Tag: recession
Stock market plunges after Fed takes action to fight inflation l ABCNL
ABC News’ business reporter Alexis Christoforous discusses the latest on the stock market as concerns rise over a possible recession. WATCH the ABC News Live…
Stock market takes steep plunge after latest interest rate hike l GMA
Faced with historic inflation, the Federal Reserve has hiked interest rates to drive prices lower, but the move could slow spending and increase the chance…
Secretary Yellen believes recession is not ‘inevitable’
Treasury Secretary Janet Yellen said Sunday that a recession was not “at all inevitable” despite some experts forecasting it could happen within the next 12…
Stock market records worst week since beginning of pandemic l ABCNL
Amid rising inflation and recession fears, the S&P 500 is now officially in a bear market after its worst week since March 2020. WATCH the…
National gas prices near $5 a gallon l GMA
ABC News’ Kaylee Hartung reports from Los Angeles as the national average for a gallon of regular gasoline continue to climb. #ABCNews #gasprices #recession #economy…
Recession fears return
The market is now in a bear territory as a number of stocks fell sharply on Monday, triggering fears of another recession. WATCH FULL EPISODES…
Stock market has worst day since 2020 l GMA
The Dow fell more than 1,100 points on Wednesday due to worrying signs of faltering economic growth and fears of a recession. #ABCNews #StockMarket #Recession…
Fallout from latest inflation report as gas prices rise l GMA
ABC News’ Trevor Ault reports on the latest government inflation report, which shows prices are up 8.3% compared to a year ago, with gas prices…
All eyes on new inflation report as prices rise l GMA
Rebecca Jarvis reports on the latest inflation data and what it signals about the health of the U.S. economy. READ MORE: https://abcn.ws/3yvcCqP #ABCNews #Inflation #CPI…
How inflation is impacting consumers
With inflation hitting a 40-year high, ABC News spoke with economists about how it hits Americans’ wallets and what can be done to ease it….
President Joe Biden remarks on new jobs report
The U.S. economy exceeded expectations, adding 850,000 jobs in June. source
Trump says economy is ‘strong’ amid Dow plunge | ABC News
President Donald Trump tweeted that the economy is “strong” as he is trying to ease fears about a trade war with China. #ABCNews #PresidentTrump #Tweet…
Philadelphia shootout, recession fears grow, Hong Kong protests rage on | ABC News
Watch “It’s Morning, America†weekdays on ABC News Live SUBSCRIBE to ABC NEWS: https://www.youtube.com/ABCNews/ Watch More on http://abcnews.go.com/ LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews FOLLOW…
Dow plunges 800 points amid growing recession fears | ABC News
Wall Street is reeling as investors appear to be rattled by an escalating trade war with China and fears of a slowing global economy. #ABCNews…
White House dismisses fears of a recession l ABC News
President Donald Trump’s economic advisers have a singular message that the economy is strong, but other experts are concerned. #ABCNews #Trump #Economy #Recession #StockMarket source
Trump backs ending birthright citizenship | ABC News
President Donald Trump reignited yet another controversy by backing an end to birthright citizenship, a process enshrined in the 14th Amendment. #ABCNews #President #Trump #Birthright…
Trump’s approval rating drops 6 points in new poll l ABCNews
President Trump fell from a career-high 44% approval in July to 38% in the latest ABC News/Washington Post poll. READ MORE: https://abcn.ws/2lHVtqw Six in 10…
How COVID-19 is impacting the economy
Mark Zandi, chief economist at Moody’s Analytics, analyzes the odds that the coronavirus will put the country into a recession. source
Trading temporarily halted as markets plummet despite Fed intervention | ABC News
The Dow Jones Industrial Average plummeted more than 2,250 points or 9.7% just after trading began Monday. BREAKING NEWS: https://abcn.ws/33sEQkr SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP…
Economy reels from coronavirus pandemic as some states prepare to reopen
An estimated 30% of the country’s economy shut down and the GDP has fallen 4.8% in the first quarter of this year, the worst since…
