The Latest Breaking News from Recession

Bank of England expected to keep interest rates unchanged amid risk of recession

Bank of England’s Monetary Policy Committee announces its next interest rates decision on Thursday

The Independent UK · Nov 2, 2023

US consumers feeling slightly less confident in October for 3rd straight month

American consumers are feeling increasingly less confident these days as fears of an oncoming recession remain elevated

The Independent UK · Oct 31, 2023

The Bank of England needs to lower interest rates now or risk recession

City Voices: The UK is in serious risk of entering a recession, meaning hardship and misery for millions

Evening Standard · Oct 31, 2023

Gold, Bitcoin, Bonds, or Dividend Stocks: What's the Best Safe-Haven Investment Right Now?

As stocks tumble, global tensions flare, and top investors sound the alarm, is your portfolio ready to weather a coming storm? Here's what you need to know about Wall Street's favorite safe haven assets.

Barchart · Oct 30, 2023

Companies are focused on cost reduction in case of a recession–but they should be preparing for the recovery that will likely happen

'A soft landing may be possible, if not likely.'

Fortune · Oct 30, 2023

5 things to know about a stunning week for the economy

The U.S. economy continues to defy gravity, growing rapidly despite high interest rates. Consumer spending is powering the expansion, but it's not clear how long that can last.

WEKU · Oct 28, 2023

Forget about that hot GDP report—small companies are being ‘garroted’ by the ‘7 Fed Horsemen of the Apocalypse,’ top strategist warns

Société Générale’s Albert Edwards believes “greedflation” boosted pandemic profits, but now that’s over, and AI optimism isn’t enough to stave off a collapse.

Fortune · Oct 27, 2023

Joe Biden is taking a victory lap after the latest blowout GDP report and says the much-feared recession is canceled, but Wall Street is dubious

The Biden administration celebrated the surge in U.S. GDP growth Thursday, but economists and analysts warn it could be the last hurrah for an ailing economy.

Fortune · Oct 26, 2023

I studied 1 million home sales in metro Atlanta and found that Black families are being squeezed out of homeownership by corporate investors

In the years since the Great Recession, when housing prices dramatically fell, Wall Street investors have been buying large numbers of single-family homes to use as rentals. As of 2022, big investment firms owned nearly 600,000 such properties nationwide.

The Conversation · Oct 26, 2023

ECB keeps interest rates steady amid eurozone recession fears

Widely expected decision by European Central Bank follows 10 consecutive rises in borrowing costs

The Guardian - UK · Oct 26, 2023