The US economy shrank in the second quarter as sky-high inflation amplified recession fears

US gross domestic product shrank at an annualized rate of 0.9% in the three months that ended in June, missing the 0.5% growth estimate.

View in browser Subscribe Business Insider brings you a personalized selection of our top business stories, every day. Was this email forwarded to you? Sign up for Business Insider here. The US economy shrank in the second quarter as sky-high inflation amplified recession fears US gross domestic product shrank at an annualized rate of 0.9% in the three months that ended in June, missing the 0.5% growth estimate. READ MORE Premium Tim Cook has been taking shots at Mark Zuckerberg for years. It's working. Meta again pointed to Apple's privacy changes causing "headwinds" for its business. Experts think Apple could inflict further pain on Meta, still. READ MORE The housing market could be in a recession, even if the rest of the economy isn't As the real estate market cools off, it could lead to either one of two things: a correction or a crash. READ MORE Premium A Gen Z entrepreneur made $119,000 in vending-machine sales since graduating college. Here's how she built her business. As a recession looms in the US, finding a passive income side hustle can be an advantageous way to increase your income. READ MORE Apple says it fought through a 'challenging operating environment' to keep quarterly sales on track Apple CEO Tim Cook said the company's "constant efforts to innovate" helped it stay on track in Q2, despite inflation and other economic challenges. READ MORE Premium Forget about 'the flippening': A blockchain CEO says bitcoin will never lose crypto's market cap top spot to ethereum despite the imminent 'merge'. He explains why and lays out what's next for the price. The boss of a blockchain firm says bitcoin will never lose its crown as the biggest crypto to ethereum despite the imminent 'merge'. READ MORE The economy shrank in the first half of 2022 — but the US isn't even close to entering an actual recession You'll probably hear more people say the US is in a recession, but several measures of economic health show the rebound still running strong. READ MORE Premium Goldman Sachs: Buy these 18 growth stocks that are cheaper than they've been in years and will survive the Federal Reserve's aggressive rate hikes As the Federal Reserve quickly raises interest rates, growth stocks have tumbled. Goldman Sachs said to buy 18 growth names that are cheap right now. READ MORE Premium Southwest is hiring for thousands of roles, including its first-ever remote positions. Here's how the airline updated its hiring process to keep up with demand. Southwest has hired 10,000 new employees in 2022 and plans to bring on between 3,000 and 5,000 more by December. READ MORE Premium I got into Amazon as a software engineer by sheer luck and immediately knew my technical skills were lacking. Here's how I closed that gap and became a tech lead. Curtis Einsmann knew he was in trouble when he couldn't solve easy LeetCode questions — and "fake it 'til you make it" doesn't work at Amazon. READ MORE Email sent to: aymentanaze.news@blogger.com  |  Manage your email preferences  |  Unsubscribe Terms of Service  |  Privacy Policy © 2022 Insider Inc. 1 Liberty Plaza, New York, NY 10006

If you believe this has been sent to you in error, please safely unsubscribe.