The outlook for the American economy has been largely gloomy in recent months due to rising interest rates, weak consumer spending, and inflation reaching a four-decade high. Most economists predict some kind of recession in 2023.
Last year was one of the worst years for equities, with all three major indexes having their worst year since 2008, cutting a three-year winning streak.
A system outage from the Federal Aviation Administration travel Wednesday as thousands of flights in the U.S. were delayed or canceled.
President Joe Biden said in a press conference that the root cause for the outage was still unknown.
More than 1,200 U.S. flights were delayed Wednesday morning after the Federal Aviation Administration (FAA) witnessed an outage of the system that sends messages to pilots.