News & Events

What happens during a recession? Here is what is impacted in the economic downturn
It seems like economists have been predicting a recession for a while now. Forecasters continue to place odds on different probabilities for an economic downturn in the next 12 months. Whether or...

The case for a 2023 US recession is crumbling
New York CNN  —  Many CEOs, investors and economists had penciled in 2023 as the year when a recession would hit the American economy. The thinking was that the US economy would grind to a halt...

5 signs the job market is cooling despite the blockbuster May jobs report
The May employment report, released Friday, appeared to show the nation isn’t close to tipping into recession with employers adding a booming 339,000 jobs. Beneath the surface, however, were signs...

Unemployment or recession fears aren’t stopping workers from making career moves
For more than a year now, workers have been told to strap in for a recession that could zap their historic career opportunities, harm their unprecedented amount of bargaining power and injure their...

Bank of America CEO says the Fed’s biggest challenge is power of US consumer
New York CNN  —  Bank of America CEO Brian Moynihan said although he is relieved lawmakers reached a resolution for the debt ceiling, it is “not good for the United States to go through...

Will The Fed Provide The Pause That Refreshes The Economy?
One could be forgiven for thinking that last Friday’s headline showing the U.S. economy created a much larger-than-expected 339,000 jobs in May would send stocks lower rather than higher. After all,...

With these many jobs, do we no longer have to worry about a recession?
New York CNN  —  US recession worries aren’t dead. But they may have passed into a coma at 8:30 am ET on Friday. That’s when the Labor Department released its latest jobs report, which indicated...

Amazingly, the U.S. job market continues to roar. Here are the 5 things to know
...Even construction companies added 25,000 jobs, despite the drag on the housing market after the Fed sharply raised interest rates. The only industries showing job losses last month were manufacturing...

How Does Gold Perform With Inflation, Stagflation And Recession?
AT A GLANCE Gold prices soared in the 1970s era of inflation, but the root causes of inflation are different today In six of the last eight recessions, gold outperformed the S&P 500 by 37% on...

The job market held up in May. But the Fed may have already decided to pause
Washington, DC CNN  —  The US labor market picked up momentum in May, once again defying expectations of a slowdown. But Federal Reserve officials are still likely to suspend rate hikes in their...