Michael Flood

FILE - An American flag adorns the facade of the New York Stock Exchange on June 29, 2022, in New York. Stocks are opening broadly higher on Wall Street Tuesday, July 19, 2022, as more earnings reports roll in from U.S. companies. (AP Photo/Julia Nikhinson, File)

GDP report signals America in recession

The looming GDP report has been released and shows another contraction in the second quarter. The Bureau of Economic Statistics revealed the national GDP shrank by 0.9 percent. This marks the second straight quarter of decline, further fueling fears of a recession.