The Latest Breaking News from Recession

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.

Investing in dividend exchange-traded funds (ETFs) can be a simple way to earn passive income on a relatively risk-adjusted basis. During recessions, blue chip dividend stocks with strong fundamentals tend to fare well compared to growth investments.

The U.S. Bureau of Economic Analysis reports that GDP grew 0.6 percent in the third quarter of 2022.

Payments major Visa (V) delivered strong earnings in the last quarter, but the company’s outlook for fiscal 2023 appeared unreasonable to many analysts. So, will it be wise to buy the stock for the fourth quarter? Read on to learn our view….

ECB chief Christine Lagarde notes concerns but warns of further hikes to tackle soaring eurozone inflation

FRANKFURT: The European Central Bank announced another jumbo interest rate hike on Thursday and said further increases would follow to combat soaring inflation, even as its president, Christine Lagarde, warned a eurozone recession was looming.

Gloomy earning guidance halted the S&P 500’s three-day winning streak. Moreover, a recession seems apparent as the U.S. economy battles sky-high inflation, aggressive rate hikes, and geopolitical headwinds. With the bear market not over yet, we think fundamentally strong stocks Walmart (WMT), Cisco Systems (CSCO), and Vertex Pharmaceuticals (VRTX) might…

The move risks further crushing the euro-area economy, which is already feared to be on the brink of a recession.