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Articles in topic Recession
Biden demands faster drop in gas prices as oil tumbles
• Russia could lose 30% of its oil output within weeks, IEA warns • Natural gas is expensive, dirty and financing war. Here are 5 ways to use less of it • Covid. War. Inflation. Recession fears. The stock market can't keep up
[ cnn.com ]US economy flashes a recession warning sign
• Oil briefly tumbles below $100 a barrel. That's good news for gas prices
[ cnn.com ]Wall Street's go-to recession indicator is starting to get attention
Past may not be prologue for financial markets as the global economy continues to reel from the pandemic. But a traditional recession signal is still catching Wall Street's attention.
[ cnn.com ]Opinion: What it will take to save American democracy
On the anniversary of January 6, as we think about the future of American democracy, it's useful to look around the world at what scholars have called a "democratic recession." From Hungary to Poland to Turkey to India, democratic norms, values and institutions are under stress.
[ cnn.com ]Europe's biggest economy is on the brink of a winter recession
• Omicron is spreading fast. That's alarming even if it's mild • Live updates: China detects second Omicron case • Italy and 2 other nations now at 'very high' travel risk for Covid-19, CDC warns • Opinion: What Omicron means for the holidays
[ cnn.com ]3 reasons it's so hard for companies to hire right now — and what they can do about it
The US is experiencing a historically tight labor market. The speed of the current recovery is far outpacing the last recession, and the supply of available jobs is still well above the demand from job seekers.
[ cnn.com ]Moody's: US default would wipe out nearly 6 million jobs
A US default would be a "catastrophic blow" to America's economic recovery from Covid-19, setting off a downturn that would rival the Great Recession, Moody's Analytics warned in a new report.
[ cnn.com ]Home prices can't go straight up forever. But this probably isn't a bubble
Home prices are climbing at the fastest pace in history, eclipsing even the boom in the days leading up to the Great Recession. Bidding wars have become common, many are forced to pay all cash and some bids are coming in $1 million over asking.
[ cnn.com ]Dow suffers biggest drop of the year as Delta variant fears hit Wall Street hard
• The covid recession is officially over, and it was the shortest on record • Zoom buys Five9 in $14.7 billion deal to prepare for a post-pandemic world
[ cnn.com ]The pandemic recession was the shortest in history, lasting just two months
The pandemic recession ended in April 2020 after just two short months, according to the National Bureau of Economic Research. That makes the most recent US economic downturn the shortest on record.
[ cnn.com ]The housing market is in a 'little bit of a bubble,' Jamie Dimon says
Jamie Dimon acknowledged the housing boom may be getting out of hand, but the JPMorgan Chase CEO isn't worried about a repeat of the Great Recession.
[ cnn.com ]Jobless claims are still higher than during the Great Recession
A year after the pandemic shut down the US economy, America's workers are still hurting. For the past 12 months, first-time claims for jobless benefits have been higher than during the worst moments of the Great Recession.
[ cnn.com ]Opinion: We have to close the digital divide. That means internet access for everyone
People of color and low-income communities have been disproportionately harmed by both the Covid-19 virus and the economic recession. It will be hard to ultimately "Build Back Better" unless we first address the racial and economic impact of the digital divide.
[ cnn.com ]India could be back as the world's fastest growing economy
After plunging into recession for the first time in nearly a quarter of a century, India's economy should come roaring back to life in 2021.
[ cnn.com ]China dodged a recession last year. Now it needs to pick up the pace
China bucked the global recession in 2020, and in doing so narrowed the economic gap with the United States. Now its leaders are about to reveal how they plan to accelerate the pace of growth this year.
[ cnn.com ]Corporate America's earnings recession is over
The vast majority of companies in the S&P 500 have reported results from the last three months of 2020, and Wall Street is calling it: The earnings recession has come to an end.
[ cnn.com ]Wall Street economists are growing bullish on the US economy
The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying, gridlock paralyzed Washington and millions of families were about to lose crucial benefits.
[ cnn.com ]3 reasons Americans need more federal aid
Congress has approved trillions in relief funds for Americans suffering because of the pandemic recession, but President Joe Biden thinks the country needs even more.
[ cnn.com ]Analysis: Joe Biden wants to avoid the Obama era's biggest economic mistake
The federal government didn't act aggressively enough in 2009 to fight the Great Recession. And the economic recovery was weaker as a result.
[ cnn.com ]Struggling Americans blast bill as too little, too late
Mallory Ware feels that Congress has abandoned her, her family and all struggling Americans amid the recession and worsening pandemic.
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