David Gura

Robinhood – the company that became a household name during the pandemic – is cutting staff, citing a deteriorating economy and worsening market.

How are people coping at a time when the economy is struggling? The U.S. economy contracted for the second-straight quarter, which traditionally signals a recession is underway.

The federal government is releasing its latest update on the U.S. economy. But numbers showing negative growth in the second quarter of the year will add to fears that a recession is underway.

GDP shrank for a 2nd quarter in a row. While two consecutive quarters of negative growth is often considered a recession, it's not an official definition. Parts of the economy are clearly struggling.

The Federal Reserve is expected to hike its benchmark interest rate by an additional three-quarters of a percentage point on Wednesday, as it continues to fight high inflation.

U.S. Federal Reserve raises rates for fourth time in 2022, this time by another three-quarters of a percentage point to battle inflation. It's at a size and pace we haven't seen since the 1980s.

Many first-time investors bought Bitcoin and other cryptocurrencies as they neared all-time highs, and crypto companies spent millions on marketing. Today, they are coping with painful losses.

This week, the Federal Reserve will again decide whether and how much to raise interest rates to try to bring inflation under control.

If the Federal Reserves moves too aggressively to combat inflation, there are fears it could trigger a recession. (Story first aired on Weekend Edition Sunday on June 12, 2022.)

Landing a job at Goldman Sachs is a golden ticket. It's harder to get hired by Goldman than to get into Harvard. CEO David Solomon says 3,500 workers start this week. He wants them all in the office.

A steep sell-off has hurt many first-time investors who bought crypto last year, when Bitcoin and other digital currencies were hitting record highs.

The dollar has continued to strengthen against the euro, and for the first time in decades, the two currencies are worth about the same.

s Wall Street worries about the effects of high inflation and a potential recession, company forecasts will give investors a better sense of where the U.S. economy may be heading.

In a lawsuit, Twitter has asked the Delaware Court of Chancery to order the Tesla CEO to follow through with a $44 billion takeover bid for the social media company.

Private companies are sitting on the sidelines in 2022 after a record setting year of initial public offerings fueled by cheap borrowing.

All that whipsawing on Wall Street in the first half of the year reflects real nervousness. Investors are worried the Fed may tip the economy into a recession.

Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.

Due to high inflation, rising interest rates and economic fears, stock markets are seeing a sharp decline in the number of private companies that want to begin selling stock to the general public.

FTX CEO Sam Bankman-Fried says that, until investors get used to higher interest rates, risk assets, including cryptocurrency, won't recover.

Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.