign is posted at an Ike's Love & Sandwiches store in Los Angeles on July 26.

Economy

The job market got even better, in a surprisingly positive sign for the economy

10:51am August 06, 2022

by Scott Horsley

U.S. employers added 528,000 jobs in July, showing the labor market remains strong, despite high inflation and softening economic growth. The unemployment rate fell to 3.5%.

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Wikipedia has locked its page for "recession," setting restrictions on who can edit the entry until next week. The freeze was set after editors made a series of revisions to the definition of "recession."

Economy

What is a recession? Wikipedia can't decide

4:38pm August 01, 2022

by Emma Bowman

An editing battle over its "recession" entry prompted Wikipedia to put a temporarily lock on revisions to prevent new users from repeatedly changing the definitions of recession.

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Federal Reserve Chair Jerome Powell says he and his colleagues have the tools to bring high inflation under control without starting a recession.

Economy

U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?

3:20pm July 28, 2022

by David Gura

GDP shrank for a 2nd quarter in a row. While two consecutive quarters of negative growth is often considered a recession, it's not an official definition. Parts of the economy are clearly struggling.

Federal Reserve Board Chairman Jerome Powell.

Economy

The Fed's mission improbable: Beating inflation without causing a recession

5:00am July 24, 2022

by Scott Horsley

Inflation is sky high. The Federal Reserve wants to bring it back to earth without crashing the economy. But achieving a so-called "soft landing" and avoiding a recession is easier said than done.

Fewer jobs were added in June, but the labor market is still tight. A man walks past a "now hiring" sign posted outside of a restaurant in Arlington, Va., last month.

Hiring slipped only slightly in June, with no sign of a looming recession

5:24pm July 08, 2022

by Scott Horsley

U.S. employers added 372,000 jobs in June, while the unemployment rate held steady at 3.6%. Despite slightly slower job growth, the labor market remains an economic bright spot.

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President Joe Biden speaks during an interview with The Associated Press in the Oval Office of the White House on Thursday, June 16, 2022.

Despite warnings from economists, Biden says a recession is not inevitable

5:44pm June 16, 2022

by The Associated Press

In an interview Thursday with The Associated Press, the president says the American people are "really, really down" after two years of pandemic, volatility in the economy and surging gas prices.

Fear The Vibe Shift: Are We Entering A Recession?

10:34am May 31, 2022

by Greg Rosalsky

Despite low unemployment, solid spending, and continued job growth, signs are flashing that the U.S. economy is headed for another downturn.

Employers are boosting wages to recruit workers as staffing shortages continue to linger. That's raising the prospect of continued high inflation and aggressive interest rate hikes from the Federal Reserve.

Why there are growing fears the U.S. is headed to a recession

8:37am April 13, 2022

by Scott Horsley

With inflation at a four-decade high, a growing number of forecasters worry the U.S. economy may be headed to a recession as the Fed gears up to raise interest rates aggressively.

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'Panic Buying' Of Christmas Trees Hits NC Amid Tree Shortage

12:38pm December 14, 2020

by Associated Press

A cold drizzle fell on Boyd's Christmas Trees, but the holiday spirit hummed along apace at the Swannanoa River Road tree lot, where Rhonda Heath said she's had the best season in more than a decad