Gus Faucher

The U.S. Commerce Department revised its second-quarter GDP estimate slightly Wednesday, reporting that the U.S. economy shrank by 31.4% in the second quarter. The new estimate is up slightly from the previous estimate of a 31.7% decline. The GDP Numbers: The second quarter represents the largest...

The bond market flashed yet another warning signal for investors on Wednesday that a downturn for the economy may be coming. Despite the S&P 500 hitting new all-time highs, the yield on 30-year U.S. Treasury bonds briefly dipped below the overnight fed funds rate, a signal that has preceded the...