The Latest Breaking News from Great Recession

Global sales of personal luxury goods are forecast to shrink next year for the first time since the Great Recession in 2008 and the COVID-19 pandemic

​Before Tim Walz was Democrats' vice-presidential nominee, he broke with his party and opposed the Great Recession's auto industry bailout.

Facing slower traffic in sales offices with buyers facing higher mortgage rates, North Texas homebuilders are hitting the brakes at a pace not seen since the Great Recession.

Recessions are more than just a slowing economy, volatile stock market and a bad spell of data. Behind the numbers and jargon are real people — and real livelihoods at stake.

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally is slowing. While demand and price gains are cooling, any correction is likely to be a modest one, housing economists and analysts say. No one expects…

Average long-term U.S. mortgage rates ticked down modestly this week after six straight weeks of gains pushed rates to heights not seen in more than a decade, before a crash in the housing market triggered the Great Recession in 2008

Mortgage rates are at their highest point since the Great Recession as housing affordability continues to decline, according to Freddie Mac (OTCMKTS: FMCC) data.

Some would say the 20th century ended at Y2K — midnight on Jan. 1, 2000. Others would say that, as a historical phenomenon, it extended until the shock of Sept. 11, 2001. And others still might cite the Great Recession or even the election of Donald Trump as the real…

The California Public Employees' Retirement System reported a loss of more than 6% last fiscal year, its first negative investment return since the Great Recession, the state pension fund said Wednesday.