The Latest Breaking News from Recession

The stock market slumped on Wednesday after the decades-high inflation report came in. Traders now expect the Fed to deliver a full-point rate hike, deepening recessionary concerns. Amid this, quality stocks H&R Block (HRB), Occidental Petroleum (OXY), and Continental Resources (CLR) have outperformed the broader market this year and might…

There are many indicators that a global recession is on the way

Mounting recession fears, surging inflation and a surprise profit slump from JPMorgan rattled Wall Street Thursday.

The economy, energy prices and upcoming midterms weigh heavily on the president during his Middle East trip. Plus, House committee argues Capitol attack was premeditated

After June's inflation numbers, the Fed is likely to push rates higher — at the risk of sparking a recession

If you’re having trouble making it from paycheck to paycheck, you’re hardly alone. A majority of Americans tell pollsters they feel the economy is not in good shape and getting worse. People are now demonstrably poorer than when President Joe Biden took office. Although wages have risen, prices have risen…

Bearish bets on nearly all Asian currencies firmed to new multi-year highs, as fears of an impending recession from rapidly rising interest rates to rein in sky-high inflation dampened sentiment, a Reuters poll showed on Thursday.

As central banks scramble to fight inflation, with Canada's 100-basis-point interest rate rise the latest and largest move, a leading economist warns they may push the world into recession.

Oil prices rose on Thursday, with Brent breaking above $100 a barrel, as investors weighed tight supplies against the prospect of a large US rate hike that would stem inflation and curb crude demand. Brent crude futures for September climbed 68 cents, or 0.7%, to $100.25 a barrel by 0400…