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Can U.S. Avoid A Recession? As Inflation Eases, Optimism Rises

WASHINGTON — For months, the outlook for the U.S. economy has been a mostly bleak one: Inflation hitting a four-decade high, consumer spending weakening, interest rates surging. Most economists penciled in a recession for 2023. An economic downturn is still possible. Yet in recent weeks, with inflation showing widespread signs of easing, a more cheerful view has gained traction: Maybe a recession isn’t inevitable after all. One reason for the tentative optimism is evidence that an acceleration in U.S. wages, which has benefited workers but also heightened inflation, is slowing. ...

TRC Adds Phelps To Leadership Post

The Resource Center has announced the hiring of Jacqueline C. Phelps as its assistant executive director for quality assurance, quality improvement and compliance. In her new job, Phelps is responsible for seeing that The Resource Center provides high-quality services and supports that ...

Small Businesses To Tackle Long List Of Challenges In 2023

NEW YORK (AP) — Small businesses face a mix of old and new challenges as 2023 begins. A looming recession, still high (although easing) inflation and labor woes are some of issues carrying over from 2022 that small businesses will have to tackle. There are also new regulatory wrinkles, such as a proposed change in how to classify gig workers and more states requiring pay transparency. After three precarious pandemic years, what transpires in 2023 will make a big difference in whether small businesses across the country are able to stay afloat. RECESSION WORRIES In some ways, ...

CEO Of Booking.com Talks Travel, Leadership

The travel recovery has boosted Booking Holdings Inc. to record quarterly earnings, and Wall Street expects the company to post even bigger profits this year. The company, which operates its namesake website, Booking.com, plus Priceline, Kayak and other travel and dining sites, has earned ...

Past Inflation’s Peak?

WASHINGTON — For the economy, 2022 was a throwback year. And not in a good way. At times, it felt like the 1970s or early ‘80s. Inflation running rampant. The United States and its European allies engaged in a not-so-Cold War with Russia. A bleak outlook leaving people feeling sour and ...

Pain, Few Gains For Investors As Markets Slumped In 2022

Investors found few, if any, safe havens in 2022, as central banks in the U.S. and around the globe raised interest rates for the first time in years to fight surging inflation, stoking fear of a global recession. Consumers paid more for energy, food and just about everything else. Borrowing ...