Once a symbol of affluence, the stretch limo has largely fallen out of favor as the rise of Uber and Lyft, the Great Recession and new regulations hastened a shift to chauffeured vans and S.U.V.s.
Category: Recession and Depression
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G.D.P. Report: What to Look For
U.S. economic data on Thursday morning is expected to show that the year opened with the third straight quarterly expansion in gross domestic product.
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Unemployment Is Low. Inflation Is Falling. But What Comes Next?
Despite hopeful signs, economists worry that a recession is on the way or that the Federal Reserve will cause one in trying to rein in inflation.
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Earnings Season Arrives With Recession Fears Front and Center
Investors will be closely watching whether worries about an economic slowdown dent corporate profits, and lead to further layoffs.
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Dour Earnings Loom Over Wall St. as a Slowing Economy Bites
The outlook for corporate profits has swiftly deteriorated, with inflation still fast and a banking scare prompting some investor caution.
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California Economy Is on Edge After Tech Layoffs and Studio Cutbacks
As recession fears persist, the troubles in major industries have hurt tax revenues, turning the state’s $100 billion surplus into a deficit.
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Latest Jobs Data Hints at a Slowdown That President Biden Needs
Robust growth in jobs has delighted the White House and helped the economy avoid a recession, but it has been accompanied by persistently high inflation.
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Latest Jobs Data Hints at a Slowdown That President Biden Needs
Robust growth in jobs has delighted the White House and helped the economy avoid a recession, but it has been accompanied by persistently high inflation.
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Buying or Selling a Home? Welcome to the Year of Disappointment
After a tumultuous few years, many hoped that the housing market would improve this spring. No such luck — for buyers or sellers.
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U.S. Economy May Be Heading to a Place That Must Not Be Named
A hard landing? A banana? Euphemisms for recession have a long history in Washington. Whatever the Fed is stating, it seems to be expecting something ugly, our columnist says.
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Top Economist Leaves White House, and an Economy Not Yet ‘Normal’
The New York Times – Business:Cecilia Rouse says lingering effects of the coronavirus pandemic continue to haunt the recovery from recession — and drag on Americans’ optimism for the economy.
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Bond Trading May Be Sending a Recession Warning
The New York Times – Business:Wild swings in the Treasury market are unlike anything many investors today had seen. They’re also potentially warning of a recession.