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The Latest Breaking News from Recession

Don’t Get Stuck Holding Any of These Stocks in Q4

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…

Elon Musk tells Twitter staff about his ‘recession PTSD’ from keeping PayPal and Tesla alive, demands ‘maniacal sense of urgency’

Elon Musk tells Twitter staff about his ‘recession PTSD’ from keeping PayPal and Tesla alive, demands ‘maniacal sense of urgency’

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.

2 Resilient Stocks to Buy and Hold Through a Recession

2 Resilient Stocks to Buy and Hold Through a Recession

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…

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2 ETFs to Help Diversify Your Portfolio Right Now

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…

Chancellor says UK has a 'tough road ahead’ as recession looms

Next week's autumn budget to include tax increases and spending cuts

How young people could be impacted if UK enters recession

The Bank of England has said the UK could already be at the beginning of the longest recession since the 1920s.

Recession news – live: Hunt warns of ‘eye-watering’ decisions amid economic downturn (cloned)

Chancellor warns of ‘tough road ahead’ as economy contracts by 0.2 per cent

The Independent UK

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Carl Icahn says ignore Thursday's rally, we aren't out of a bear market

Carl Icahn says ignore Thursday's rally, we aren't out of a bear market

Billionaire investor Carl Icahn reiterated warnings that a recession is coming and that he is keeping his portfolio at Icahn Enterprises hedged

Six big money changes that will hit your wallet - from Autumn Statement to interest rates

Six big money changes that will hit your wallet - from Autumn Statement to interest rates

We round up all six of the biggest financial announcements and changes expected over the next few months, including when interest rates and inflation will rise again and what to expect in the Autumn Statement

Kwasi Kwarteng blames Liz Truss for economic fallout as UK recession looms

Kwasi Kwarteng blames Liz Truss for economic fallout as UK recession looms

FORMER chancellor Kwasi Kwarteng has claimed he told Liz Truss she was “going too fast” with the disastrous mini-Budget as it emerged the…

The National (Scotland)

UK on brink of longest recession in history as Tories blamed for their 'disastrous economic record'

UK on brink of longest recession in history as Tories blamed for their 'disastrous economic record'

Labour and the SNP accused the Conservatives of leading the country through a decade of weak growth and inequality.

EU expects recession to hit Europe as inflation hangs on

EU expects recession to hit Europe as inflation hangs on

The European Union’s executive commission slashed its forecast for economic growth next year

The Independent UK

Latest recession warning a 'damning indictment' of Tory governance

Latest recession warning a 'damning indictment' of Tory governance

THE UK economy shrunk by 0.2 per cent between July and September, in what some experts say could be the start of the longest recession since record…

The National (Scotland)

Economy shrinks in what could be start of a long recession

Economy shrinks in what could be start of a long recession

Latest GDP figures show a 0.2% contraction between July and September

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Manchester Evening News

BREAKING: UK economy shrinks by 0.2% in move feared to be start of major recession

GDP fell by 0.2% in the three months to September as services, production and construction industries all slowed down and cost-of-living pressures bite

The Independent UK

Recession – live: Hunt warns of ‘eye-watering’ decisions amid economic downturn

Chancellor warns of ‘tough road ahead’ as economy contracts by 0.2 per cent

The Independent UK

UK economy shrinks amid fears of longest recession since records began

Chancellor Jeremy Hunt says ‘tough rough ahead’ as he prepares to slash public spending

Evening Standard

FTSE 100 Live: UK on recession brink as GDP contracts, shares get US boost

GDP contracted by a smaller-than-expected 0.2% in the third quarter, a performance expected to mark the beginning of a UK recession.

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UK economy shrinks by 0.2% in move expected to be start of a major recession

GDP fell by 0.2% in the three months to September as services, production and construction industries all slowed down - and Jeremy Hunt warned of 'extremely difficult decisions' in the Autumn budget

Economy shrinks in what could be start of long recession

The reading comes just a week after the Bank of England published a caveated forecast that the UK might be headed for an eight-quarter recession – the longest consecutive recession since reliable records began in the 1920s

Evening Standard

UK teetering on brink of recession Jeremy Hunt warns it will get even tougher

Recession on way as the big slowdown hits growth

The Guardian - UK

Jeremy Hunt warns of ‘tough road ahead’ as UK economy shrinks

GDP fall of 0.2% for three months to September gives bleak picture in run-up to autumn statement

The Guardian - UK

FTX files for US bankruptcy protection, CEO Bankman-Fried resigns – as it happened

Cryptocurrency exchange FTX starts bankruptcy proceedings in US and Sam Bankman-Fried is resigning as chief executive officer

All the unpaid labor women did during the COVID recession might have saved us from an economic crisis

Unfortunately, it's also contributing to the gender wage gap.

The kids are alright, but they're worried: Gen Z is working harder and saving more than any other generation

Gen Z is bracing for their first recession as adults in the workforce. Nearly 8 in 10 of them say they’re cutting back on their spending.

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