The Latest Breaking News from Recession

The Fed’s annual stress test showed that America’s largest banks, including Bank of America (BAC) and Wells Fargo & Company (WFC), were highly unlikely to stumble in a severe recession scenario. Both banks beat the consensus EPS and revenue estimates in the second quarter. So, which of these two banks…

Chancellor looks safe for now despite speculation, but calls for change may get louder as general election looms

Policymakers vote for quarter-point rise to 5.25%, the 14th increase in a row, as Bank rules out prospect of recession

The investment bank has been predicting a recession since the summer of 2022. A full year later, it’s having second thoughts.

Shares of unprofitable technology companies have rallied sharply this year amid rising optimism that the U.S. will avoid a recession and that the Federal Reserve will soon end its interest rate hiking campaign. A basket of unprofitable technology stocks tracked by Goldman Sachs has surged +43% since May, its best...

Trump’s efforts to overturn election and political polarization led agency to decision, says senior director

City Comment: If you had believed the mainstream forecasters, we would already be in recession

Unions say widespread job losses in recent months have left UK ‘teetering on the brink of recession’

More people with more freedom equals more spending.