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Is the US economy in recession? Here are 8 offbeat indicators to watch

Technically, the call is made by a panel of experts looking at monthly indicators of employment, consumer spending, personal income and manufacturing, among others. But with inflation at a four-decade high, many Americans already feel like the country is in a recession.
With inflation at a four-decade high, many Americans already feel like the country is in a recession(AP Photo)
With inflation at a four-decade high, many Americans already feel like the country is in a recession(AP Photo)
Published on Aug 02, 2022 10:56 AM IST
Bloomberg |

Wall Street texting habit sticks banks with rare $1 billion bill

Morgan Stanley disclosed on Thursday that it expects to pay a $200 million fine, the same amount JPMorgan Chase & Co. paid as authorities use that settlement as a yardstick for the industry.
Wall Street texting habit sticks banks with rare $1 billion bill(Reuters)
Wall Street texting habit sticks banks with rare $1 billion bill(Reuters)
Published on Jul 15, 2022 11:18 AM IST
Bloomberg |

Wall Street stocks end with weekly gains for first time in two months

  • Friday's gains extend a rally that began Wednesday, reversing the battering stocks have encountered most of the year as the Federal Reserve has launched aggressive steps to tighten monetary policy in response to inflation.
Security guards walk past the Wall Street subway station near the New York Stock Exchange (NYSE) in New York on May 27, 2022. (AFP)
Security guards walk past the Wall Street subway station near the New York Stock Exchange (NYSE) in New York on May 27, 2022. (AFP)
Published on May 28, 2022 08:39 AM IST
AFP |

Wall Street ends mixed, Tesla falls

Wall Street opened stronger on Friday morning before turning sharply negative and adding to deep losses sustained earlier in the week.
A sign for a Wall Street building is shown, (AP file photo)
A sign for a Wall Street building is shown, (AP file photo)
Published on May 21, 2022 01:46 AM IST
Reuters |

Wall Street ends April with more losses, Amazon sees first loss in 7 years

  • Amazon plunged 14.1 percent after offering a disappointing forecast as it battles rising costs amid slowing growth compared with earlier in the pandemic. The company reported its first loss since 2015.
FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S.(REUTERS)
FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S.(REUTERS)
Published on Apr 30, 2022 05:50 AM IST
AFP |
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