The Latest Breaking News from 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…

Recession fears are spreading like wildfire amid the skyrocketing inflation and the Fed’s aggressive rate hikes. On the other hand, the telecom industry’s prospects look impressive, thanks to overwhelming demand and solid technological advancements. Thus, we think it could be wise to invest in high-yielding telecom stocks Verizon (VZ) and…

Goldman Sachs sees GDP growth of just 0.9% for all of 2022, down from their previous forecast of 1.3%.

Airline stocks have been plunging despite the robust travel demand as inflation and recession fears weighed on the sector. Therefore, we think it could be wise to avoid fundamentally weak airlines stocks Virgin Galactic (SPCE), Frontier Group (ULCC), Air Canada (ACDVF), and Spirit Airlines (SAVE) now. Keep reading.

The latest Westpac-Melbourne Institute leading index declined in May, but still shows the economy holding above its long-term trend.

It came as a surprise to economists, but GDP fell 0.2 percent in the March quarter - is New Zealand in for another recession?

Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession

The Tory former Chancellor, 81, said the 'absurd' £400 payment to all electricity bill-payers had helped him twice in a cost of living crisis that was 'one of the worst I can remember in my lifetime'

Musk’s comments, echoing other CEOs, are accompanied by plan to lay off 10% of Tesla’s salaried staff

Nearly 70% of academic economists recently surveyed by the Financial Times in partnership with the Initiative on Global Markets at the University of Chicago’s Booth School of Business expect the US economy to fall into a recession in 2023.   

London (AFP) - Stock markets rose Tuesday as calm returned following last week's rout, but analysts warned that recession fears have not gone away and will cause more turmoil.