economic crisis

Companies won't abandon Hong Kong yet

The political unrest in Asia's premiere financial hub has taken a dark, violent turn this week. But the turmoil is not scaring investors and companies away — at least, not yet.

Recession not right around the corner, Fed official says

The American economy is experiencing turbulence. The trade war and global weakness are slowing growth. But Mary Daly, the president of the San Francisco Federal Reserve, is confident the economy will get through the storm unscathed.

Next recession may not be as bad as 2008

Recession fears are on the rise in the United States. Memories of the last downturn are exacerbating these worries: The last time America faced a recession was in 2008, as the financial crisis was unfolding. Millions of people lost their jobs, GDP growth plummeted and businesses shut down.

Goldman Sachs predicts no economy crisis

To Goldman Sachs CEO David Solomon, the current economic environment doesn't feel like the pre-crisis days of August 2007. But he identifies at least one thing that could cause the economy to go off track: The trade war.

Fed chair says economy is in 'good health' despite risks

America's economy is still growing robustly, but a string of possible outside shocks including President Donald Trump's protracted trade rift with China could trigger a downturn, according to a report released by the Federal Reserve on Wednesday.