Most economists say US already in recession or could be soon: survey
Nearly two-thirds of business economists believe the US economy is already in a recession or likely to fall into one within the next 12 months, according to October survey results…
Homebuyers gaining leverage as houses sit on market for twice as long: data
Prospective buyers are gaining some leverage in the rapidly cooling US housing market – with homes taking twice as long to sell as they did just a few months ago.…
US recession forecast hits 100% as inflation rages, midterms loom
The US economy falling into recession within the next 12 months is a virtual certainty, according to the latest Bloomberg Economics forecast model released on Monday. The dire projection surfaced…
Suniel Shetty On Byju’s Layoffs
Suniel Shetty said that he continues to believe in the “India story”. Suniel Shetty, a film actor, producer, and businessman, has voiced his opinion over Edtech giant Byju’s decision to…
Jeremy Siegel warns Fed risks causing ‘depression’ by using core inflation to set policy
The Federal Reserve risks causing an economic “depression” if it relies on core inflation readings to determine when it should stop hiking interest rates, Wharton professor Jeremy Siegel warned Thursday.…
Home prices are falling fastest in these 10 US cities
A home-price slump taking place across popular housing markets in the Sun Belt and other regions could result in some relative bargains for shrewd homebuyers, according to market data released…
Fed’s Charles Evans says inflation fight top priority even if unemployment ‘goes up a lot’
Chicago Federal Reserve President Charles Evans reiterated Monday that the fight against inflation is the Fed’s most important mission — even if that effort causes a major rise in US…
Why the ghost of 2008 still haunts us in 2022
This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN Business — All week, there have events…
Consumer prices — a key inflation gauge — hotter than expected in August
A key inflation indicator showed higher-than-expected increases in core prices in August, adding more pressure on the Federal Reserve to act despite the risk of a deeper recession. Consumer prices…
Iron Mountain CEO William Meaney ‘praying for inflation’
The chief executive of a Boston-based tech firm told investors that he has been “praying for inflation” because it’s good for his business, according to a report. William Meaney, CEO…