Tag: economy

Mankind must rely on oil and gas “in the short term” or “civilization will crumble,” Elon Musk told reporters Monday at an energy conference in Norway—a striking statement from the ...

Topline Though they had recently cooled, fears of an impending recession once again escalated Friday after Federal Reserve Chair Jerome Powell warned economic growth will suffer as the central bank ...

Recession talk is everywhere, especially in the housing sector, as recent data on weaker housing starts and sales compounded by higher mortgage rates signal a slowdown.But that doesn’t necessarily mean ...

The most important step in curbing climate change is to stop burning fossil fuels. But as the economy slowly pivots in that direction, it might be worthwhile to catch the ...

U.S. retail sales were unexpectedly unchanged in July as falling gasoline prices weighed on receipts at service stations, but consumer spending appeared to pick up at the start of the ...

The Ukraine war has supercharged energy costs around the world, sending inflation soaring in virtually every major economy. But a specific convergence of crises this summer means Germany might be ...

The US economy shrank at an annual rate 0.9% from April through June, the Bureau of Economic Analysis estimated on July 28, 2022. It follows a contraction in gross domestic ...

Is a recession inevitable? Will the Federal Reserve cause it? Although superlatives about the U.S. economy have been overused in the wake of the pandemic, it is fair to say ...

Topline Bank of America economists became the latest experts predicting the U.S. will fall into a recession over the next year, telling clients a number of forces have pushed the ...

In their hit song “I Want It That Way,” the Backstreet Boys croon about how they want things to be perfect. Unfortunately, in life – and in business – there ...