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The Latest Breaking News from Recession

German recession fears rise as factory orders plummet

Frankfurt (Germany) (AFP) - Industrial orders at German factories saw their biggest fall in March since the outbreak of the Covid pandemic in 2020, data showed Friday, the latest sign that Europe's biggest economy is facing a steep downturn.

AFP

Dexon bullish on prospects

Despite several forecasts of a possible recession throughout the global economy, Dexon Technology chief executive Mallika Kaekla believes her company's strategy to expand overseas would help drive income this year.

Bangkok Post

White House warns of catastrophic recession if US defaults on debt

The White House says a default would cause a self-perpetuating crisis because the government couldn’t borrow money to help Americans deal with the resulting recession

The Independent UK

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Republican debt cap plan to cut US jobs, slow growth: Economist

Moody’s chief economist told a US Senate panel that the Republican plan will ‘meaningfully increase’ recession chances.

Al Jazeera

The Top 2 Stocks to Buy and Hold for the Month of May

Although the Fed has hinted at a pause in interest rate hikes, tighter credit standards and elevated interest rates continue to fuel recession concerns. However, fundamentally strong stocks American Axle & Manufacturing Holdings (AXL) and CompX International (CIX) could be worth buying and holding. Keep reading.

StockNews.com

Stocks slide on rate hikes, bank worries

London (AFP) - European and US stocks slid Thursday after the ECB and the Fed again hiked interest rates to fight elevated inflation, as worries about banks and recession continued to cloud sentiment.

AFP

White House warns of recession as debt limit fight drags on

White House economists are warning of “severe damage” to the U.S. economy in the event of a debt default

The Independent UK

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US stocks fall after latest Fed rate hike as oil prices slide

New York (AFP) - Wall Street stocks declined along with the dollar after the Federal Reserve's latest interest rate hike Wednesday, while US oil prices slid below $70 a barrel amid recession worries.

AFP

Fed rate hikes, recession fears and political backlash leave ESG investors at a crossroads

The Federal Reserve raised interest rates again on May 3, 2023, by a quarter point, making it the Fed’s 10th rate hike since March 2022 in an ongoing fight to tame inflation. These rate hikes have been reverberating through the economy, raising prospects of a recession amid heightened concerns about…

The Conversation

Fed raises interest rates again but hints it may pause amid bank turmoil

The Fed’s rate increases have more than doubled mortgage rates, elevated the costs of auto loans, credit card borrowing and business loans and heightened the risk of a recession

The Independent UK

Federal Reserve May Be Done Hiking, But Powell Leaves Doubt; S&P 500 Falls

The Federal Reserve hiked its key rate past 5% but may stop here because the bank crisis raises recession risk.

Investors Business Daily

Act Now: Sell These 3 EV Stocks Before It's Too Late

As investors fret over a potential recession and falling car sales, it could be wise to steer clear of some of the fundamentally weak Electric Vehicle (EV) stocks XPeng (XPEV), Canoo Inc. (GOEV), and Faraday Future Intelligent Electric (FFIE) before things get much uglier. Read more….

StockNews.com

Oil Prices Skid To Lowest Level Since March; Traders Brace For Recession

U.S. crude futures tanked Tuesday and continued to slip Wednesday, hitting 5-week lows. The oil price decline dragged down energy stocks.

Investors Business Daily

Is Australia walking a ‘narrow path’ towards a per capita recession?

Australia likely avoids a recession, but it's already starting to feel like one as cost of living and higher rates spark a shopper retreat.

The New Daily

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Insider UK

Lloyds beats forecasts with 46% profit rise after interest rates boost

Banking group expects the economy to fall by 0.6% in 2023 overall, slipping into a 'mild recession' over the first three quarters

ABC News

The cost of living has reached a record high, businesses are struggling, and interest rates are rising. Is a recession coming?

A day after the Reserve Bank controversially raised interest rates, new data shows living costs are at an all-time high and businesses are contracting, prompting concerns a recession may be on the horizon.

The Guardian - UK

Fed to raise interest rate again amid core inflation pressure

Expected hike in benchmark rate to a range of 5% to 5.25% could push US into recession

ABC News

NAB is first lender to pass on Reserve Bank's rate hike, ASX falls to five-week low ahead of US interest rate decision

NAB passes on the Reserve Bank's full rate hike to its home loan customers, but only two of its savings accounts, while the Australian share market drops on renewed worries about the stability of the US banking system.

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Zenger

Economist Henrik Zeberg Expects History To Repeat Itself In The Worst Stock Market Crash

Companies including Morgan Stanley are making job cuts as the economy is feared to go into a recession in an unknown period.

StockNews.com

Best Of The Best: Top 3 Quality Stocks for Investors Looking for Stability

Heightened recessionary fears in the economy and the current banking sector jitters is weighing on the stock market. Hence, it could be wise for investors to buy quality stocks NuStar Energy (NS), Spirent Communications (SPMYY), and Westlake Chemical (WLKP), which pay stable dividends. Read more.

Insider UK

Scottish economy grows as UK set to avoid recession this year

Sluggish growth in specific industries like manufacturing has been blamed on wider supply chain issues

Bangkok Post

North Asia’s factories stuck in decline

JAKARTA: North Asia’s export powerhouses continued to stutter in April amid sluggish global trade and a patchy economic recovery in China, according to new data that amplified concerns about the risk of a global recession.

Zenger

Elon Musk Fires Off A Warning Of A Financial Crisis As First Republic Bank Falls

The Federal Reserve is poised to for another hike in the interest rate as Musk warns of a possible recession in the coming future.

Bangkok Post

TDRI questions party stimulus plans

The Thailand Development Research Institute (TDRI) has warned major political parties that their main election campaign projects might not be necessary as a stimulus since the economy is not in recession.

StockNews.com

3 Stocks to Sell Before It's Too Late

Tighter lending standards and high interest rates will likely push the economy into a recession this year. Therefore, it could be wise to sell fundamentally weak stocks Owens & Minor (OMI), ASOS (ASOMY), and Kaleyra (KLR). Keep reading….

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