The outlook for corporate profits has swiftly deteriorated, with inflation still fast and a banking scare prompting some investor caution.
Tag: Recession and Depression
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California Economy Is on Edge After Tech Layoffs and Studio Cutbacks
As recession fears persist, the troubles in major industries have hurt tax revenues, turning the state’s $100 billion surplus into a deficit.
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Latest Jobs Data Hints at a Slowdown That President Biden Needs
Robust growth in jobs has delighted the White House and helped the economy avoid a recession, but it has been accompanied by persistently high inflation.
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Latest Jobs Data Hints at a Slowdown That President Biden Needs
Robust growth in jobs has delighted the White House and helped the economy avoid a recession, but it has been accompanied by persistently high inflation.