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 · May 20, 2023

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 · May 20, 2023

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 · May 19, 2023

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

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

Businessweek · May 17, 2023

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 · May 17, 2023

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 · May 17, 2023

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 · May 16, 2023

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 · May 15, 2023

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 · May 15, 2023

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….

StockNews.com · May 15, 2023