The Latest Breaking News from Recession

To approach Hamlet's paraphrased question, we can apply Newsom's Market Rule #3, though the answer may surprise you.

Amid the possibility of a recession later this year, the consumer goods sector is expected to perform relatively well. Amid this backdrop, it could be wise to buy fundamentally strong consumer stocks Unilever PLC (UL), Yue Yuen Industrial (YUEIY), and Edgewell Personal Care (EPC). These stocks are rated Buy in…

As the United States grapples with the critical stage of raising its massive debt ceiling, the financial services sector finds itself on high alert. Hence, fundamentally weak financial services stocks BRP Group (BRP), Digital World (DWAC), and SAI.TECH Global (SAI) might be best avoided. Keep reading.

The UK economy unexpectedly shrank by 0.3% in March, according to the Office of National Statistics. And though the country is likely to narrowly avoid an official recession in 2023, just as it did the previous year, the economy is projected to hit the worst growth rates since the Great…

IMF warns that interest rates will rise further but forecast that the UK would avoid a recession

In April it forecast that UK output was expected to contract by 0.3%.

The Bank’s top economist Huw Pill acknowledged forecasts for inflation were ‘too low’, leading to mistakes in its decision-making

Jeremy Hunt should squeeze public spending and cut debt, says Washington-based body

In April it forecast that UK output was expected to contract by 0.3%.

Jefferies’s David Zervos says Jerome Powell’s critics are nothing more than “Armageddonistas” who are “in desperate need of a fresh beatdown.”

Despite fears of a recession, the auto parts industry is well-positioned to grow thanks to its ability to survive various economic cycles. Fundamentally strong industry participants AutoZone (AZO), Genuine Parts Company (GPC), and Magna International (MGA) are outperforming their peers. Therefore, it could be wise to buy these stocks. Read…