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The Latest Breaking News from Recession

Commentary: By the treasury secretary’s own definition, we’re back in recession

Last month, the Department of Commerce released troubling data on the anemic economy, showing that gross domestic income (GDI) shrank in the previous six months. That’s no surprise to half of Americans who believe we’re currently in a recession, but the data refute President Joe Biden’s claim that the economy…

Tribune News Service

New Zealand's economy dips into recession as higher interest rates bite

New figures show that New Zealand’s economy has dipped into recession as higher interest rates take their toll

The Independent UK

Afternoon Update: Thorpe alleges being ‘inappropriately touched’ in parliament; NZ enters recession; and did Beyoncé bump Swedish inflation?

Thorpe tells Senate she had reported experiences to former Coalition government

The Guardian - AU

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New Zealand falls into recession, as impact of cyclones takes toll

As the economy shrinks by 0.1% in the March quarter, officials say the impacts of cyclones Hale and Gabrielle worsened the economic outlook

The Guardian - AU

Floods, cyclone put New Zealand in slender recession

New Zealand experienced a shallow recession after two quarters of negative GDP growth to March 2023, data released by Stats NZ shows.

The New Daily

Corporate ‘greedflation’ could lead to a ‘deeper for longer’ recession, top investment bank strategist warns

Greedflation may force the Federal Reserve to keep interest rates “higher for longer” to fight inflation, pushing the economy into recession.

Fortune

New Zealand on recession knife-edge as GDP data looms

Economists are at odds as to whether New Zealand books a recession when Stats NZ releases first quarter GDP data.

AAP

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3 Stock Trading Plans for AFTER 6/14 Fed Announcement

The rally for the S&P 500 (SPY) shows the bulls are clearly in charge. However, the 6/14 Fed announcement is a major test of bullish conviction. That is why 43 year investment veteran, Steve Reitmeister, wants to share the 3 possible direction for stocks after this vital announcement comes out.…

StockNews.com

Wall Street's biggest bull called this year's stock market rally—now instead of a recession, he says ‘the economy is actually slipping into an expansion’

Fundstrat’s Tom Lee is known for his bullish takes. He called a 20% S&P 500 rebound this year, and it’s up over 14% so far.

Fortune

Goldman Sachs CEO sees ‘bumps and pain’ for real estate

A recession is unlikely to hit the U.S. before the end of the year, David Solomon predicted.

Fortune

3 Big Box Retailers Stocks to Consider Buying

Consumer spending rose while retail sales rebounded in April, indicating the economy's strength. Retail sales are expected to remain robust despite the growing possibility of a recession. Therefore, it could be wise to consider buying fundamentally strong big-box retailers stocks, Koninklijke Ahold Delhaize (ADRNY), Casey’s General Stores (CASY), and PriceSmart…

StockNews.com

UK ‘to avoid recession’ as stronger growth forecast

The UK economy will re-enter growth territory in the second half of this year, the CBI forecasts

Evening Standard

The Fortune 500's profits fell last year. Does that mean recession?

Falling profits don’t always augur a recession—although they often do.

Fortune

Economic growth to pick up but risks to recovery ‘elevated’, say UK forecasts

Households and firms can expect more financial pain despite Britain dodging technical recession, says KPMG

The Guardian - UK

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Fortune

Record revenues but plummeting profits: The Fortune 500 is trying to tell us something about the state of the economy

Fortune 500 companies generated record revenues of $18.1 trillion last year, but profits tanked roughly 15%. Here's why that happened and what it means for the economy.

Fortune

While the U.S. economy seems headed for a soft landing, the eurozone just slid into recession

Europe could have escaped a technical recession if not for Ireland’s exceedingly weak Q1 figures—but economists urge caution.

Evening Standard

Eurozone entered mildest possible recession over winter, revised figures show

GDP dipped by 0.1% in back-to-back quarters, which is the shallowest recession possible

The Guardian - UK

Eurozone sinks into recession as cost of living crisis takes toll

GDP shrank 0.1% in first quarter of 2023 and final three months of 2022 after revisions to earlier estimates

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Businessweek

Payrolls, Prices, Productivity and Profits Hold the Answer to the Puzzling US Economy

A look at the four variables that will tell us whether the country dodges a recession or becomes mired in stagflation.

Barchart

Nvidia: Down 10% From Last Week's High, is Now a Good Time to Buy?

The AI frenzy has set tech stocks on a price spurt when the market faces recessionary risks. Is Nvidia’s $1 trillion valuation an AI bubble or here to stay?

Fortune

Billionaire investor Stanley Druckenmiller warns there are 'more shoes to drop'—Silicon Valley Bank was ‘probably the tip of the iceberg’

Billionaire investors are worried. Stanley Druckenmiller sees a "hard landing" on the way and bond king Jeffrey Gundlach is warning that economic indicators are now "full-on recessionary."

Zenger

No ‘Textbook’ Recession Anytime Soon, Says Stifel Strategist As S&P 500 Will Level Out

Barry Bannister, the chief equity strategist at Stifel reportedly said there won't be a textbook recession for negative GDP.

StockNews.com

Which Grocery Chain Stock Is the Better Buy: Target (TGT) or Big Lots (BIG)?

With an inelastic demand for food and groceries and several expansion initiatives underway, grocery stores should continue to perform well, irrespective of economic conditions. Given the recession-resistant nature of the sector, let’s compare grocery chain stocks Target (TGT) and Big Lots (BIG) to assess which is a better buy now.…

The Independent UK

Rishi Sunak will accept a recession if necessary to get inflation rates down

Rishi Sunak has backed interest-rate hikes to calm inflation even if they increase the risk of the UK entering a recession.

The Guardian - AU

Australia in ‘retail recession’ as inflation and rate hikes hit spending, says report

With a 0.6% slump in turnover in the March quarter expected to continue, Deloitte forecasts a broader ‘consumer recesssion’ later this year

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Dipanjan BanchurSince

Stanley Druckenmiller

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