Banks upbeat on US consumer despite bank profit declines, inflation and rising debt levels
NEW YORK (AP) — The biggest banks in the country posted strong profits last year, helped by higher interest rates...
archiveRecessions and depressions
Runway getting clearer, U.S. economy still not assured of soft landing
The U.S. economy can take another win with a small "W" as it looks to navigate through what had been...
Is the US economy on track for a ‘soft landing’? Friday’s jobs report may offer clues
WASHINGTON -- Can the U.S. economy achieve a much-hyped “soft landing”? Friday's jobs report for November will provide some signs...
US dollar weakens as Fed rate cut view weighs
"Technically, the dollar index did enough damage over the last two weeks to really suggest a breakdown. So the dollar's...
Dollar bounces, euro heavy on U.S./euro zone growth outlook divergence
A $100-dollar bill seen on top of Euro bills in Bogota on July 12, 2022.Daniel Munoz | Afp | Getty...
Europe’s central bank hikes key interest rate to record high even as recession threat grows
FRANKFURT, Germany (AP) — The European Central Bank hiked its key interest rate to a record high Thursday, pressing its...
Europe’s economic outlook worsens as high prices plague consumer spending
FRANKFURT, Germany -- The European Union has lowered its forecast for economic growth this year and next, saying inflation is...
Bank of England says UK banks are resilient enough to offer struggling households support
LONDON (AP) — The Bank of England warned Wednesday that U.K. households are facing mounting financial difficulties from the sharp...
Consumers might just prevent a U.S. recession
A new home lot shows sold as other home construction begins in a new neighborhood in Grasonville, Maryland, on January...
Stock market today: Wall Street is mixed ahead of talks to avoid U.S. default | Associated Press
NEW YORK (AP) — Stocks are moving tentatively Monday, as Wall Street waits to see whether a pivotal meeting in...
