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The Latest Breaking News from Recession

LONDON: A decision by the Opec+ oil producers’ group last week to cut output has driven up prices and could push the global economy into recession, the International Energy Agency warned on Thursday.

Bangkok Post

Rising mortgage rates are sending home prices lower

For the first time in a decade, home prices in Southern California are definitively falling.

Los Angeles Times

Budgets 'best buffer' to global recession

Headwinds facing the global economy require a coordinated international response, Jim Chalmers has told at a meeting of central bank and economic officials.

AAP

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Treasurer Jim Chalmers warns of US recession prior to meeting with G20 counterparts

Treasurer Jim Chalmers acknowledges the "deteriorating global economy and rising inflation" would put pressure on his upcoming budget, ruling out changes to legislated stage 3 tax cuts.

ABC News

Sell These 2 Sports Betting Stocks Before They Fumble Further

The raging inflation and rising recession fears amid the Fed’s aggressive rate hikes are leading people to cut discretionary spending such as sports wagering. And considering declining investors’ confidence in the sports betting sector, we think fundamentally weak DraftKings (DKNG) and Esports Entertainment (GMBL), which have been slumping in price,…

StockNews.com

3 Stocks You Shouldn't Spend Your Money on Right Now

With inflation far from the Fed’s control and the job market's resilience, analysts believe the central bank will continue its aggressive interest rate hikes. With mounting recession fears and ongoing market volatility, we believe it could be wise to avoid fundamentally-weak stocks Block Inc. (SQ), Marathon Digital (MARA), and Riot…

StockNews.com

3 Consumer Stocks to Sell Before Their Shares Tank Even More

In response to rising inflation and concerns over a potential recession, consumers are cutting back on their discretionary spending. Therefore, we think fundamentally weak consumer discretionary stocks Roku Inc. (ROKU), The Beachbody Company (BODY), and Vinco Ventures (BBIG) are best avoided now. These stocks have lost significant momentum over the…

StockNews.com

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Cities are "cautiously optimistic" about their finances — with a caveat

Federal COVID-19 funds helped save cities from recession, a lobby group says.

Axios

US is seeing its first decline in homebuilding since 2011, economists say

ATLANTA — The U.S. is in a recession that will temper homebuilding throughout the next year, one of the nation’s top economists said.

Tribune News Service

Biden predicts the US may experience ‘slight recession’

‘I don’t think there will be a recession. If it is, it’ll be a very slight recession’

The Independent UK

As IMF alarm bells ring, Australia is stuck between inflation and a looming global recession

Limp growth would normally require fiscal stimulus, yet concerns about inflation mean we’re unlikely to see a big-spending budget

The Guardian - AU

Oil Falls as Strong Dollar and Recession Fears Weigh

Oil futures fell on Wednesday as a gloomy economic outlook and a strong dollar outweighed supply concerns stemming from last week's OPEC+ cut to its production target. Brent crude futures were down $1.42, or 1.5 %, at $92.87 a barrel by 1315 GMT. US West Texas Intermediate crude was down…

Asharq Al-Awsat

5 Stocks Under $50 to Buy This Week

Despite widespread recession concerns, Jim Cramer believes that the market could see an outsized rally in the near term as per historical trends. Given this backdrop, we think investors should load up Pfizer (PFE), Stellantis (STLA), APA Corporation (APA), Ryerson Holding (RYI), and Forrester Research (FORR), which are trading under…

StockNews.com

Recession Ireland: Dublin's economy at 'weakest' level since heavy Covid-19 restrictions

Economists have been forecasting a recession in the latter part of 2022

Dublin Live

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StockNews.com

4 Cathie Wood Stocks to Sell Now

Cathie Wood’s ETFs performed miserably this year amid a market rout caused by soaring inflation, the Fed’s aggressive rate hikes, and rising odds of a recession. More trouble awaits her hedge fund, concentrated in tech, as September job gains almost affirm another aggressive rate hike in the Fed’s next meeting.…

Daily Record

What it means for the economy to 'shrink' - and how it affects our money

The economy looks as though it will go into recession after figures show it 'unexpectedly' shrank in August.

Evening Standard

Shock fall in monthly growth leads to new fears of recession

Markets’ jitters over Kwasi Kwarteng’s plan continue

Birmingham Post

South West businesses blame 'hare-brained' mini-Budget as recession risk rises

The cost-of-living crisis is taking its toll on businesses with firms calling on the government to do more to help

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Zenger

What Does Prophetic Paul Tudor Jones Have To Say About Economic Future

Billionaire hedge fund manager Paul Tudor Jones sees continued weakness ahead as the U.S. economy heads for recession.

The National (Scotland)

Risk of recession rises as UK economy shrinks in August

THE risk of a recession has risen after the UK’s economy shrank in August as factories and consumer services firms struggled, according to…

Evening Standard

UK economy shrank in August raising new fears of imminent recession

The economy shrank by 0.3 per cent in August raising new fears of an imminent recession.

Axios

Biden says "slight recession" possible, "but I don't anticipate it"

"I don't think there will be a recession," he told CNN. "If it is ... we'll move down slightly."

The Times of India

Joe Biden admits 'very slight' US recession possibility

WASHINGTON: President Joe Biden said a recession in the US is possible but that any downturn would be “very slight” and that the US economy is resilient enough to ride out the turbulence.

Reuters

If there is a recession, it will be "very slight," Biden says

U.S. President Joe Biden said in an interview released on Tuesday that he did not think there would be a recession, but that if it happened it would only be "very slight."

StockNews.com

3 Energy Stocks for Investors to 'Buy the Dip'

Energy stocks have dipped along with the rest of the market as recession fears increase. However, the longer-term supply situation continues to be concerning especially with expectations that Russia's oil production will decline due to sanctions. Thus, investors should consider buying high-quality energy stocks like Valero (VLO), Occidental Petroleum (OXY),…

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