Category: Recession and Depression

‘Recession Resilient’ Climate Start-Ups Shine in Tech Downturn

Tech workers and investors are flocking to start-ups that aim to combat climate change.
U.S. Economy Grew at 2.9% Annual Rate in Fourth Quarter

Activity at the end of last year showed the resilience of American consumers and businesses in the face of rising inflation and interest rates.
The U.S. economy grew at an annual rate of 2.9 percent in the fourth quarter.

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How the U.S. Government Amassed $31 Trillion in Debt

Two decades of tax cuts, recession responses and bipartisan spending fueled more borrowing — contributing $25 trillion to the total and setting the stage for another federal showdown.
After a Burst of New Businesses, a Cooling Economy Intrudes

The pandemic has brought a boom in entrepreneurship, but higher interest rates, a chill in venture capital and fears of recession now pose obstacles.
JPMorgan Sets Aside Money for Bad Debts as ‘Mild Recession’ Looms

The bank, the biggest in the United States, reported a large profit in its latest quarter, but said it was girding for a downturn later in the year.
I.M.F. Sees World Economy ‘Bottoming Out’ in 2023

Kristalina Georgieva, the managing director of the International Monetary Fund, predicts that a global recession can be avoided.
Speaker Drama Raises New Fears on Debt Limit

An emboldened conservative flank and concessions made to win votes could lead to a protracted standoff on critical fiscal issues, risking economic pain.
US Employers Added 223,000 jobs in December

The Federal Reserve’s moves to cool the economy with higher interest rates seem to be taking gentle hold. Wage growth lost momentum.
U.S. employers added 223,000 jobs in December.

Forecasters estimate that employers added 200,000 jobs in December, a robust number though a bit below the average in recent months.
Even a Soft Landing for the Economy May Be Uneven

Small businesses and lower-income families could feel pinched in the months ahead whether or not a recession is avoided this year.
For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust

There were fewer mergers and public listings this year, shrinking investment banking revenue. For bankers, that means a smaller pot of money for bonuses.