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The Latest Breaking News from Recession

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

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

The Guardian - UK

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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.

Benzinga

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

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

Dublin Live

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.

inkl Originals

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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.

WEKU

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.

Reason

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.

The Independent UK

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.

Al Jazeera

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

The Independent UK

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…

StockNews.com

Why is it so hard to say if this is a recession?

Economists were on high alert Thursday morning awaiting data from the U.S. Commerce Department that might shed light on whether the country is in a recession — a question with vast implications for consumers, employers and electoral politics.

Los Angeles Times

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The Independent UK

New York City Mayor Eric Adams contradicts Biden’s optimism about economy: ‘We are in a recession’

President Joe Biden denied the US was in a recession on Thursday after the economy shrank for a second quarter in a row

StockNews.com

3 No-Brainer Growth Stocks You Should Buy Without Hesitation

The stock market’s downturn due to persistent macroeconomic headwinds and a potential recession has created an excellent opportunity to buy fundamentally strong stocks at reasonable prices. While the market is expected to remain under pressure in the coming months, one could invest in quality growth stocks Albertsons Companies (ACI), Celestica…

StockNews.com

Buy These 3 Monster Growth Stocks Before It’s Too Late

Amid sky-high inflation and consecutive rate hikes, U.S. GDP witnessed another consecutive decline in the second quarter. However, investors seem to have shaken off recession fears causing U.S. equities to rally. Thus, we think quality growth stocks, Core Molding (CMT), Civeo (CVEO), and Genuine Parts (GPC), could be worth buying…

France 24

Eurozone inflation hits record 8.9% despite better-than-expected growth

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia's war in Ukraine, but the economy still managed better-than-expected, if meager, growth in the second quarter.

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Benzinga

Dogecoin Daily: Price Intact Despite Talk Of Recession, What Co-Founder Has To Say

Dogecoin (CRYPTO: DOGE) traded 2.6% higher at $0.07 over 24 hours leading up to early Friday morning DOGE traded higher alongside other major coins as the global cryptocurrency market cap rose 4.2% to $1.1 trillion.

Asharq Al-Awsat

Inflation Hits Record 8.9% in 19 Countries Using the Euro

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices driven partly by Russia's war in Ukraine, but the economy still managed some meager growth. Annual inflation in the eurozone’s 19 countries rose to 8.9% in July, an increase…

Dublin Live

Irish celebs not worried about looming recession - from Suzanne Jackson's boat to Vogue's many properties

Some Irish celebs are spending most of the summer in Portugal

The Guardian - UK

ExxonMobil and Chevron shatter profit records; eurozone inflation hits record 8.9% – business live

US oil companies post huge earnings, as sky-high fuel costs hit consumers and drive up inflation

Benzinga

Recession? Here's What Analysts Expect For Bitcoin, Ethereum, Dogecoin

A rally in major coins remained intact on Thursday evening as the global cryptocurrency market cap rose 3.8% to $1.09 trillion at press time.

Los Angeles Times

Here’s why the US economy shrinking in the 2nd quarter may not be so bad

WASHINGTON — In the most aggressive back-to-back interest rate increases since the early 1980s economic crisis, the Federal Reserve on Wednesday announced another hike of three-quarters of a percentage point and signaled more to come in its effort to beat back inflation despite the risk of a recession.

Fortune

4 stocks to buy that are worth the risk in a recession, according to a top portfolio manager at Nuveen

Nuveen CIO Saira Malik says investors need to focus on quality and resilience for their stock picks.

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