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The Latest Breaking News from Recession

UK economy on brink of recession as Truss takes over, figures show

Activity in manufacturing and services fell last month as businesses struggle with soaring costs

The Guardian - UK

OPEC+ faces what to do about lower oil prices; drivers cheer

Oil prices are sagging amid fears of recessions across the globe

The Independent UK

The daunting economic challenges facing the UK’s next chancellor

Nadhim Zahawi’s successor will have to provide support as the country grapples with falling into recession

The Guardian - UK

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Liz Truss to be UK's new PM after winning Conservative leadership race

Liz Truss was named Britain’s next prime minister on Monday, winning a leadership race for the governing Conservative Party at a time when the country faces a cost of living crisis, industrial unrest and a recession.

France 24

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

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

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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

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

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

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%

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.

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news in one place.

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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

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.

Irish Mirror

Ryanair boss issues grim fares warning as energy prices and recession could wreak havoc

"The market in 2023 and 2024 will not return to pre-Covid levels"

Wales Online

Ryanair boss issues grim fares warning amid soaring inflation pressures

He claimed some airlines could struggle to survive because of inflation caused by rising costs of fuel and energy

Asharq Al-Awsat

New Russia Gas Halt Tightens Energy Screws on Europe

Russia halted gas supplies via a major pipeline to Europe on Wednesday, intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some of the region's richest countries. The outage for maintenance on Nord Stream 1 means that no gas will flow…

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