The Latest Breaking News from James Knightley

Consumer sentiment dropped to a three-year low in November, a month into the government shutdown, led by pessimism in both personal finances and anticipated business conditions

Markets await Jerome Powell’s Jackson Hole speech for clues on rates. With inflation high and jobs weakening, the Fed faces pressure. Powell may leave a September rate cut on the table, but the trajectory isn't guaranteed.

Traditional economic indicators can’t predict the timing of a downturn, but newer forecasting methods are untested.

As Amazon axes 18,000 roles and Tesla loses 65% of its value, we examine the causes of the glitch hitting Silicon Valley

As the U.S. housing market continues to cool, a growing number of forecasters say homeowners could soon experience significant price declines. These analysts look at the record run-up in home prices during the COVID pandemic and say a drop of 20% or more looms in the near future.

Odds are now close to even that the U.S. economy will slip into a recession within the next year as persistent and rapid inflation emboldens the Federal Reserve to pursue larger interest-rate hikes.