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The Latest Breaking News from Recession

22 States in or Near a Recession Right Now — and What It Means for Residents

Find out which 25 states are in or near a recession and learn what this economic slowdown could mean for residents and their financial future.

GOBankingRates

'The tariffs are a big tax increase': Top bank crunches the numbers on how much Americans are paying for Trump's trade regime

"A decent chunk of the economy is in recession," according to UBS economists.

Fortune

Yes, there is an AI investment bubble – here are three scenarios for how it could end

Booms and busts are a recurring feature of modern economics, but when an asset’s value becomes overinflated, a boom quickly becomes a bubble.

The Conversation

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read the most diverse news in one place.

Millennials Who Survived 2008 Have Brutal Advice for Gen Z Facing The 'AI Recession'—And It's Not Pretty

When a Gen Z Redditor asked Millennials how they survived the recession in their 20s, the responses painted a stark picture of economic desperation that feels eerily relevant as today’s young workers face what some are calling the “AI takeover” of entry-level jobs.

Benzinga

The U.S. job market is slowing, not collapsing

The labor market is not favorable for job seekers, but it's not the kind of full-on rout you see when a recession is imminent.

Axios

Trump Will Use Supreme Court's Tariff Ruling As 'Scapegoat' For Recession, Says Economist Peter Schiff: Court Is Doing Him 'A Favor'

With President Donald Trump’s trade and tariff policies facing scrutiny at the Supreme Court, economist Peter Schiff has said that the apex court could be doing Trump a favor by striking them down.

Benzinga

‘Recession indicator’: California woman tries to get makeup at Dollar Tree. There’s only one thing holding her back—and it has shoppers losing it

A California Dollar Tree shopper heads to the makeup aisle. However, she stops in her tracks when she notices a bizarre new theft deterrent at the discount retailer.

The Mary Sue

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Corporate America is trying to tell us something about the economy, top analyst says: A 3-year recession for ‘much of the private economy’ ended in April

Morgan Stanley’s Mike Wilson was a lonely voice on Wall Street calling a “rolling recession” when others saw a boom. Now he sees a “rolling recovery.”

Fortune

America’s wealthiest billionaires got $698 billion richer this year—and Trump's tax policy could give them a new windfall

The top 10 richest U.S. billionaires took home 833,631x more money than the typical American home, and inequality could get worse thanks to President Donald Trump’s tax changes, job scarcity, and a looming recession

Fortune

Canada’s Liberal party says budget of ‘sacrifice’ needed to avoid recession

Country set to unveil PM Mark Carney’s spending plan as it battles trade war with US and protracted cost of living crisis

The Guardian - US

Scott Bessent Admits Parts Of US Economy Are In Recession, Says Overall Still In 'Good Shape'

Treasury Secretary Scott Bessent blamed the current state of the economy on Federal Reserve policies and attributed high inflation to high government spending during the COVID era, which the Trump Administration is cutting.

Benzinga

Bessent: U.S. faces broader recession risk without more Fed cuts

The Fed signaled the next rate cut isn't a sure thing

Axios

Economist Says These 2 States Could Decide America's Recession Fate

Economist Mark Zandi of Moody's Analytics says two states—New York and California—could determine whether the United States enters a recession, as their economic performance mirrors broader national trends.

Benzinga

BofA CEO Warns Shutdown Could Slow Economy; Economist Sees Rising Recession Risk (CORRECTED)

Editor's Note: This article has been updated to correctly reflect comments made by Bank of America CEO Brian Moynihan

Benzinga

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GOBankingRates

Vivian Tu’s 5 Money Saving Hacks for a Recession

Your Rich BFF Vivian Tu shared 5 recession money strategies including bigger emergency funds, debt payoff priorities and smart spending cuts that actually work.

Fortune

As Gen Z faces the white collar freeze in hiring, law and business school applications are soaring

Gen Z is rushing back to the classroom to dodge AI disruption as law-school applications have jumped 33% compared to this time last year.

Euronews

How long can the Russian economy continue to fund the frontline?

The Russian economy is balancing on the edge of recession, yet the war could go on for years. Its financing appears to have no immediate major obstacles, according to experts.

Fortune

Why is Washington acting like the U.S. is in a recession?

On paper, the economy is growing and unemployment is low. But federal government policymakers are behaving like there is an imminent crisis.

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Fortune

Russia's 'disposable-goods' war economy is getting busier but poorer, and Trump's new sanctions could trigger a recession, analysts say

"But the country has exhausted its reserves of manufacturing capacity and manpower."

Fortune

These 2 states will determine if the U.S. slips into a recession while one more enters the danger zone, top economist says

“This state-level picture mirrors the national trend: The U.S. economy is not in recession, but it is struggling to avoid one.”

GOBankingRates

8 Ways Frugal People Are Living Like There’s Already a Recession

More people are adjusting their finances in real time as economic pressure builds in the U.S. Here are some practical ways to stay ahead when money gets tight.

Fortune

A recession could test whether AI is truly fueling an economy with 'jobless growth'

Also: All the news and watercooler chat from Fortune.

inkl

How U.S. Truck Dispatch Companies Are Adapting to the Freight Recession

The U.S. trucking industry has been mired in a “freight recession” since 2022, creating a perfect storm of challenges for carriers and dispatchers alike.

Benzinga

Trump Tariffs To Wreak Havoc For 'Inflation-Fearing Consumers,' Shows Fed's Beige Book, But Analyst Notes Recession Risks Appear 'Well Contained'

The Federal Reserve's latest Beige Book report reveals that tariffs implemented by the Donald Trump administration are translating into higher costs for businesses, with the financial burden increasingly being passed on to consumers.

Barchart

Why Plunging Oil Prices Could Be the ‘Canary in the Coal Mine’ for a Recession

Senior Market Strategist John Rowland discusses leading indicators to watch for the economy as markets undergo a period of volatility.

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