Tag Archives: recession

Seasonal hiring in the retail industry is poised to fall to its lowest level since the 2009 recession, an early warning sign that the holiday shopping season could be softer than expected, job placement firm Challenger, Gray & Christmas said in a Wednesday report.  Challenger is projecting retailers may add under 500,000 positions in the final three months of 2025, …

The soaring cost of cars and insurance is pushing millions of Americans to the financial brink — and Wall Street is worried it could be the spark for the next recession. Drivers owe $1.66trillion in car loans — a bigger burden than federal student loan debt or credit cards, and up 20 percent since 2020. At the same time, years …

A leading Wall Street analyst says the wave of government layoffs driven by Elon Musk’s DOGE initiative—the so-called Department of Government Efficiency—marked the end of a three-year rolling recession in the U.S. Michael Wilson, Chief U.S. Equity Strategist at Morgan Stanley and one of the market’s most respected voices, shared this view in the firm’s latest US Equity Strategy note, …

Moody’s economist: US avoids recession if well-to-do ‘keep spending’  The Hill The economy is chugging along, but consumers are uneasy  NBC News Top 10% of Earners Drive a Growing Share of US Consumer Spending  Bloomberg.com Wealthy consumers account for nearly half of all US consumer spending  Baton Rouge Business Report The economy is reliant on the ‘fortunes of the well-to-do’ says Moody’s—if the ultra-rich …

Facebook Tweet Email Link New York  —  Credit scores are falling at the fastest pace since the Great Recession as Americans struggle to keep up with the high cost of living and the return of student debt payments. The national average FICO score dropped by two points this year, the most since 2009, according to data released Tuesday by the …

Oregon employers have reported more than 11,000 layoffs since the start of last year, a torrid pace of job cuts amid the steady deterioration of the state’s labor market. Employers are averaging more than 600 Oregon layoffs a month so far this year after averaging about 550 a month in 2024, according to layoff notices filed with the state. That’s …

The Federal Reserve may have more at stake than economic growth as policymakers prepare to meet on rates this coming week. In an interview with CNBC on Thursday, Moody’s Analytics chief economist Mark Zandi said recent job numbers have been so dismal that it’s possible the U.S. may already be in a recession. “I think the Federal Reserve desperately wants …

The Bank of Russia lowered benchmark rates again on Friday and denied the economy is in a recession, even after its own data showed GDP has been shrinking this year. The latest cut brought rates down by 1 percentage point to 17% and marked the third reduction since June as sky-high borrowing costs have helped cool inflation but are also …

Facebook Tweet Email Link Tricolor, a major subprime auto lender specializing in buyers without social security numbers or credit histories, is going out of business. The company filed for bankruptcy on Wednesday. Most companies that file for bankruptcy intend to stay in business. But Tricolor does not – it plans to liquidate. Tricolor has not been available for comment. Tricolor’s …

Stocks and bonds are sending very different messages about recession risks  MarketWatch Stock Investors Also Watch the Bond Market — Here’s Why You Should, Too  AOL.com Diving stock/bond yield correlation shows investors sanguine about economic downturn  MarketWatch Smart Investors Watch Bonds—Here’s Why You Should  GOBankingRates Source link