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The Latest Breaking News from Recession

Boris Johnson ‘risks plunging UK into recession’ with call to hold down wages, economists warn

Government warning of ‘wage-price spiral’ is opposite of truth, letter says

The Independent UK

Fight against inflation raises spectre of global recession

Analysis: Interest rate cuts show central banks willing to plunge economies into recession to halt price rises

The Guardian - UK

Financial advisor's urgent bits of advice for average person as Ireland could face recession

We spoke to Andriu Mac Lochlainn, director of Murray and Spelman Financial Services, to hear what advice he would give to families

Irish Mirror

From analysis to the latest developments in health,
read the most diverse news in one place.

Is a major recession unavoidable? Three economists give their views

We are in a double bind right now. Prices are going through the roof but all the signs suggest that the economy is weakening. The answer to higher prices is normally to raise interest rates, but this also induces people and firms to spend less money. The challenge for central…

The Conversation

Stock slump worsens as recession worries grow

The S&P's 2022 decline is now 23%, putting the index on track for the worst first-half performance since 1962.

Axios

Dogecoin Daily: Recession Fears Continue To Take Toll, Elon Musk Lawsuit And More

Dogecoin (CRYPTO: DOGE) traded 4.7% lower at $0.6 over 24 hours leading up to Friday morning. DOGE fell in tandem with other major coins as the global cryptocurrency market cap declined 4.8% to $898 billion.

Benzinga

Recession for Dublin 'increasingly realistic', says capital's economic monitor

Mastercard data shows that spending in the capital fell by 8.3% from Q4 2021 to Q1 2022.

Dublin Live

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FTSE 100 Live: US markets lowest since late 2020, Tesco posts update

Another grim week for investors is ending with US benchmarks at their lowest level since late 2020 as global recession fears mount.

Evening Standard

Global stock markets head for steepest weekly fall since 2020 as recession fears rise – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Stock markets plunge again as flurry of interest rate hikes fuels recession fears

Investors wary as other central banks follow US Federal Reserve in raising borrowing costs

The Guardian - AU

Brits warned UK 'may already be in recession' as inflation could climb to 11%

Experts have warned that Britain may be sliding into a recession as inflation continues to soar and the Bank of England is forced to raise interest rates for the fifth time

Daily Mirror

Bitcoin, Ethereum, Dogecoin Tumble: Analysts Search For Crypto Bottom As Recession Fears Grip Markets

Bitcoin, Ethereum and other major coins traded sharply lower Thursday evening as the global cryptocurrency market cap fell 8.7% to $886.54 billion.

Benzinga

Stocks get crushed with recession worries mounting: Markets wrap

Stocks tumbled around the globe as recession fears resurfaced, with the Federal Reserve struggling to get on top of inflation that has proved more persistent and widespread than officials anticipated.

Tribune News Service

ASX falls 2pc and Wall Street plunges amid recession fears, UK hikes interest rates

The ASX slumps to an 18 month low after yesterday's rally on Wall Street vanishes in a sea of red, with investors taking flight as both the UK and Switzerland raise official interest rates.

ABC News

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WEKU

Despite warnings from economists, Biden says a recession is not inevitable

In an interview Thursday with The Associated Press, the president says the American people are "really, really down" after two years of pandemic, volatility in the economy and surging gas prices.

WEKU

The Dow Jones sinks below 30,000 as fears about a recession grow

Stocks sank a day after the Federal Reserve delivered its biggest rate hike since 1994.

Axios

Biden says recession is "not inevitable"

"We’re in a stronger position than any nation in the world to overcome this inflation,” Biden told the AP.

StockNews.com

5 Blue Chip Dividend Stocks Yielding More Than 4%

The stock markets pulled back yesterday after the Fed rate hike amid recessionary concerns. Considering the volatile market backdrop, investing in dividend-paying blue-chip stocks AT&T (T), LyondellBasell Industries N.V. (LYB), The Bank of Nova Scotia (BNS), International Business Machines Corp. (IBM), and Altria Group (MO) could be wise.

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The Independent UK

Biden says recession ‘not inevitable’ as Fed looks to raise interest rates to curb inflation

Financial analysts worry that the recent move into a ‘bear market’ foretells a coming recession

The Independent UK

The AP Interview: Biden says recession is 'not inevitable'

President Joe Biden says the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are hitting family budgets

StockNews.com

5 Tech Stocks You'll Regret Not Buying During the Sell-Off

The Federal Reserve’s continued monetary policy tightening to tame the surging inflation has been making investors concerned about the economy slipping into a recession soon. As a result, tech stocks are witnessing massive sell-offs. However, growing demand, impressive breakthroughs, and rising corporate and government investments in the tech industry should…

Benzinga

Mike Novogratz Predicts 'The Economy Is Going To Collapse,' But This Crypto Is Poised To 'Explode' Higher

Several analysts and economists are anticipating a potential recession in 2023, but very few have turned as negative as Galaxy Digital Holdings Ltd (Pink: BRPHF) CEO Mike Novogratz seemed to be during

Benzinga

What Impact Will A Recession Have On Crypto?

Bitcoin (CRYPTO: BTC) rallied almost 10% yesterday after reaching $20,100, as the Federal Reserve announcement of a 75 bp rate hike resulted in a short squeeze. Although a 50 bp hike was anticipated for many weeks, last Friday’s inflation data forced the market to price in a more aggressive hike…

Reason

Recession 'Virtual Certainty' as Interest Rates Spike

Plus: Libertarian Party drama, how rent control hurts renters, and more...

Irish Mirror

Jobs deemed the most 'recession proof' as top experts warn of economic downturn

The cost of living crisis has led to fears that jobs could be on the line in a potential recession.

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