August 2019

Bank of America Increases Odds of a Recession in the Next Year

According to Bank of America, the chances of an economic downturn are now more than 30%.Our official model has the probability of a recession over the next 12 months only pegged at about 20%, but our subjective call based on the slew of data and events leads us to believe it is closer to a 1-in-3 chance, Bank of America’s head of U.S. economics Michelle Meyer, via statement.Recession fears have increased during the ongoing U.S.-China trade war and slowing business investment in America.A worldwide slowdown has contributed to falling interest rates in the U.S. as well.Meyer adds that there are a few economic indicators currently at levels where they were when previous recessions struck.They include auto sales and industrial production

Business

View all

Burger King to Sell 'Ghost Whopper' for Halloween

October 22, 2019

Johnson & Johnson Recalls 33,000 Bottles of Baby Powder Due to Asbestos

October 22, 2019

Juul Halts Nationwide Sale of Flavored Pods Pending FDA Review

October 18, 2019

Entertainment

View all

'Joker' to Become Highest-Grossing R-Rated Film

October 22, 2019

Miley Cyrus Reveals She Felt She ‘Had to Be Gay’

October 22, 2019

Michelle Obama Reveals Toned Stomach in New Instagram Pic

October 22, 2019

Lifestyle

View all

America's Top 10 Most Haunted Cities

October 22, 2019

Can Tiny Doses of Magic Mushrooms Improve Creativity?

October 21, 2019

These Foods May Help Prevent Memory Loss

October 18, 2019

California Counties Face More Blackouts This Week

October 22, 2019

Johnson & Johnson Recalls 33,000 Bottles of Baby Powder Due to Asbestos

October 22, 2019

Excessive Brain Activity Is Linked to Shorter Life Span in New Study

October 22, 2019

Politics

View all

Barack Obama Endorses Justin Trudeau for Re-Election

October 22, 2019

#PelosiOwnsTrump Trends Following Trump's 'Nervous Nancy' Tweet

October 18, 2019

Third Democratic Debate: Best Moments

October 16, 2019

Sports

View all

NBA Passes Zero-Tolerance Policy for Abusive Fan Behavior

October 22, 2019

Michigan State Tops AP Preseason Men's Basketball Poll for First Time

October 22, 2019

China Denies Asking NBA for Daryl Morey to Be Fired

October 21, 2019

Technology

View all

Google Reveals Pixel 4 Smartphone

October 16, 2019

Issa Rae Lends Her Voice to Google Assistant

October 14, 2019

Fortnite Accused of Being as Addictive as Cocaine in Class-Action Lawsuit

October 9, 2019