The Latest Breaking News from Recession

The economy and a recession are at the forefront of voters’ minds as the U.S. heads into the midterm elections in a few days. Most voters think the U.S.

UK economy faces ‘very challenging outlook’ with recession now expected to last until middle of 2024

While the pandemic brought massive growth opportunities for the fintech industry as digital transactions skyrocketed, the current uncertain macroeconomic environment has dampened the industry’s prospects. The stock market is expected to remain under pressure amid growing fears of recession. Therefore, it could be wise for investors to avoid fundamentally weak…

‘Everyone will be affected’: Hike in housing costs and increased inflation to hit hard

Cutting during a recession has been long discredited, says Guardian columnist Polly Toynbee

Although the pace of rate hikes could slow, as hinted in the latest Fed statements, a recession still seems imminent. Amid the uncertainties, investors could consider buying high-quality stocks PepsiCo (PEP), United Parcel Service (UPS), Altria Group (MO), Waste Management (WM), and Sprouts Farmers Market (SFM). Keep reading….

As the UK faces its longest recession since the 1920s, we explain what that actually means

Property price chat, Tube delays, torrential rain – this morning doled out a full house of London bingo. And then the Bank of England said ‘hold my £8.50 beer’.

Central bank raises key rate to 3 percent, warns UK economy is in a recession that could last two years.

The odds of a U.S. recession are rising. And the chances it will be mild are falling.

LONDON: The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989, but it pushed back against expectations for further steep hikes, saying Britain faces a painful recession that could last two years.