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The Latest Breaking News from Recession

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

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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

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.

GOBankingRates

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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.

Fortune

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.

Euronews

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.

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.”

Fortune

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.

GOBankingRates

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

Also: All the news and watercooler chat from Fortune.

Fortune

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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.

Fortune

Goldman economists on the Gen Z hiring nightmare: ‘Jobless growth’ is probably the new normal

“History also suggests that the full consequences of AI for the labor market might not become apparent until a recession hits.”

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Benzinga

Justin Wolfers Warns Of 'Two Economies:' 'We're On The Cusp Of A Non-AI Recession'

Economist Justin Wolfers issued a stark warning in a recent CNN appearance, arguing that the U.S. is effectively operating as “two economies” where a massive Artificial Intelligence boom is concealing significant weakness in all other sectors.

GOBankingRates

I Asked a Career Coach What Jobs Will Still Pay Well in a Recession: Here’s What He Said

Worried about a downturn? These expert-backed careers in cybersecurity, mental health and skilled trades offer stability -- and strong earning potential.

Fortune

Roughly half of U.S. states are effectively in a recession and ‘hanging on by their fingertips,’ Moody’s chief economist says

Moody’s chief economist, Mark Zandi, tells Fortune parts of America are already in recession, with 22 states contracting despite strong national GDP growth.

International Business Times UK

Dimon's Dread: JPMorgan Boss Warns of 2026 Recession Despite GDP Surge

JPMorgan CEO Jamie Dimon warns of a possible 2026 recession, challenging Wall Street's optimism despite strong US GDP growth and low unemployment. His remarks spotlight inflation, geopolitics, and fiscal instability as potential triggers.

Benzinga

Jamie Dimon Issues Fresh Recession Warning For 2026, Says Inflation May Be Stubborn: 'Little More Nervous About...'

JPMorgan Chase Co. (NYSE:JPM) CEO Jamie Dimon has still not ruled out a possible recession in 2026, even though U.S. GDP is tracking upwards right now.

Fortune

Jamie Dimon isn’t so sure the U.S. will avoid a recession next year—even if Wall Street is convinced otherwise

JPMorgan CEO Jamie Dimon says a U.S. recession could hit in 2026, a warning to markets not to get complacent despite strong GDP growth and AI optimism.

Benzinga

Report Shows Hiring Nearly Stopped As Shutdown Silences Official Job Numbers

The latest jobs data, sourced from the Carlyle Group‘s proprietary reporting, shows hiring nearly ground to a halt in September — recording the weakest jobs report since the immediate aftermath of the 2020 recession.

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