The Latest Breaking News from Recession

The U.S. economy contracted by 1.6% in the first quarter of this year, setting the stage for a recession if economic output declines again in the second quarter, said economist Anil K. Puri, director of the Woods Center at Cal State Fullerton.

The Reserve Bank has slapped households with another painful interest rates hike in July as it tries to curb soaring inflation.

Stocks bounce back as tech stocks surge as investors focus on growth and inflation prospects in the world's biggest economy.

Stock futures lower as recession concerns mount; Week Ahead: Fed minutes, jobs report in focus; Tesla shares slide after Q2 delivery slump; Exxon shares jump on record Q2 profit bet and Swedish airline SAS files for bankruptcy in the U.S.

London (AFP) - The euro on Tuesday slumped to its lowest level since 2002 and European stock markets sank as growing recession risks sent shockwaves around the region.

Hong Kong (AFP) - Most markets rose Tuesday on growing speculation US President Joe Biden is about to roll back some of the Trump-era tariffs on Chinese goods as he looks for ways to rein in inflation, though sentiment remains at a premium owing to fears of a recession.

Despite speculation by some economists, Treasurer Jim Chalmers does not believe Australia is heading towards recession next year.

Hong Kong (AFP) - Asian markets rose Tuesday on growing speculation US President Joe Biden is about to roll back some of the Trump-era tariffs on Chinese goods as he looks for ways to rein in inflation, though sentiment remains at a premium owing to fears of a recession.

London (AFP) - European and Asian stocks mostly advanced Monday as investors tentatively regained some optimism following the heavy losses in the financial markets last week on fears that rising interest rates could spark a recession.

The market is expected to remain under pressure due to the Fed’s rate hikes and the rising recession concerns. Amid this backdrop, dividend-paying stocks Broadcom (AVGO) and Shell (SHEL) are expected to gain investors’ interest due to their stable dividend payouts and high yields. Both the stocks are Buy-rated in…

Given the growing concerns over the Fed’s hawkish stance to tame the rising inflation and the possibility of the economy tipping into a recession, it could be wise to invest in fundamentally solid consumer staple stock General Mills (GIS). Consumer staples stocks are seen as recession-proof due to the non-cyclical…