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The Latest Breaking News from Recession

‘Turning point’: Business collapses spike but local recession still unlikely, say economists

The number of businesses falling into administration spiked in July as economists warn the economy is headed towards a “turning point”.

The New Daily

Housebuilding makes ‘solid return’ to pre-pandemic levels – industry body

The National House Building Council said it is not seeing evidence that the cost-of-living crisis or risks of recession are affecting consumer demand.

The Independent UK

If the Murdoch press is so panicked about recession, why did it back austerity and Brexit?

As Truss and Sunak slug it out, rightwing papers are waking up to the looming catastrophe, says Guardian columnist Polly Toynbee

The Guardian - UK

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4 Growth Stocks to Get Bullish on Right Now

Concerns about persistent macroeconomic headwinds and an impending recession are causing enormous volatility in the stock market, but better-than-expected earnings results and resilient consumer spending have been restoring investors' confidence. Therefore, we think shares of growth companies Hugo Boss (BOSSY), CTS Corporation (CTS), J.Jill (JILL), and Mannatech Incorporated (MTEX) could…

StockNews.com

5 Dividend Stocks to Get in on Until the Market Turns Around

Market uncertainty is widespread due to the increased odds of a recession amid the persistently high inflation and consecutive interest rate hikes. Moreover, additional rate hikes are likely in the coming months as the Fed tries to tame the multi-decade high inflation. Thus, we think buying dividend stocks Steel Dynamics…

StockNews.com

2 Winning Stocks to Pay Attention to This Week

Concerns over soaring inflation, the Fed’s aggressive interest rate hikes, the decline in GDP for two consecutive quarters, and a potential recession are expected to keep the stock market under pressure in the near term. Fundamentally sound and winning stocks Murphy USA (MUSA) and JAKKS Pacific (JAKK) could be good…

StockNews.com

Can Airbnb Still Thrive In A Recession?

Digital lodging platform Airbnb stock has fallen (-30%) on the year Airbnb raised its fiscal Q3 revenue guidance in anticipation of hitting all-time high quarterly revenues Prudent investors can use the reset to look for opportunistic pullbacks Digital lodging platf

Benzinga

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What To Expect From The Markets In A Recession

History shows that a recession is a needed pullback to make the markets pliable for new highs The last three recessions occurred in the new millennium Historically, recessions last an average of 17 months The big R word is upo

Benzinga

2 Specialty Retailer Stocks to Avoid This Week

The continued supply chain disruptions and rising prices have adversely affected the retail industry, particularly specialty retailers. With the possibility of the economy entering a recession, specialty retailers are expected to be affected by declining consumer demand. Thus, it could be wise to avoid fundamentally weak specialty retail stocks Party…

StockNews.com

Boris and Carrie Johnson mini-moon at 'soothing energy' villa while UK heads to recession

Boris Johnson boasted he’d had a ‘wonderful’ time swimming lakes in ‘peace and quiet’ at Vila Planinka, which urges guests to switch off phones while they dine on bear - while No10 rejected calls for an emergency budget

Daily Mirror

UK economy shrank in second quarter according to poll of economists – as it happened

Rolling live coverage of business, economics and financial markets as analysts weigh risk of recessions across the world

The Guardian - UK

Oil Bounces as China, US Data Ease Recession Concerns

Oil prices bounced higher from multi-month lows on Monday as investors' appetite improved following data on US jobs and Chinese exports data that eased recession concerns. Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel by 0638 GMT. US West Texas Intermediate crude was at $89.76…

Asharq Al-Awsat

FTSE 100 Live: Brent crude near $95 despite bumper US jobs report

Oil prices have remained near to a six-month low, despite Friday’s US jobs report easing fears about an imminent global recession.

Evening Standard

The Tories have gone AWOL as the country faces a recession

Record View says the Tories just don’t care about the cost of living crisis and have let down the country.

Daily Record

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The Conversation

6 ways Canadians can prepare for the upcoming recession

Although it certainly feels like it, and many people believe it, we are not in a recession yet. While a recession is defined as two successive quarters of negative GDP growth, it is essentially a period where economic growth falls significantly and unemployment rates rise.

The Guardian - UK

Fading global cooperation will make this crisis worse than the recession of 2008

The global financial crisis brought large economies together but the current crisis comes at a time of deep division

Daily Record

Rishi Sunak takes aim at Liz Truss over her 'starry-eyed boosterism' as pair clash on economy

The two candidates vying to replace Boris Johnson as prime minister continued to clash over their plans for the economy after the Bank of England warned this week that the UK would fall into the longest recession since the financial crisis.

The Guardian - US

Want to know if US is in a recession? You’re asking the wrong question

America is simply too big for generalizations. The right question is whether your industry is in recession

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Evening Standard

Rishi Sunak slams Truss’s ‘starry-eyed boosterism’ as clashes over economy continue

Ms Truss vowed to use a September emergency budget to “immediately” cut taxes

The Guardian - UK

Brexit will make a bad recession even worse. But Sunak and Truss won’t question it

The Tory leadership contenders are pursuing a dangerous nirvana of low taxation while ignoring the damage inflicted by leaving the EU

The Guardian - UK

Sales are soaring for Tui but the cost of living crisis could soon bite

Results this week will reveal the tour giant’s post-Covid boom, but what might a deep recession do to holiday bookings?

The Independent UK

Sunak slams Truss’s ‘starry-eyed boosterism’ as clashes over economy continue

Ms Truss vowed to use a September emergency budget to “immediately” cut taxes.

StockNews.com

Recession or Not Recession…That Is the Question

Every investor appreciates that recessions and bear markets go hand in hand. But the definition of a recession often seems more difficult to pin down. So are we in a recession? And if not, then does that mean that disaster has been averted or that the pain train is still…

The Independent UK

Truss insists on tax cuts not ‘handouts’ to help families amid spiralling prices

The Tory leadership hopeful said her plans could avert a downturn.

Wales Online

Telegraph readers back Liz Truss to be next PM

Ms Truss today took a swipe at her rival's economic legacy, blaming it for the expected recession

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