Stocks Tumble Again on Wall Street - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Stocks Tumble Again on Wall Street

An upcoming interest rate cut could not stop stocks from tumbling Wednesday on Wall Street.

One local financial expert reports a recession is likely but it won't be easy to figure out just when it hits.

That's because by the time analysts can identify a recession, the country could be knee-deep in one, or actually out of it. 

Economists define a recession as two back to back quarters of negative growth in the economy.  

That means six months in a row of a decline in the nation's output.

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  • Wednesday's Weather: Light winds with high temps in the low 60s

    Wednesday's Weather: Light winds with high temps in the low 60s

    Wednesday, November 22 2017 6:15 AM EST2017-11-22 11:15:18 GMT
    SOURCE: KFDASOURCE: KFDA

    Weather Outlook for Wednesday, Nov. 22 

    Weather Outlook for Wednesday, Nov. 22 

  • Deputy embracing comedy to solve crimes

    Deputy embracing comedy to solve crimes

    Tuesday, November 21 2017 11:36 PM EST2017-11-22 04:36:50 GMT
    Source: Moore County Crime StoppersSource: Moore County Crime Stoppers

    Moore County Crime Stoppers has put a record number of fugitives behind bars this year, and the group credits its success to a new comedic approach to solving crimes.

    Moore County Crime Stoppers has put a record number of fugitives behind bars this year, and the group credits its success to a new comedic approach to solving crimes.

  • Officials: vacant properties lead to fire hazards

    Officials: vacant properties lead to fire hazards

    Tuesday, November 21 2017 9:57 PM EST2017-11-22 02:57:13 GMT
    Source KFDASource KFDA

    Vacant properties aren't just eye sores to the community. These abandoned homes increase the chance of crime, promote illegal activity, and are serious fire hazards. "Often we find that even though it might be boarded up someone has found a way to enter the structure. And as it gets cold, obviously those people may try to start a fire or something inside to stay warm. And as a result of course we get a structure fire," said Community Development Administrator James Allen. ...

    Vacant properties aren't just eye sores to the community. These abandoned homes increase the chance of crime, promote illegal activity, and are serious fire hazards. "Often we find that even though it might be boarded up someone has found a way to enter the structure. And as it gets cold, obviously those people may try to start a fire or something inside to stay warm. And as a result of course we get a structure fire," said Community Development Administrator James Allen. ...

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