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The Latest Breaking News from Recession

UK will avoid recession in 2023, says IMF

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

Evening Standard

Bank of England admits it made errors in inflation forecasts

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

The Independent UK

IMF says UK no longer heading for recession but urges against tax cuts

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

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

UK will avoid recession in 2023 – IMF

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

The Independent UK

‘Dear Jay’: Jefferies strategist writes an apology letter template for all the ‘haters’ who doubt the Fed chair and his inflation fight

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

Fortune

3 Auto Parts Stocks Beating the Competition

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…

StockNews.com

Making the Case for Covered Call Strategies

During times of uncertainty, an investor can use a covered call to deliver downside protection while capturing upside gains. Here’s how it works.

Kiplinger

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Fannie Mae: The housing market recession isn't over—and soon it'll help spur a 'mild' U.S. recession

Fannie Mae: "We are expecting a significant slowdown in [housing] starts later this year"

Fortune

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

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

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.

The New Daily

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news in one place.

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StockNews.com

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…

Businessweek

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

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

ABC News

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.

StockNews.com

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…

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news in one place.

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ABC News

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.

Kiplinger

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.?

The Conversation

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.

StockNews.com

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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