The Latest Breaking News from Recession

Australians must brace for several years of high inflation and rising interest rates, Reserve Bank governor Philip Lowe warned in a speech on Tuesday.

The governor of the Reserve Bank has warned high inflation is likely to persist for years to come as the global economy works through major supply issues.

The prospects of more aggressive interest rate hikes to fight the multi-decade high inflation and the fears of a subsequent recession have put the stock market under immense pressure. However, despite the current market downturn, fundamentally sound stocks RCM Technologies (RCMT), Alpha Metallurgical (AMR), and Urban One (UONEK) are up…

Electric vehicle maker Rivian Automotive’s (RIVN) efforts to diversify its consumer and commercial vehicles portfolio have helped it witness substantial demand. But unfortunately, the company faces various challenges, including supply chain hold-ups and rising input costs. Moreover, given that the stock’s negative profit margin could be a deterrent amid recession…

Stock market sentiment continues to be driven by recession fears after investors endured one of their worst weeks since the start of the pandemic.

UK travel chaos deepens

The Australian share market has dropped by more than 15 per cent from its record high, sliding closer towards a bear market. Some investors may be tempted to "buy the dip", but analysts say there is "further downside" ahead.

Asian markets are mixed in cautious trading ahead of a federal holiday in the U.S. Worries over inflation and risks of a global recession from central bank efforts to bring it under control appeared to outweigh Wall Street's positive close on Friday

Australian shares have struggled for momentum on Monday after falling to their worst week in more than two years as energy and mining stocks countered gains in banks.