In an interview with CNN’s “State of the Union” on Sunday, Bessent said he believed the economy was in a “transition period,” ...

US Treasury Secretary Scott Bessent said parts of the US economy, especially the housing sector, are already in recession due ...

First came the post-pandemic surge in prices. Then came the fastest jump in interest rates in four decades. Now, Americans ...

In practice, a recession is generally defined as at least two consecutive quarters of a decrease in gross domestic product.

The stock market continues to do well and GDP growth is strong, while nearly every other measure of economic activity has stagnated or is in deep decline. Why?

Treasury Secretary Scott Bessent pointed out Sunday on CNN’s “State of the Union” the administration’s cutback on government ...

Parts of the U.S. economy, particularly housing, may already be in recession because of high interest rates, U.S. Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal ...

If you feel like you're in a recession, it could just be where you live, says economist Mark Zandi. He says 70% of states are in or nearing recession.

BNP Paribas chief US economist James Egelhof put it bluntly in a roundtable with reporters this week: “AI has kept the ...

If you spread risk, strengthen your finances, and stick to the plan, you can avoid having to take desperate, damaging ...

The terms stoke outsized panic in some cases and insufficient caution in others. Lately, the stock market has taken a thrashing. The Nasdaq and S&P 500 have each fallen for seven consecutive weeks.

Canada's GDP contracted in August against a consensus estimate of flat growth, data showed on Friday, and an advance estimate ...