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The Latest Breaking News from GDP

'Wikipedia Is Losing Its Objectivity': Elon Musk Responds To Recession Definition Changing, Page Being Locked

Free community based online encyclopedia Wikipedia allows users to update sites with information and facts. Sometimes users take things too far and post funny items or inaccurate information. In the case of the word “recession,” multiple attempts to change the definition led to the page being locked.

Benzinga

What is a recession? Wikipedia can't decide

An editing battle over its "recession" entry prompted Wikipedia to put a temporarily lock on revisions to prevent new users from repeatedly changing the definitions of recession.

WEKU

Facebook, Instagram Posts Flagged as False for Rejecting Biden's Recession Wordplay

"The fact-checking industry has become a partisan arbiter of political disputes," notes Phil Magness.

Reason

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European, US stocks rise despite latest inflation data

New York (AFP) - Despite fresh data showing the persistence of inflation, European stocks advanced following a better-than-expected GDP report, while Wall Street stock were boosted by solid earnings from Amazon, ExxonMobil and others.

AFP

5 Stocks With the Most Long-Term Growth Potential

While high inflation and GDP decline for two consecutive quarters are raising recession fears, better-than-expected corporate profits and the possibility of a less aggressive rate hike have been restoring investor confidence. Regardless of the uncertainties surrounding the economy and the market, investing in Abbott Laboratories (ABT), Coca-Cola Consolidated (COKE), DLH…

StockNews.com

Top economic takeaways as US wrangles with recession fears

Back-to-back GDP slowdown, Fed raises rates, higher prices and other economic highlights from a busy week.

Al Jazeera

Elon Musk Takes on a Beleaguered Icon

Wikipedia is the subject of much criticism following a controversial change.

The Street

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3 Mighty Mid-Cap Stocks to Buy for the Rest of 2022

Despite another decline in GDP, the major indices are expected to post their best month since November 2020. And irrespective of the market volatility, mid-cap stocks are raking in significant gains. Thus, we think it could be wise to scoop up shares of mighty mid-cap stocks Acuity Brands (AYI), Boyd…

StockNews.com

Why is it so hard to say if this is a recession?

Economists were on high alert Thursday morning awaiting data from the U.S. Commerce Department that might shed light on whether the country is in a recession — a question with vast implications for consumers, employers and electoral politics.

Los Angeles Times

Buy These 3 Monster Growth Stocks Before It’s Too Late

Amid sky-high inflation and consecutive rate hikes, U.S. GDP witnessed another consecutive decline in the second quarter. However, investors seem to have shaken off recession fears causing U.S. equities to rally. Thus, we think quality growth stocks, Core Molding (CMT), Civeo (CVEO), and Genuine Parts (GPC), could be worth buying…

StockNews.com

Asian shares mixed on US rally, China economic growth woes

Asian shares are mixed as Chinese shares sank after leaders acknowledged the official 5.5% growth target for this year won’t be met

The Independent UK

ExxonMobil and Chevron shatter profit records; eurozone inflation hits record 8.9% – business live

US oil companies post huge earnings, as sky-high fuel costs hit consumers and drive up inflation

The Guardian - UK

JP Morgan retains growth forecast at 3%

JP Morgan has maintained its Thai GDP growth forecast at 3% this year, driven by consumption and tourism.

Bangkok Post

Stock Market Gains, Erases Early Losses After Weak GDP; Meta Dives On Earnings Miss

Ford earnings helped boost the stock market in spite of weak GDP numbers and worse-than-expected Facebook earnings.

Investors Business Daily

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AFP

Wall Street shrugs off US economy contracting

London (AFP) - Wall Street stocks rose on Thursday despite data showing the US economy contracted for a second straight quarter as investors took it as a signal the Federal Reserve may slow interest rate hikes.

Investors Business Daily

U.S. Economy Tagged With Recession Label As GDP Falls Again; Dow Jones Rallies

The U.S. is in an unofficial recession, after GDP fell for again. Should you trust the recession label? What does it mean for the Dow Jones?

The Guardian - US

When does a recession begin – and is the US in one now?

Question weighs on consumers, politicians and investors around the world as the Federal Reserve raises interest rates

The Guardian - US

US economy shrinks in second quarter, signaling unofficial start of recession

The bad news will be a major blow for the Biden administration as it prepares for a tough midterm election season

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news in one place.

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The Street

Stock Market Today-7/28: Stocks Extend Gains Following GDP Data; Apple Earnings In Focus

GDP data will likely ignite another recession debate, while markets sift through a puzzling Fed rate hike and brace for crucial June quarter earnings from Apple after the close of trading.

The Street

Stocks Lower Ahead of GDP Data, Meta, Spirit, Ford And Apple In Focus - Five Things To Know

Stock futures lower with earnings, GDP data in focus; Meta shares tumble after Q2 earnings miss, muted ad outlook; Spirit soars after cancelling frontier deal, setting up JetBlue takeover; Ford shares leap after solid Q2 earnings, outlook hold and Apple earnings on deck amid demand, chip, China impact questions.

WEKU

U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?

GDP shrank for a 2nd quarter in a row. While two consecutive quarters of negative growth is often considered a recession, it's not an official definition. Parts of the economy are clearly struggling.

The Independent UK

US economy likely grew modestly, if at all, last quarter

After going backward from January through March, the U.S. economy probably didn’t do much better in the spring

AFP

US GDP data due with all eyes on possible recession

Washington (AFP) - The United States is set to release key data on economic growth Thursday and global investors are watching closely as the world's largest economy flirts with recession -- while President Joe Biden walks a political tightrope.

Investors Business Daily

Dow Jones Futures Fall On 'Day 2' After Market Rallies Strongly On Powell Hints Of Slower Fed Rate Hikes

Stocks rallied strongly Wednesday after Fed chief Jerome Powell hinted at slower Fed rate hikes. Watch out for day 2 reactions

AFP

In US, even the definition of 'recession' is controversial

Washington (AFP) - In Washington circles, saying the "R" word comes with a bit of risk.

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