The Latest Breaking News from Recession

WASHINGTON — Whether it’s President Joe Biden insisting a recession is avoidable or his critics arguing that the wolf is at the door, both sides are acting as though the nation faces an unprecedented catastrophe.

The surging inflation and the Fed’s efforts to tame it by aggressively hiking interest rates have led to many analysts forecasting a recession later this year. Investors must consider picking up stocks that generate passive income in an uncertain economic environment. Medtronic (MDT) recently announced an 8% increase in its…

Rising prices and recession mean the last thing the government should do is muddle through and leave everything to the market, writes economics editor Larry Elliott

Federal Reserve Chair Jerome Powell underscored the Fed’s determination to raise interest rates high enough to slow inflation, a commitment that has fanned concerns that the central bank’s fight against surging prices could tip the economy into recession

Every domestic energy source, including nuclear power, is under consideration as Germany seeks to fuel its economy and ward off a recession considered likely if faltering Russian gas supplies stop completely.

Retail companies have faced multiple headwinds of late, including multi-decade high inflation and persistent supply chain disruptions. With recession fears looming, many retail companies have lowered their guidance for the current year. However, not all stocks are expected to be weighed down by the recession. Kroger (KR) has raised its…

The Kuwait Investment Authority (KIA) is waiting for a further expected decline in global markets before deploying investments and believes that will be by the end of the year, Managing Director Ghanem al-Ghenaiman said on Tuesday. Speaking at the Qatar Economic Forum organized by Bloomberg in Doha, Ghenaiman said he…

Emir of Qatar Sheikh Tamim bin Hamad Al Thani warned on Tuesday of a wave of global economic stagnation and inflation that the world has not seen in 45 years, citing a slowdown of growth in the global economy by about a third this year. Speaking at the opening of…

Bitcoin resumed a fall on Wednesday, moving in tandem with weakening stocks amid mounting concerns about a global recession.

Wednesday: Activists are seeking to put a stop to the Scarborough development in WA. Plus: Elon Musk warns of US recession

Rosenblatt analyst Barton Crockett maintained Twitter, Inc (NYSE:TWTR) with a Neutral and cut the price target from $54.2 to $33, below Tesla, Inc (NASDAQ:TSLA) chief's takeover bid. Crockett believed that the absence of the deal would lead to even lower share prices for Twitter. Social media comparables were already hit by a possible weakening ad market likely…