The Latest Breaking News from Recession

The NASDAQ Composite has been facing significant turmoil due to successive rate hikes. As recessionary fears loom over the economy, beaten-down stocks DraftKings (DKNG) and Affirm Holdings (AFRM) might be best avoided until further notice. Read more….

Federal Reserve Chair Jerome Powell says he won't cause a deep recession but that "pain" is necessary to fight inflation. To curb the largest price increases in four decades, the US Federal Reserve has been raising interest rates this year. "The Fed is doing a bad job because they don't…

Concerns about a potential recession due to high inflation and the Fed’s interest rate hikes are expected to keep the stock market under pressure in the near term. However, it is wise to stay invested to garner long-term returns. We think investors could consider investing in fundamentally strong stocks, AmerisourceBergen…

Washington (AFP) - IMF chief Kristalina Georgieva urged global policymakers Thursday to take concerted action to avoid a "dangerous 'new normal,'" as the risks of a worldwide recession are driven ever higher by repeated economic shocks.

Average long-term U.S. mortgage rates ticked down modestly this week after six straight weeks of gains pushed rates to heights not seen in more than a decade, before a crash in the housing market triggered the Great Recession in 2008

Kristalina Georgieva points to ‘fundamental shift’, with fragile global ties and more frequent natural disasters

London (AFP) - Global equity markets mostly fell Thursday and the pound retreated once more against the dollar on lingering recession fears despite hopes that the US Federal Reserve will tame the pace of aggressive interest rate hikes.

With a possible recession set to cut deeply into global demand for oil, the cartel is cutting production by 2 million barrels per day.

At the same time, 69% of Americans are concerned about the possibility of a recession before the end of 2023.

The Fed’s hawkish monetary policy stance to tame the hot inflation is increasing recession fears. However, many analysts believe a soft landing is possible. Given the uncertain market conditions, fundamentally sound stocks Coca-Cola (KO) and Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) might be best for a starter stock portfolio. Read…

Researchers at the Fraser of Allander Institute (FAI) have revised down their forecasts for the coming months and have predicted the economy will…