The real gross domestic product (GDP) of the United States grew at an annual rate of 2.9 percent in the third quarter of 2022, increasing more than the advance estimate of 2.6 percent issued by the Bureau of Economic Analysis (BEA) last month, but expert analysts are warning against premature celebrations amid a looming recession….

The U.S. economy grows for the first time this year, but does it mean we are no longer facing a recession? We have analysis. The International Energy Agency lays out its plan to hit net zero emissions by 2050. It wants to double investments in renewable energy, from $2 trillion to $4 trillion. Shares of…

The U.S. economy grows for the first time this year, but does it mean we are no longer facing a recession? The International Energy Agency lays out its plan to hit net zero emissions by 2050. It wants to double investments in renewable energy, from $2 trillion to $4 trillion. Shares of tech giant Meta plunged…

The U.S. economy shrinks again, for the second quarter in a row. Experts say, even if we’re not in a recession, we’re close to one. In a surprise reversal, Senator Joe Manchin backs a Democrat bill focusing on climate, taxes, and health. What’s in it? JetBlue wins the takeover battle for Spirit Airlines; now it faces…

The U.S. economy shrinks again for the second quarter in a row. Experts say that even if we’re not in a recession, we’re close to one. In a surprise reversal, Sen. Joe Manchin backs a Democrat bill focusing on climate, taxes, and health. What’s in it? JetBlue wins the takeover battle for Spirit Airlines; now it…

The U.S. economy in the first quarter of 2022 saw its worse contraction since the pandemic in 2020, according to revised data from the U.S. Bureau of Economic Analysis (BEA) released on June 29. The agency blames the downturn on an unexpected decline in economic activity due to the Omicron variant amid reduced government assistance. “The…

Goldman Sachs is warning that markets are a bit too relaxed about the risk posed by the Ukraine situation and economists at the bank have predicted the American economy to fall into recession next year. Current prices in the market are no longer reflecting the negative scenarios that could pan out from the Russia-Ukraine conflict….

Commentary I was surprised to see a tweet from President Joe Biden showing the gross domestic product (GDP) of the United States for 2021 compared to the average GDP growth under other presidents. The tweet stated: “This didn’t happen by accident. Because of the actions we took, last year we achieved the fastest economic growth…

News Analysis Wall Street is split on the U.S. economy possibly facing a stagflation threat in the post-pandemic recovery. Stagflation—a trifecta of slowing economic growth, rising inflation, and high unemployment—is the talk of the finance industry. Goldman Sachs analysts recently revealed that stagflation is “the most common word in client conversation.” The widespread discussions come…