The Latest Breaking News from Recession

Oil prices rose on Wednesday, recovering from six-month lows hit the previous day, as a larger-than-expected drop in US oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by the prospect of a global recession. Brent crude futures rose 56 cents, or 0.6%, to $92.90 a barrel…

Inflation is expected to peak later this year at 13.3% and will push the UK into a recession, according to the Bank of England

Despite the multi-decade high inflation, Colgate-Palmolive (CL) reported impressive revenue growth for the last quarter. Given inelastic demand for its products, the company can maintain its profitability even if consumers cut back on spending in a potentially recessionary environment. Therefore, it could be wise to invest in the stock. Read…

A recession wouldn't bring much relief for renters.

Analysis: While chancellor says unemployment has rarely been lower, Bank of England predicts recession will push up jobless rate

The battle for talent is still ongoing, seemingly unaffected so far by the recession threat.

Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession. Brent crude futures fell $1.21, or 1.3%, to $93.89 a barrel by 0635 GMT. WTI crude futures dipped 84 cents, or 0.9%, to $88.57 a barrel.

The builder confidence index breached the break-even measure of 50 in August for the first time since May 2020.

Bitcoin, the largest cryptocurrency in the world, was created in 2009 during the depths of the great financial crisis. It took a while to gain traction, but it, along with other cryptocurrencies, has since exploded into a major market worth around $1 trillion.