The Latest Breaking News from Recession

"In episodes when labor demand slides with a growth downshift, it is often a precursor to retrenchment."

Each summer brings us a new "it drink." The last few years have seen the Dirty Shirley, the Chilton, and the Hugo Spritz all having their moment, but this year, a lesser-known pick is taking top billing: the spaghett.

Shares of Bank of America Corp (NYSE:BAC) are falling Friday afternoon, caught in a broad market sell-off driven by a one-two punch of alarming U.S. economic data and an escalation in geopolitical tensions.

US economy added just 73,000 jobs in July 2025 with unemployment rising to 4.2%, while massive downward revisions slashed 258,000 jobs from May and June totals.

Find out how you can make a recession-proof retirement fund in a few simple steps, from ensuring strong diversification to keeping a solid cash reserve.

JPMorgan’s CEO says the U.S. economy is still strong—despite inflation and global risks. Is he right, or is trouble ahead for American markets?

As you look to protect your own pocketbook, keep an eye on these risks -- and these options to hedge against them. 

A top financial expert reveals the biggest mistake Americans make in a recession—and how avoiding it could protect your savings and future wealth.

Recessions don’t always announce themselves with headlines or breaking news. Sometimes, the signs are subtle, and by the time most people notice, the economy is already in a downturn. If you’re waiting for official reports to confirm a recession, you might be too late to adjust your finances. That’s why…

Recessions tend to spark a wave of financial fear, and understandably so. Layoffs increase, savings shrink, investments dip, and prices on essentials often rise. In...

From small indulgences to unexpected splurges, spending habits during an economic downturn can be... surprising, to say the least.