Recession
- Breaking News
Luxury Home Sales Crash 38 Percent in Record Decline amid Economic Woes
Luxury home sales took a significant plunge recently as the nation grapples with economic problems. Forbes reported Monday: Sales of…
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Report: America Enduring Second Largest Home Price Correction Since End of WWII
The American housing market is suffering its second-largest price correction since the end of WWII, and one expert attributed it…
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Goldman Sachs CEO Warns of Looming Job Cuts amid Slow Economy
Goldman Sachs is preparing for more job cuts in the near future, according to CEO David Solomon. “We are conducting…
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More than 2,000 U.S. Flights Delayed; 1,500 Canceled
The number of delayed and canceled flights is piling up as a winter storm sweeps the U.S., bringing freezing temperatures…
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Joe Biden on When Inflation Will Go Back to Normal: ‘I Hope By the End of Next Year’
Joe Biden expressed caution when asked Tuesday when he expected inflation rates to go back to normal. “I hope by…
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Foolish Decision to Close Britain’s Biggest Gas Storage Site Reversed Amid Crisis
Rough, a gigantic British gas storage facility in the North Sea which the government allowed to go to the wall…
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France to Look to Import Energy from Britain and Others as Winter Power Cuts Loom
It is a very real possibility that France will see rolling power cuts this winter and will seek to import…
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Crypto Winter: 50%+ of Bitcoin Addresses Now in the Red
According to a recent report from Coindesk, more than 50 percent of Bitcoin addresses are now in the red for…
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Poll: One-Third Say Thanksgiving Impacted by Inflation
One-third said Thanksgiving has been impacted by inflation, a survey from The Economist/YouGov found. According to the survey, the plans…
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Railway Strike Seen as Increasingly Inevitable, Threatens to Derail Economy Ahead of Holidays
A national freight rail strike is viewed as increasingly inevitable as four rail worker labor unions have rejected a tentative…
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