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The Latest Breaking News from Recession

US debt default threatens global chaos making 2008 recession 'look like tea party'

The US has raised its debt ceiling limit multiple times in the last decade up to $13.4 trillion but a deal must be struck before the end of the month to avoid default which could spark a terrible recession

Daily Mirror

The high-stakes debt ceiling fight could be a $12 trillion blow to the American economy: Here are 3 disasters a default would trigger

Janet Yellen has warned that defaulting on the debt would be a "catastrophe," but do you really know what that means?

Fortune

Investors: DON’T Get Fooled by This Suckers Rally

The S&P 500 (SPY) seems to be breaking out into bull market territory above 4,200. However, history shows many examples of how this could be nothing more than a Suckers Rally. That’s why you should tune into Steve Reitmeister’s most recent market commentary including a clear trading plan and top…

StockNews.com

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Congress And The White House Have Yet To Come An Agreement Prior To A Default

Biden and Congressional aides currently in negotiations while the President is currently attending the G-7 as a recession looms.

Zenger

Hedge fund billionaire Steve Cohen says focusing too much on a looming recession could make you miss the 'big wave' of A.I. opportunity. 'I'm actually pretty bullish.'

“I’m making a prognostication—we’re going up,” the billionaire investor said at a private event Tuesday, Bloomberg first reported, citing unnamed sources.

Fortune

Budget 2023: ECE expansion, prescription changes in 'pragmatic' plan

The Finance Minister has unveiled a measured Budget as New Zealand is forecast to avoid recession - but low growth and peak unemployment expected to hang around.

Newsroom.co.nz

Alan Kohler: The confusing, ridiculous state of economic forecasting

There was a time when we were sure that interest rates wouldn’t change for three years. That illusion was cruelly dashed a year ago.

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Why Investors Are Buying Coca-Cola (COKE) This Week

Coca-Cola Consolidated (COKE) shares have recently witnessed strong buying interest from institutional investors. Despite the uncertain macroeconomic environment, the company reported a robust financial performance in the first quarter. Moreover, despite recession concerns, the company projects strong revenue and earnings growth for fiscal 2023. Will it be wise to follow…

StockNews.com

Recession Calls Keep Getting Pushed Back, Giving Soft Landing Believers Hope

Defying sharp rate hikes, unemployment stays low and consumers resilient.

Businessweek

What is the US debt ceiling? How does it affect the economy? Could Australia be impacted?

The United States is rapidly running out of money to pay its bills unless the Republicans and Democrats can agree on a new deal. Here's how the US got here, and what it means for Australia.

ABC News

The WORST Stock Market Ever- Part 2

The S&P 500 (SPY) seems to be going nowhere. But that does not mean there is nothing happening. Nor does it mean there is not money to be made in this market. Listen up to Steve Reitmeister’s most recent market commentary lighting the path to investment profits even when the…

StockNews.com

ASX closes lower as Incitec Pivot's profit falls, US recession warning as debt ceiling deadline looms — as it happened

The Australian share market closes lower as Incitec Pivot records a lower profit result, and the US Treasury secretary warns a recession is likely unless a deal is struck over the debt ceiling. Look back on the day's business and market news with our blog.

ABC News

Credit Card Spending is on the Rise — What Could That Mean for a Recession?

With credit card spending on the rise, is a recession on the cards for the U.S.?

Kiplinger

UK economy: why the Bank of England is now more upbeat than the IMF

The Bank of England has changed its mind about the prospects for the UK economy. Having been predicting a recession in 2023 as recently as February, its latest May report is expecting a soft landing from the bout of high inflation and a year of interest rate hikes.

The Conversation

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Gates Industrial (GTES): Buy or Hold?

A likely recession later this year could impact the auto industry’s growth. Despite being closely related to the auto industry, auto parts companies are relatively unaffected by a recession. Therefore, buying fundamentally strong auto parts stock Gates Industrial (GTES) could be wise. Read more….

The Independent UK

Europe's outlook for economic growth brightens — a little

The European Union’s executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an energy crisis

The Guardian - UK

Petrol and diesel retailers pump up profit margins; Europe approves Microsoft’s $69bn Activision Deal – as it happened

Fuel margins have increased across the retail market, but in particular for supermarkets, over the past four years, says competition watchdog

The Independent UK

Stock market today: Asian markets, oil lower as recession fears, debt ceiling darken outlook

Asian shares are mostly lower though Tokyo's benchmark has gained after a decline Friday on Wall Street driven by renewed worries over a possible recession

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Why Are Investors in a “Sticky Situation”?

The S&P 500 (SPY) seems to be going trading in a fairly tight trading range. Yet there are more facts emerging that would lead one to a bearish conclusion. That includes the discussion of Sticky Inflation. You may not have thought much about that...but let me assure you that is…

StockNews.com

Best Medical Stock Investors Should Buy in a Recession

Despite the cooling down of inflation, a Fed rate cut is not in sight. Amid recessionary concerns, investing in medical stock Abbott Laboratories (ABT) could be wise given its sound financials and the inherent stability of the medical sector. Let’s take a look at some of the company’s key metrics….

StockNews.com

3 Best Metal Stocks to Buy in a Volatile Market

In light of the macroeconomic headwinds fueling concerns of a crippling recession, the stock market will likely remain under pressure. Against this backdrop, quality metal stocks ESAB Corp. (ESAB), Gibraltar Industries (ROCK), and Ryerson Holding Corp. (RYI) could help investors stay afloat in a market downturn. Keep reading….

StockNews.com

2 Tech Stocks to Sell in May

Tech spending is slowing amid the rate hikes and recession concerns. Given the near-term headwinds, avoiding fundamentally weak tech stocks Ouster (OUST) and Integrated Media Technology (IMTE) might be best. Read on.

StockNews.com

No.1 Tech Stock to Own in a Bear Market

Given the broad economic headwinds and widespread recessionary concerns, a bear market might be on the horizon. Against this, stable tech stock Accenture plc (ACN) could be a solid buy-and-hold choice. Let’s explore the trends of some of the company’s key metrics….

StockNews.com

Best Software Stock to Outperform in a Bear Market

Despite a volatile macroeconomic environment, Synopsys (SNPS) delivered a robust financial performance in its first quarter. Although recession fears remain, the company expects to achieve solid growth in its top and bottom lines. Therefore, it could be wise to buy the stock now as it looks likely to outperform in…

The Independent UK

Millions face mortgage pain as Bank of England raises interest rate to tackle ‘stubbornly high’ inflation

UK to avoid recession, forecast finds – as economists warn Bank may have gone too far in raising rate

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