Economic events

Is the economy in a recession? ‘What you call it is less relevant,’ says one economist: Here’s ‘what really matters’

‘We should have an objective definition’ Officially, the NBER defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.” In fact, the latest quarterly gross domestic product report, which tracks the overall health of the economy, showed a second consecutive contraction this year. Still, …

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4.2 million people quit in June despite recession worries: ‘A paradox in our economy’

A cooldown in the job market is underway: The number of job openings dropped in June while near-record numbers of people continued to quit and get hired into new roles, according to the Labor Department’s latest Job Openings and Labor Turnover Summary. The labor market posted 10.7 million new job openings in June, which is …

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Stock futures fall to start August trading with market coming off best month since 2020

Strong July sets up S&P 500 for more gains in August and September, Bank of America says The market’s strong performance in July could be lead to more gains in August and September, data compiled by Bank of America shows. Stephen Suttmeier, a technical strategist at the bank, said in a note that, when the …

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