Ford to Cut 3,000 Jobs Ahead of Potential Recession
Ford is embarking on a restructuring process that will cut about 3,000 employees from its workforce, in an effort to
Read more
Recession
China Unexpectedly Cuts Rates Amid Weakening Economy
China, which plays an important role in upholding the global economy, appears to be suffering from a demand slump. Latest
Read more
Global Food Prices Plummet by Most Since 2008
Despite assurances from government officials and central bank policy makers that inflation was going to be anything but permanent, it
Read more
Zoltan Pozsar: “We Need A Recession To Curb Inflation”
For Credit Suisse contributor Zoltan Pozsar, the current economic situation isn’t just a mere economic event that would be tapered
Read more
Walmart Laying Off Corporate Employees Amid Dismal Profit Outlook
America’s bellwether retailer Walmart (NYSE: WMT) is downsizing its workforce, following a less-than-ideal profit outlook as surging inflation weathers away
Read more
Peter Schiff: US Economy Headed for an ‘Inflationary Depression’
Love him or hate him, but stock broker and gold proponent Peter Schiff does make a very compelling observation: consumers
Read more
The Recession of 2022: GDP Dips 0.9%, Second Consecutive Quarterly Decline
Despite the Biden administration’s enduring efforts to change the definition of a recession and Jerome Powell’s insistence that the US
Read more
Jerome Powell Hikes Rates 75 Basis Points, Doesn’t Believe Economy Is In A Recession
The Federal Reserve on Wednesday delivered on a much-anticipated 75 basis-point rate hike, whilst acknowledging the US economy is weakening
Read more
US Home-Sellers Forced to Drop Prices as Real Estate Market Loses Steam
Home-sellers across the metro US are slashing their asking price, as the Fed’s panicked tightening cycle sends shivers across US
Read more
Treasury Secretary Yellen On Recession Fears: “We’re Not Seeing That Now”
While the US economy is not hitting its target growth, Treasury Secretary Janet Yellen believes the cooldown of the growth
Read more