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First Republic shares fell sharply amid the exit of several financial advisors, Cloudflare slid after a guidance slash, and Pinterest dropped after a disappointing forecast. Read More...

AP Finance

How will we know if the US economy is in a recession?

The government’s report Thursday that the economy grew at a 1.1% annual rate last quarter signaled that one of the most-anticipated recessions in recent U.S. history has yet to arrive. Many economists, though, still expect a recession to hit as soon as the current April-June quarter — or soon thereafter. The economy’s expansion in the first three months of the year was driven mostly by healthy consumer spending, yet shoppers turned more cautious toward the end of the quarter.

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