The Latest Breaking News from Recession

While inflation remains a major concern, Goldman Sachs’ top economist still sees the chances of the economy avoiding a recession. However, amid prevailing uncertainties, we think fundamentally strong stocks Johnson & Johnson (JNJ), Volkswagen (VWAGY), Stellantis (STLA), and Core Molding Technologies (CMT) might be worth adding to your portfolio. Continue…

Huw Pill says there is ‘still more to do’ on tackling inflation despite risks of prolonged recession

The Fed’s continued hawkish monetary policy stance has raised fears of an impending recession. Despite the market pressure, the U.S. GDP saw a positive turnaround in the third quarter of 2022, indicating a resilient economy. Amid this scenario, we think investors should buy fundamentally sound stocks Abbott Laboratories (ABT), Verizon…

Many shoppers are trading down to less expensive clothing and accessories -- swapping Lululemon leggings for Uniqlo and expensive lingerie for Target bras and panties -- as inflation eats into their disposable income and a rocky stock market erodes their wealth.

The Fed’s aggressive rate hike regime has heightened recessionary concerns. Therefore, fundamentally weak stocks Plug Power (PLUG) and Peloton Interactive (PTON) might be best avoided. Read more.

U.S. stocks have historically enjoyed post-election gains, but looming Fed rate hikes and the risk of global recession may prove too much of a headwind for the 118th Congress.

The Fed is expected to continue raising rates, for the time being, keeping the stock market under pressure. The interest rate-sensitive and tech-heavy Nasdaq composite has lost more than 30% year-to-date. Moreover, soaring recession probabilities could accelerate a pullback across markets. Investors might avoid fundamentally weak Nasdaq stocks Advanced Micro…

This year's U.N. climate conference must wrench global leaders' attention back to global warming as multiple crises, including a looming global recession and war in Europe, vie for attention, former U.N. climate chief Patricia Espinosa told Reuters.

London (AFP) - Irish airline Ryanair flew back into a first-half profit Monday and forecast a strong outlook despite recession headwinds in Europe, as air travel rebounds after the lifting of Covid restrictions.

Oil prices are predicted to stabilize at $100 a barrel by the year-end, Algeria's Minister of Energy and Mines Mohamed Arkab said. The Minister explained that despite the decline in oil prices and global recession concerns, the latest decision of OPEC+ countries to reduce production by two million barrels per…

Beijing (AFP) - China's exports shrank in October, the first such decline since mid-2020, customs authorities said Monday, as a domestic slowdown and the threat of global recession hit international trade.