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The Latest Breaking News from Recession

Cost of living Ireland: Supermarket 'deals' costing shoppers hundreds of euro, according to Aldi research

The extra annual spend could be as much as €477

Dublin Live

TNSC recommends exporters refocus on regional markets

Thai exporters have been warned to brace for the impact of China's economic uncertainties in the second half of the year on top of the looming global recession, runaway inflation and energy crisis.

Bangkok Post

ASX recovers, Australian dollar sinks as RBA lifts cash rate to six-year high

Australian shares have staged a solid recovery in the final trading hour, after the Reserve Bank lifted its cash rate target by 0.5 percentage points, in a widely-expected decision.

ABC News

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How a universal basic income helped Kenyans

When the Covid-19 pandemic and the resulting recession pushed 120 million people worldwide into extreme poverty in 2020, many countries relied on social-protection measures to cushion the blow. By May 2021, a total of 3,333 such schemes had been planned or implemented in 222 countries or territories.

Bangkok Post

3 Dividend-Paying Stocks to Consider During a Recession

Rising inflation, the Fed’s hawkish stance to tame it, and an economic contraction for two consecutive quarters have stoked fears of a recession in the U.S. economy. Amid the likely economic downturn, investors could consider investing in stocks that provide a steady income in the form of dividends. Therefore, we…

StockNews.com

Does A 'Recession' Mean 'Risk-On Session'?

Following last week’s compelling events, including the busiest week of Q2 earnings, latest FOMC meeting and Q2 GDP growth data, crypto finished July strong. Why did we see a huge rally last week?

Benzinga

Here’s what the six key official indicators of US recession show

The official arbiters of U.S. recessions look at six monthly indicators in determining whether the nation is indeed in a downturn — and they’re not flashing red.

Tribune News Service

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As tech giants face a financial downturn, some new players are focusing on people over profit

The tech industry has been rocked by recent economic woes. While once thought of as close to recession proof, companies from Netflix to Meta are suddenly experiencing serious financial setbacks. As the Washington Post reported last week: “Big tech is bracing for a possible recession, spooking other industries”. Meta (the…

The Conversation

4 "Strong Buy" Stocks Trading at Rock-Bottom Prices

Concerns over persistently high inflation, the Fed’s monetary policy tightening, the decline in GDP for two consecutive quarters, and the growing odds of a recession have kept the stock market under immense pressure over the past few months. So, fundamentally sound stocks ARC Document (ARC), Compañía Cervecerías (CCU), Hill International…

StockNews.com

Bank of England faces one of its toughest-ever interest rate decisions as UK heads towards recession

Rates expected to rise again, by 0.25% or 0.5%, increasing costs for millions of borrowers

The Independent UK

Inflation and recession, we’re taking a trip back to the chaotic Seventies

Imagine, for just a moment, you’re an economic policymaker tasked with managing the path of an economy. Now envisage a set of economic conditions that makes your task near-enough impossible. That, unfortunately, is where many real-life policymakers find themselves today. There’s too little growth but there’s also too much inflation.…

Evening Standard

Era of soaring house prices is ending as central banks raise rates

Policies are tightening when major economies are either falling into recession or heading that way

The Guardian - UK

Meet the Fed, the latest superpower to emerge from Washington's shadows

Few voters may be thinking of Jerome Powell as they go to the polls in November, but all will be coping with economic conditions strongly influenced by Powell's Federal Reserve Board.

WEKU

Who are the eight economists who decide when the US is in a recession?

The US Commerce Department on Thursday announced that the country’s gross domestic product had fallen for the second consecutive quarter, although President Joe Biden said the economic data overall “doesn’t sound like a recession”. In most countries, two successive quarters of GDP decline qualify as a recession – but not…

France 24

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The Guardian - UK

If recession hits the UK, a base rate rise is the last thing we need

This week’s decision on interest rates will be fraught, but many think Britain is heading the same way as the US

Benzinga

Did Elon Musk Predict The US Recession?

Ask economists, analysts and the White House if the United States is in a recession, and you will get different answers. With the U.S. posting two straight quarters of negative GDP growth, one definition of a recession was hit this week. Did the world’s richest man correctly predict a recession?

Benzinga

'Wikipedia Is Losing Its Objectivity': Elon Musk Responds To Recession Definition Changing, Page Being Locked

Free community based online encyclopedia Wikipedia allows users to update sites with information and facts. Sometimes users take things too far and post funny items or inaccurate information. In the case of the word “recession,” multiple attempts to change the definition led to the page being locked.

Dublin Live

Recession Ireland: Business woman and RTE host warns we must be ready for recession

'I’d like to think we did learn from 2008'

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inkl Originals

The Weekly Wrap for Saturday, 30 July 2022

The crown prince of the world's biggest petrostate wants you to get excited about an experimental, zero-carbon city on the Red Sea.

WEKU

What is a recession? Wikipedia can't decide

An editing battle over its "recession" entry prompted Wikipedia to put a temporarily lock on revisions to prevent new users from repeatedly changing the definitions of recession.

Reason

Facebook, Instagram Posts Flagged as False for Rejecting Biden's Recession Wordplay

"The fact-checking industry has become a partisan arbiter of political disputes," notes Phil Magness.

The Independent UK

Sunak says Truss’s tax-cutting plans will create ‘sugar rush boom’

The Tory leadership hopeful denied his plans to tighten fiscal policy would lead to a recession in a crunch interview with Andrew Neil.

Al Jazeera

Top economic takeaways as US wrangles with recession fears

Back-to-back GDP slowdown, Fed raises rates, higher prices and other economic highlights from a busy week.

The Independent UK

Kemp assails national economy while touting Georgia record

Georgia Gov. Brian Kemp is taking aim at what he calls the “Biden recession” and spreading blame to Democrat Stacey Abrams while at the same time arguing his own state's economy is good

StockNews.com

2 High-Dividend Stocks You Can Count on Right Now

The Fed’s second consecutive 75 basis points rate hike amid the sky-high inflation is raising recession fears. Amid the uncertain market scenario, buying high dividend stocks could be a wise strategy to ensure a stable income stream. So, here are two high-dividend stocks, Honda Motor (HMC) and Kronos (KRO), to…

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