The Latest Breaking News from Recession

The red-hot inflation and the Fed’s aggressive rate hikes are raising the odds of the economy tipping into a recession. However, consumer goods and grocery stocks usually withstand the market turbulence because of stable demand for their products irrespective of the overall economic condition. And we think beaten-down consumer goods…

The rising inflation and the Fed’s aggressive rate hikes to clamp down on inflation are making investors anxious. Moreover, with analysts expecting multiple interest rate hikes in the coming months, recessionary fears are growing. As the market experiences a bout of volatility, fundamentally solid stocks Johnson & Johnson (JNJ), Roche…

The stock market gained as low jobless claims numbers pointed to a tight job market in spite of ongoing recession fears.

London (AFP) - The euro retreated against the dollar Thursday as economic data pointed to increased prospects of recession in Europe.

Powell thinks rate hikes alone will not slow down gas prices

The major stock market indexes have tumbled over fears of aggressive interest rate hikes by the Fed to control the multi-decade high inflation and an imminent recession. This market correction has led to shares of many economically-vital companies losing significantly. Shell (SHEL), Cheniere Energy (LNG), QUALCOMM (QCOM), AT&T (T), and…

Federal Reserve chair Jerome Powell has acknowledged that steep interest rate hikes could tip the US economy into recession.

U.S. stocks, on pace for their worst first have performance in more than 50 years, look set to edge higher Thursday despite looming concern for a near-term recession.

London (AFP) - The euro and pound retreated against the dollar Thursday as economic data pointed to increased prospects of recession in Europe.