The Latest Breaking News from Recession

The rebound in U.S. gross domestic product in the third quarter comes as a welcome surprise for Democrats heading into midterm elections, potentially putting to rest the notion that the country is already in a recession. But for workers and investors, the report isn’t quite so reassuring.

Cruise companies are sailing in rough waters due to the persistently high inflation, the Fed’s consecutive rate hikes, and an impending recession. Given the industry’s uncertain outlook, fundamentally weak cruise stocks Carnival Corporation (CCL) and Norwegian Cruise Line (NCLH) might be best avoided now. Keep reading….

Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a U.S. and global recession, economists surveyed by Bloomberg said.

Amid conflicting economic signals and with midterms looming, the US central bank weighs a critical decision over interest rates

Although the stock market has been under pressure this year, many believe bulls will overtake the bears in 2023. Moreover, the U.S. economy’s third-quarter GDP surpassed growth estimates, easing recession fears to some extent. Therefore, this could be the right time to scoop up quality stocks Pfizer (PFE), Ryerson Holding…

Warnings that cuts and tax hikes could lead to deeper and longer recession

Though the U.S. economy bounced back after shrinking in the first half of the year, falling consumer spending and the rate hikes to tame high inflation might lead the economy into a recession. Hence, investors looking for passive income could invest in fundamentally sound dividend-paying stocks Pfizer (PFE), Sanofi (SNY),…

FRANKFURT: Germany's economy unexpectedly grew in the third quarter, official data showed Friday, but slowing growth in France and Spain added to fears that high inflation and an energy crisis will tip the region into recession.

Britain’s top four high street lenders have set aside towards £2.5 billion this week to deal with bad debts, a clear sign that the bankers are preparing for a recession.

Retail sales rose last month, with consumers showing resilience. However, the persistently high inflation and growing recession concerns are prompting consumers to cut back on discretionary spending. While investors looking for retail investments could consider buying Dillard’s (DDS) and Movado (MOV), we think Gap (GPS) and RealReal (REAL) might be…

Universal Orlando and Universal’s other theme parks continued to improve parent company Comcast’s earnings last quarter, but a top executive on Thursday nonetheless raised the possibility of layoffs and other cost-cutting across the company in preparation for a potential recession next year.