The Latest Breaking News from Recession

Amid high-interest rates and a tight labor market, the economy is at risk of tipping into a recession in the second half of 2023. So, investors could consider buying industrial stocks Holcim (HCMLY), GMS (GMS), and Apogee Enterprises (APOG) that have gained momentum despite the market volatility. Keep reading.

Rishi Sunak has blamed the high number of fixed-rate mortgages for his government’s failure to bring down inflation.

The ISM Manufacturing Purchasing Managers’ Index fell to 46 last month from 47.1 in May, its lowest point since May 2020.

In the first half of 2023, mergers and acquisition (M&A) deals dropped to multi-year lows. Is this a harbinger for a recession?

NIKE (NKE) faces margin pressures as consumers pull back on spending amid recession concerns. The company saw a significant decline in its bottom line in the last reported quarter. So, will it be worth investing in this sportswear giant now? Keep reading.

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally started slowing in late 2022. Mortgage companies engaged in mass layoffs, real estate economists lamented a “housing recession” and home prices seemed poised for a correction.

So far the immaculate disinflation — what had seemed a remote scenario in which inflation comes down without a recession — has materialized.

The housing market is full of surprises. Sentiment among homebuilders has been perking up, their stocks are surging, and new home sales are at the strongest since early 2022. All in the face of persistently high mortgage rates.

Asian shares are mostly higher after a rally on Wall Street driven by reports that showed inflation abating, assuaging fears over the threat of a recession