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The economy is reliant on the ‘fortunes of the well-to-do’ says Moody’s—if the ultra-rich get nervy that means recession
Mark Zandi says of the rich: "If they turn more cautious, for whatever reason, the economy has a big problem." ... Read More
Wells Fargo CEO sees 'more downside' to U.S. economy as lower-income consumers struggle
Wells Fargo CEO Charles Scharf commented on the state of the economy the day after JPMorgan Chase CEO Jamie Dimon said jobs data shows the economy is weakening. Read More
The U.S. added just 22,000 jobs in August, confirming dramatic slowdown in the labor market
U.S. job growth has almost entirely ground to a standstill, according to government data released Friday. The Bureau of Labor Statistics (BLS) reported that the U.S. added 22,000 jobs in August, well ... Read More
Employers added 22,000 jobs in August, falling short of forecasts, as labor market cools
Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ... Read More
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