A quarter of economists expect a recessi...

The Labor Department said today that 206,000 new jobs were created in June and the May jobs number was revised down; wages rose 0.3% last month; stocks, bonds and the British pound all rose today after the Labour Party’s resounding victory; Saks Fifth Avenue is buying Neiman Marc ... Show More

Markets hit new highs; Fed minutes show a wait and see approach to rate cuts; Labor market shows more signs of slowing; Skydance-Paramount deal back on. 

A record 71 million expected to travel during holiday period, AAA forecasts; continuing claims continue to climb; trade deficit widened in May; auto sales were sluggish in May. 

<p>Stocks Drop After Historic Rally… And Banks Ready To Kick Off Earnings Season</p><p>Description: Stocks slump, bonds spike, and oil prices slide after yesterday’s massive rally. How Wall Street is sounding the alarm on a possible recession, and where you can hide out when even ... Show More

The U.S. central bank reduced its overnight borrowing rate by a quarter point to a target range of 4.25% to 4.5%, as expected. However, new quarterly forecasts showed several officials penciled in fewer rate cuts for next year than they estimated just a few months ago, and saw in ... Show More

Stocks close mixed; year-over-year inflation steadily ticking down; Fed chair Jay Powell says data in line with Fed’s expectations; consumer spending rises. 

The market sinking after the Federal Reserve raised interest rates by 75 basis points and forecast more hikes in the future to fight inflation. Former National Economic Council Dirctor Gary Cohn weighs in on whether a recession is now more likely than a soft landing. Jefferies Ch ... Show More