The Latest Breaking News from Recession

Commerce Secretary Gina Raimondo on Sunday predicted slower economic growth as the country grapples with inflation but said that won’t necessarily mean a recession, which is marked by two straight quarters of negative economic growth.

Inflation and rising interest rates are pushing Australia towards a likely recession. And on the list of culprits, RBA governor Philip Lowe is very near the top.

Biden has been faulted for speeches that do not seem to meet the moment or lack the urgency to compel others to follow. His soothing approach to issues that prompt anger has often failed to soothe.

Determining bear market bottom is much easier in hindsight than doing it in real time. That's because the stock market (SPY) offers up many impressive bounces that give the illusion of the worst being over...just before you drop to even lower lows. So price action is a tricky way to…

New York (AFP) - Global stock markets finished mostly higher Friday, though Wall Street was flat following a surprisingly strong jobs report, while the euro was near parity with the dollar as traders bet on the prospect of a eurozone recession caused by soaring inflation.

The Stock Exchange of Thailand was hammered in June, falling from 1,663.41 points at the end of May to close the month at 1,568.33, a drop of 5.7%. The decline follows those of other markets around the globe, especially the Dow Jones which plunged by almost 10%.

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week we posed the following question to more than 1,000 traders and investors as to how likely they view a recession occurring in…

The U.S. economy added more jobs than expected in June, signaling the labor market remains strong even as the Federal Reserve tries to weaken it to tame inflation. The July 8, 2022, jobs report also showed the unemployment rate remained at a 70-year low of 3.6%.

London (AFP) - The euro neared parity with the dollar on Friday, as traders bet on the prospect of a eurozone recession caused by soaring inflation.

The economy may not be coming in for a landing after all.

The Fed officials are supporting another big rate hike this month to tame inflation, adding to the recession worries. Amid the recessionary pressures, consumers turn their spending to necessary items like food. Hence, we think food makers Pilgrim’s Pride (PPC) and Sanderson Farms (SAFM) might be solid buys. Read on….