Recession

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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Goldman Sachs CEO Says Inflation May Be More Persistent Than Expected
Goldman Sachs CEO Says Inflation May Be More Persistent Than Expected
September 13, 2023  |  Economy

Goldman Sachs CEO David Solomon reportedly expressed uncertainty about the U.S. economic outlook while highlighting the potential for a soft landing. The chance of a relatively soft landing...

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PMI Data Hints at Slowdown for Main Street Smaller Businesses
PMI Data Hints at Slowdown for Main Street Smaller Businesses
August 23, 2023  |  SMBs

Business is expanding, but at a torpid pace that signals some pressures for some of Main Street’s smaller firms. As detailed in the S&P Global Flash...

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Main Street Hospitality SMBs Most Optimistic About the Economy
Main Street Hospitality SMBs Most Optimistic About the Economy
August 23, 2023  |  SMBs

Across the United States, ongoing fears that the economy may still be running too hot remain elevated, with most Main Street small- to medium-sized businesses...

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Micro Excitements Drive Macro Economy — but It’s a Two-Way Street
Micro Excitements Drive Macro Economy — but It’s a Two-Way Street
July 27, 2023  |  Economy

Today’s business operating landscape is a decidedly modern one. And an increasingly digital one — the hyperconnectivity of which impacts nearly every near and long-term...

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Federal Reserve Bank of Chicago President Optimistic About Inflation Easing
Federal Reserve Bank of Chicago President Optimistic About Inflation Easing
July 14, 2023  |  Economy

The Federal Reserve Bank of Chicago President Austan Goolsbee expressed his optimism regarding the recent consumer-price data, which showed inflation easing. “It’s at least promising that this...

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Mixed PMI Data Signals Recession May Still Hit Main Street Small Businesses
Mixed PMI Data Signals Recession May Still Hit Main Street Small Businesses
June 23, 2023  |  SMBs

For Main Street’s small businesses, the jury’s still out as to whether — or when — a recession will hit. A spate of recent economic...

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