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The Latest Breaking News from Recession

OPEC+ to meet amid economic downturn fears

Vienna (AFP) - Faced with recession fears, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday, with some experts even forecasting a cut to support prices.

AFP

Liz Truss vows tax cuts after winning vote to be next British Prime Minister

Liz Truss will become Britain's next prime minister after winning a leadership race for the governing Conservative Party on Monday, vowing to press ahead with promised tax cuts and action to tackle a deepening energy and cost of living crisis.

Reuters

UK needs to be put on an economic war footing for the coming recession

Incoming prime minister’s only priority over next few weeks should be to avoid meltdown

The Guardian - UK

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Why Are Stocks Tilting Bearish Once Again?

The S&P 500 (SPY) rallied 18% from the June lows til they hit a wall in mid August. At first it seemed the reason was simply hitting the resistance level at the 200 day moving average. But really, if we are being honest with ourselves, it is the reawakening to…

StockNews.com

Vanguard Forecasts The Next 10 Years: 65% Chance Of Recession, Bet On Value Stocks

The Vanguard Group is projecting an annualized return of between 4.1% and 6.1% for U.S. stocks over the next ten years, with value stocks beating those returns.

Benzinga

Recession Warning: Buckle Up For Fed's Hard Landing For U.S. Economy, Dow Jones

Buckle up for recession and Dow Jones turbulence: The Federal Reserve is risking a hard landing for the U.S. economy to address chronic labor and housing shortages.

Investors Business Daily

Do’s and don’ts of saving during a recession

Strategies to build your savings during a recession may involve adjusting your savings goals and cutting expenses, while paying down loans and avoiding additional debt. Getting into the habit of saving money takes discipline and can be challenging even during non-recessionary times.

Tribune News Service

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Stock markets jump on US jobs data

London (AFP) - US and European stock markets shot higher on Friday following data that showed US job creation slowed but remained positive last month, belying fears of a recession induced by interest rates and inflation.

AFP

Explainer-Next UK leader to inherit an economy in a bind

Britain's next prime minister - who will be announced on Monday - will inherit an economy that is forecast to go into a long recession later this year with inflation at a 40-year high and limits on the options for getting growth going again.

Reuters

US economy added 315,000 jobs in August as unemployment rate rose slightly from half-century low

The government reported Friday that the economy added 315,000 jobs last month, down from 526,000 in July

The Independent UK

European equities stage rebound before US data

London (AFP) - Europe's stock markets rose Friday before key US jobs data, after diving the previous day on fears of an inflation-induced recession.

AFP

Ryanair breaks passenger record in August flying 17 million people

Irish budget airline says business model is well placed to do well during a recession after coping with Covid

Evening Standard

Editorial: The end of the end of the 20th century

Some would say the 20th century ended at Y2K — midnight on Jan. 1, 2000. Others would say that, as a historical phenomenon, it extended until the shock of Sept. 11, 2001. And others still might cite the Great Recession or even the election of Donald Trump as the real…

Tribune News Service

Commentary: Could a return of the lost workers avert a recession?

There’s not much good to say about the U.S. economy today, with out-of-control inflation eroding household incomes and Americans bracing for a recession after gross domestic output shrunk in the first half of 2022.

Tribune News Service

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The Guardian - UK

Markets rally after US jobs report; G7 ministers back Russian oil price cap; pound under pressure – as it happened

US non-farm payroll rose by 315,000 in August, as hiring slowed after a strong July

Birmingham Post

Late problems increase for North East firms amid fear of recession

New figures show more than 13,500 companies in the region are waiting for payments

The Independent UK

‘Action needed now’ says British Chambers of Commerce as deeper, longer recession looms

‘Time is fast running out’ as inflation now expected to hit 14%

Investors Business Daily

Why You Can't Trust Friday's Jobs Report, And What It Means For The S&P 500

Recent monthly jobs reports are stretching credulity. Evidence suggests recession may be close at hand.

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news in one place.

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Input

Secondhand shopping is at an all time high, thanks to the recession

OfferUp reports 272 million Americans are buying and/or selling pre-owned goods.

Los Angeles Times

Is a recession coming? How to make the most of your paycheck

The economy is weird right now.

The Guardian - UK

UK factory output slumps at fastest rate since May 2020

Analysts say manufacturing recession has begun as new orders fall amid soaring inflation and economic uncertainty

AFP

Global stocks selloff intensifies on recession fears

London (AFP) - Global stock markets sank Thursday, propelled by rampant inflation and growing recession fears as another major Chinese city went into lockdown.

Bristol Post

Mixed Bristol house price prediction as UK forecast to fall into recession

The experts have forecast what they think will happen with property prices over the next few months

Evening Standard

FTSE 100 Live: Stock markets weaker, house market ‘losing momentum’

Investors remain on the sidelines after recession and interest rate fears led to more heavy selling for stock markets today.

AFP

UK political upheaval and stagflation fears weigh on pound

London (AFP) - Political uncertainty and growing economic woes, including spiralling inflation and the threat of a recession, are weighing heavily on the British pound, against both the US dollar and the also struggling euro.

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