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The Latest Breaking News from Recession

ASX falls 2pc and Wall Street plunges amid recession fears, UK hikes interest rates

The ASX slumps to an 18 month low after yesterday's rally on Wall Street vanishes in a sea of red, with investors taking flight as both the UK and Switzerland raise official interest rates.

ABC News

Despite warnings from economists, Biden says a recession is not inevitable

In an interview Thursday with The Associated Press, the president says the American people are "really, really down" after two years of pandemic, volatility in the economy and surging gas prices.

WEKU

The Dow Jones sinks below 30,000 as fears about a recession grow

Stocks sank a day after the Federal Reserve delivered its biggest rate hike since 1994.

WEKU

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Biden says recession is "not inevitable"

"We’re in a stronger position than any nation in the world to overcome this inflation,” Biden told the AP.

Axios

5 Blue Chip Dividend Stocks Yielding More Than 4%

The stock markets pulled back yesterday after the Fed rate hike amid recessionary concerns. Considering the volatile market backdrop, investing in dividend-paying blue-chip stocks AT&T (T), LyondellBasell Industries N.V. (LYB), The Bank of Nova Scotia (BNS), International Business Machines Corp. (IBM), and Altria Group (MO) could be wise.

StockNews.com

Biden says recession ‘not inevitable’ as Fed looks to raise interest rates to curb inflation

Financial analysts worry that the recent move into a ‘bear market’ foretells a coming recession

The Independent UK

The AP Interview: Biden says recession is 'not inevitable'

President Joe Biden says the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are hitting family budgets

The Independent UK

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5 Tech Stocks You'll Regret Not Buying During the Sell-Off

The Federal Reserve’s continued monetary policy tightening to tame the surging inflation has been making investors concerned about the economy slipping into a recession soon. As a result, tech stocks are witnessing massive sell-offs. However, growing demand, impressive breakthroughs, and rising corporate and government investments in the tech industry should…

StockNews.com

Mike Novogratz Predicts 'The Economy Is Going To Collapse,' But This Crypto Is Poised To 'Explode' Higher

Several analysts and economists are anticipating a potential recession in 2023, but very few have turned as negative as Galaxy Digital Holdings Ltd (Pink: BRPHF) CEO Mike Novogratz seemed to be during

Benzinga

What Impact Will A Recession Have On Crypto?

Bitcoin (CRYPTO: BTC) rallied almost 10% yesterday after reaching $20,100, as the Federal Reserve announcement of a 75 bp rate hike resulted in a short squeeze. Although a 50 bp hike was anticipated for many weeks, last Friday’s inflation data forced the market to price in a more aggressive hike…

Benzinga

Recession 'Virtual Certainty' as Interest Rates Spike

Plus: Libertarian Party drama, how rent control hurts renters, and more...

Reason

Jobs deemed the most 'recession proof' as top experts warn of economic downturn

The cost of living crisis has led to fears that jobs could be on the line in a potential recession.

Irish Mirror

Is the US heading for a recession? Here’s what you need to know

Many signs point in that direction. We have answers to questions that might be on your mind

The Guardian - US

Daniel Moss: Jay Powell took Ben Bernanke's advice a bit too far

Ben Bernanke, who led the Federal Reserve during the global financial crisis, observed that the art of setting monetary policy was 98% talk and 2% action. A significant rebalancing of that equation would be welcome after communications upheavals this week roiled markets and seemed to reveal a high degree of…

Tribune News Service

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The New Daily

Rate hikes, Bitcoin’s plunge and robust jobs data among this week’s top market events

It's been another wild ride for global markets as investors lose faith in central banks' ability to tame inflation without triggering recessions.

Bangkok Post

SET plunges as Fed hikes rates hard

The Thai stock market fell on Thursday, after the United States Nasdaq futures market tumbled more than 2% on concerns over the economic impacts of aggressive rate hikes from the Federal Reserve.

Axios

The stock market would actually kind of like a recession, thanks

The stock market's rise has been closely tied to low interest rates. If it takes a recession to get them back, it's a price investors are willing to pay.

ABC News

The ASX opened strong after the US interest rate rise buoyed Wall Street. But it hasn't cancelled out Tuesday's losses

It's been a dramatic few days on the Australian stock market, with steep losses followed by a brief rise on Thursday morning. But there are still more twists and turns to come.

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Dublin Live

Recession in Ireland could quickly turn into 'disaster' depression, Ben Dunne warns

The former supermarket boss reckons strong leaders are needed and blasted the current “Mickey Mouse coalition”

Irish Mirror

Ben Dunne goes further than Eddie Hobbs and predicts 'economic depression' with Ireland 'headed for disaster'

“Whoever we put into power, it shouldn’t be any of those who are in there at the moment.”

The Independent UK

Fed's aggressive rate hikes raise likelihood of a recession

Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it

The Guardian - US

‘Slamming on the brakes’: economists react to the Federal Reserve’s rate hike

Some economists say it will take an economic contraction and higher unemployment to bring inflation down

The New Daily

Alan Kohler: Albanese’s note to self – Don’t get blamed for the Morrison crises

Governments usually change after a recession, not before one, so the job is a nice one – to manage the recovery. But this time is different.

StockNews.com

4 ETFs to Bet on Another Market Crash

Recession fears have been rising with inflation running at a 40-year high and the Fed’s potential monetary policy tightening. The World Bank has recently warned of a recession and slashed its global growth forecast, adding to investors’ worries. Therefore, ETFs that perform well in a bear market, Direxion Daily S&P…

France 24

US Fed hikes interest rate 0.75 points, biggest increase since 1994

The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession.

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