The Latest Breaking News from Recession

Chancellor’s aim is to bring down inflation and make recession ‘as short and shallow as possible’

It has been anything but a smooth ride for the Rishi Sunak led UK government, with the latest official data released this week reflecting a shrinking economy and a looming two-year-long recession. Read more on Dynamite News:

Sacked ex-Chancellor pops up before autumn Budget, plus bleak ONS data

Chancellor warns of ‘eye-watering’ decisions to come

Uncomfortably high inflation, the Fed’s aggressive interest rate hikes, and recession fears have kept the stock market under pressure this year. However, given the defensive nature of consumer staples, Invesco Dynamic Food & Beverage ETF (PBJ) has survived the market sell-off pretty well. Hence, it could be wise to buy…

While inflation seemed to cool off in October, it is way above the Fed’s 2% target. As the Fed continues to fight sky-high inflation with aggressive rate hikes, chances of a recession are rising. Hence, fundamentally weak stocks Plug Power (PLUG), Bed Bath & Beyond (BBBY), and Faraday Future Intelligent…

Musk addressed Twitter employees in a Q&A Thursday, describing his trauma from Tesla and PayPal, after laying off around 50% of workers at the social media company.

The World Bank has warned about a global recession next year. Moreover, although the October inflation report shows signs of cooling price pressures, inflation is still far from the Fed’s target level. Hence, we believe fundamentally solid dividend-paying stocks Johnson & Johnson (JNJ) and McDonald’s Corporation (MCD) could be ideal…

October’s inflation data came in cooler than expected. However, with the Fed not expected to make any significant change to its stance based on the latest inflation, a mild recession might be on the cards. Amid this, fundamentally strong ETFs SPDR Bloomberg 3-12 Month T-Bill (BILS) and iShares MSCI Global…