Market correction may not be over yet
Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. Michael M. Santiago | Getty Images This report …
Recessions and depressions
Markets are counting on the Fed to head off recession with sizeable interest rate cuts
Federal Reserve Chairman Jerome Powell takes a question from a reporter during a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve …
Massachusetts governor says there’s nothing she can do to prevent 2 hospitals from closing
BOSTON — Massachusetts has agreed to provide about $30 million to help support the operations of six hospitals that Steward Health Care is trying to turn over to new owners …
Steward Health Care announces closure of 2 Massachusetts hospitals
BOSTON — Steward Health Care announced Friday that is it closing two hospitals in Massachusetts because it received no qualified bids for the facilities after declaring bankruptcy earlier this year. …
Senate committee votes to investigate Steward Health Care bankruptcy and subpoena its CEO
BOSTON — A Senate committee voted Thursday to authorize an investigation into the bankruptcy of Steward Health Care and to subpoena the company’s CEO, Dr. Ralph de la Torre. The …
Why a common recession indicator doesn’t seem to be working anymore
Pedestrians walk along Wall Street near the New York Stock Exchange (NYSE) in New York, US, on Thursday, May 16, 2024. Alex Kent | Bloomberg | Getty Images Wall Street’s …
Chance of Biden dropping out of presidental race is 40%, Stifel says
There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington policy strategist, is out with a research note that calls …
Recession risk remains low despite jump in unemployment rate, experts say
People walk past a restaurant, with a hiring sign outside, in Washington, D.C., on Oct. 5, 2023. Andrew Caballero-Reynolds | AFP | Getty Images The unemployment rate, which has remained …
Economist Sahm, who devised recession rule, says the Fed is ‘playing with fire’
Economist Claudia Sahm on CNBC’s The Exchange. CNBC The Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author of a …
Lawmakers seek health care and retirement protections for Steward Health Care workers
BOSTON — A group of Democratic members of Congress, led by Sen. Edward Markey of Massachusetts, is seeking reassurances that workers at hospitals owned by Steward Health Care will have …