The latest jobs report from private payroll firm ADP shows the labor market remains resilient. Also, Bank of America now says a soft landing for the economy is likely with a recession being avoided. But the optimism comes as the credit rating agency Fitch downgraded the U.S. credit rating from AAA to AA+. NBC News’ Tom Costello breaks down why and what it means for Americans.
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Thanks, bud for keeping us financially educated! Regardless of how bad it gets on the economy, I still make over $20,000 every single week
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth…
The guy who wrecked the room is still running for president!
Who are we borrowing money from ? Congress as the ability to make debt free money but we don’t .
Recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be — and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
Good job dramacrats. You earned this one. You got hit on your 401k when Biden was elected, now you get hit again. As kamala said, "help has arrived." Dramacrats so naive they never learn and are willing to pay higher cost of living.
All I see EVERY time I’m at the grocery store are people shoplifting food, and other items. 🤔🤷🏼♂️🤔🤷🏼♂️
It's as if people forget what happened during the pandemic. Thousands of businesses closed and will never reopen again. It will take time before everything evens out. It could take a couple more years
Massive poverty, homelessness, people can’t afford rent and their mortgage. Prices have tripled while wages have barely risen. I’d say we are in a recession already.
Fake news.
Yesterday, a major trucking company laid off over 30,000 people, and now they are saying the economy is good? Huh?
The economy is in a shambles because the Pentagon takes all the money
The media is almost completely to blame for the political polarization that contributed to this downgrade
I believe our president, Joe Biden will guide us through the end of the tunnel in an amazing way! That's why I voted for him and will vote again in 2024.
Receding inflation? I haven’t seen it in the grocery store, except in egg prices.
corporate america , nothing else matters
30,000 Truckers Out of Work—-Thank you, Joe Biden.
Thank you biden 😊
Kinda funny two of the biggest trucking companies just went under banks closing democrats have every News outlet lying out there a"" this economy is in the toilet inflation is high groceries and gas still cost three times as much as they did under Trump.
Biden sucks!!!!!!
Bidenomics for you
credit rating says it all
The GOP extremist trying to destroy our democracy are the main cause for the lowering of the credit rating…. If it is true that every man is created equal, then our justice system better start putting the enemies of democracy behind bars!!
If Bidenomics means taking a bunch of money from China and putting it in your pocket, we doin real good.
Another recession & people still don't think it bidens fault 😂😂😂 base of complete idiots
Trumps fault
Get Biden out
DESANTIS 2024🇺🇲
Fitch should cite the House Republicans for political dysfunction.
I honestly think that the United States should hold the Goodwill games for the athletes of the United States and any of our allies I inherited an Empire and I don't want the athletes from the Nations within the Empire of Aztec to compete at the Olympics I'd much rather they went to the Goodwill game so that they don't fraternize the Olympics are going to be held in France in 2024 and we're at war with Russia