Recession

Dimon Says Commercial Real Estate Owners Are Handling Stress
Dimon Says Commercial Real Estate Owners Are Handling Stress
February 26, 2024  |  Real Estate

JP Morgan Chase CEO Jamie Dimon said Monday (Feb. 26) that most owners of commercial real estate will be able to “muddle through” the current economic environment. Those...

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Economists Trade Recession Predictions for ‘Growth Stop’ Warnings
Economists Trade Recession Predictions for ‘Growth Stop’ Warnings
January 14, 2024  |  Economy

The good news: Economists are less confident the U.S. will see a recession. The less good news: They also expect the economy to grow at...

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Analysts and Money Managers Divided on Economic Growth Prospects 
Analysts and Money Managers Divided on Economic Growth Prospects 
December 20, 2023  |  Economy

As 2024 approaches, analysts are reportedly reassessing their predictions for a U.S. recession that had been anticipated for the past two years.  While investment bank...

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Bank of America CEO Brian Moynihan Says Economy Has Normalized
Bank of America CEO Brian Moynihan Says Economy Has Normalized
December 05, 2023  |  Economy

Bank of America CEO Brian Moynihan said Tuesday (Dec. 5) that there are signs of the economy slowing down but expressed optimism that it will experience a soft...

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Bank of America CEO Predicts Soft Landing for US Economy
Bank of America CEO Predicts Soft Landing for US Economy
November 08, 2023  |  Economy

Bank of America CEO Brian Moynihan is reportedly optimistic about the U.S. economy and the bank’s growth prospects. Speaking Wednesday (Nov. 8) at the Reuters NEXT conference, Moynihan said he...

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Auto Loan Delinquency Rates Reach Highest Level Since 1994
Auto Loan Delinquency Rates Reach Highest Level Since 1994
October 22, 2023  |  Loans

The recent surge in delinquency rates on auto loans in the United States has raised concerns about the financial challenges faced by car owners. With...

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Rise of ‘Mega Bankruptcies’ Leaves Economists Worried
Rise of ‘Mega Bankruptcies’ Leaves Economists Worried
October 08, 2023  |  Economy

SVB Financial. Yellow. Bed Bath & Beyond. All big companies, all filed for bankruptcy. And as The Wall Street Journal (WSJ) reported Sunday (Oct. 8), it’s part of...

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Bank of America CEO Brian Moynihan Expects Soft Landing for Economy
Bank of America CEO Brian Moynihan Expects Soft Landing for Economy
September 27, 2023  |  Economy

Bank of America Chairman and CEO Brian Moynihan reportedly said he believes that the economy is heading toward a soft landing, avoiding a recession.  Speaking Wednesday...

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80% of Americans See Savings Decline Since Pandemic Peak
80% of Americans See Savings Decline Since Pandemic Peak
September 25, 2023  |  Economy

Most Americans are reportedly facing financial challenges as their pandemic savings have dwindled. Beyond the wealthiest 20% of the U.S., Americans have depleted their extra...

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