The Latest Breaking News from Recession

New PM needs to calm markets while his party fight like ferrets in a sack

City Voices: Rishi might have to make screeching hand-brake turns too

Evening Standard · Oct 26, 2022

1 Beverage Stock You Should Be Thirsty for in Q4

PepsiCo (PEP) surpassed Wall Street earnings and revenue estimates for the fiscal third quarter. Moreover, management raised its organic revenue and EPS outlook for the full year despite the looming recession. Given its fundamental strength and reliable dividends, PEP could be an ideal investment in Q4. Read more….

StockNews.com · Oct 26, 2022

3 Oil Stocks that Have Run Out of Gas

Even if President Biden’s SPR releases do not lower energy prices, fears of an impending recession might. Given this backdrop, fundamentally weak energy stocks like Tellurian (TELL), NextDecade (NEXT), and Camber Energy (CEI), which seem to have run out of gas, might be avoided now. Read on….

StockNews.com · Oct 25, 2022

Meloni: Italy could be in recession in 2023, faces tough times

The new Italian government faces some of the toughest challenges since World War Two and the economy could sink into recession in 2023, Prime Minister Giorgia Meloni said on Tuesday in her maiden speech to parliament.

Reuters · Oct 25, 2022

Short Seller Says They're Vindicated (Again) On This Defensive Stock

In a short report initiated April, 1 2020 with two accompanying updates, Spruce Point Capital Management warned that WD-40 Company (NASDAQ:WDFC) is widely misunderstood and believed to be defensive, but in reality faces both long- and short-term secular pressures."In April 2020 we warned that WD-40 would not be recession proof,…

Benzinga · Oct 25, 2022

Rishi Sunak faces a very different economy to the one he left as chancellor -- here's what he must tackle as prime minister

As the incoming UK prime minister, Rishi Sunak has the immediate advantage of perceived success in his two years as chancellor.

The Conversation · Oct 24, 2022

Uncertainty Clouding Enthusiasm From Commercial Real Estate Owners and Investors Heading Into 2023

The pandemic's effect on the commercial real estate industry and subsequent upheaval has contributed to a seismic shift in how buildings will be used, valued, bought and sold in 2023. And relative uncertainty surrounding the possibility of a global recession could further impact an already volatile industry.

Benzinga · Oct 24, 2022

3 Software Stocks That Look Very Bearish

Although the software industry’s long-term prospects look bright, the rising interest rate environment and the imminent recession are expected to keep software stocks under pressure. Given this backdrop, software stocks Palantir Technologies (PLTR), VTEX (VTEX), and Latch (LTCH), which have seen significant bearish actions lately, could be avoided. Read on….

StockNews.com · Oct 24, 2022

UK economic decline speeds up as output slumps

Squeezed household budgets, recession concerns and delayed business investment decisions due to political uncertainty were all cited as factors

Wales Online · Oct 24, 2022

ECB again Eyes Jumbo Rate Hike to 'Tame Inflation Beast'

The European Central Bank is expected to set aside recession worries and deliver another jumbo interest rate hike this week to cool inflation, as Russia's war on Ukraine sends energy prices soaring. Inflation in the 19-nation eurozone climbed to an all-time high of nearly 10 percent in September, five times…

Asharq Al-Awsat · Oct 24, 2022