Employee job satisfaction increases during recessions Employees feel they have fewer job prospects during recessions, making them more content with their current role. Fortune · May 11, 2023
Employees care more about having the right job, than the right salary A note to employers paying over the odds for talent: Employees don't actually care as much about salary as you think, even during a recession. Fortune · May 11, 2023
Preparing for the Next Recession: Six Considerations for Retirees Being more disciplined and risk averse in the good times can make it easier to weather the bad times when they inevitably arrive. Kiplinger · May 11, 2023
Bank of England lifts inflation and growth forecasts as it raises interest rates to 4.5% – business live BoE governor Andrew Bailey predicts inflation will have halved by the end of this year, thanks to falling energy bills The Guardian - UK · May 11, 2023
RBA research finds Australia has up to an 80 per cent recession risk to get inflation under control Previously unpublished internal research from the Reserve Bank estimates that Australia's risk of recession over this year and next could be as high as 80 per cent. ABC News · May 11, 2023
US debt standoff overshadows G7 finance leaders' meeting A standoff in Washington over raising the U.S. debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders starting on Thursday, heightening U.S. recession fears as central banks seek a soft landing for the global economy. Reuters · May 11, 2023
Biden warns ‘millions of jobs’ at risk if debt ceiling not raised US president accuses Republicans of holding economy hostage by demanding spending cuts to raise debt limit. Al Jazeera · May 11, 2023
Bangchak monitors crude prices amid recession fears Thai energy conglomerate Bangchak Group is watching energy prices in the second quarter this year amid worries of a global recession, after posting a revenue increase of 16% in the first quarter. Bangkok Post · May 10, 2023
2 Momentum Stocks to Buy for Maximum Profits The Fed’s aggressive stance toward taming stubbornly high inflation and recessionary fears has weighed significantly on investors’ sentiments. Despite market volatility, quality momentum stocks PulteGroup (PHM) and YPF Sociedad (YPF) look poised to sustain the gains. Read on. StockNews.com · May 10, 2023
3 Best Recession-Proof Stocks to Own Amid fears of recession soaring, investors are loading up defensive stocks to safeguard their portfolios. Gold, often touted as a ‘safe-haven’ asset during uncertain times, could be a wise choice now, and hence, fundamentally strong gold stocks Gold Fields (GFI), Alamos Gold (AGI), and DRDGOLD (DRD) could be solid portfolio… StockNews.com · May 10, 2023
What Are the 3 Best Gold Stocks to Buy Now? Gold is usually seen as a safe-haven asset during troubled times. With rising concerns of a recession later this year, it could be wise to buy gold mining stocks B2Gold (BTG), Centamin (CELTF), and Dundee Precious Metals (DPMLF) to protect one’s portfolio against economic uncertainty and market volatility. Read more…. StockNews.com · May 10, 2023
Why Steve Reitmeister is Becoming More Bearish 40 year investment veteran Steve Reitmeister unveils new clues that point to increased odds of bear market and new lows on the way for the S&P 500 (SPY). Get his updated market outlook, trading plan and top picks in the article below. StockNews.com · May 9, 2023
America is drunk on credit–and polarized politics complicate the Fed’s unenviable challenge of ending easy money If the economy tanks in the months ahead, Powell will get the blame. If we avoid a recession, the politicians will claim credit. Fortune · May 9, 2023
Best Tech Stock to Buy in A Recession Although recession concerns affect most tech stocks, Adobe (ADBE) is able to maintain and grow its margins during any economic cycle due to its strong business model. With a recession expected by the end of the year, I believe it could be worth buying software giant Adobe (ADBE). Keep reading. StockNews.com · May 9, 2023
The Independent UK · May 9, 2023 Oil giant Saudi Aramco's 1st quarter profit down 20% to $31B Oil giant Saudi Aramco has reported a first-quarter profit of $31.88 billion, down nearly 20% from the same period last year as energy prices have sunk over global recession concerns
ABC News · May 9, 2023 Official data confirms Australia in a 'consumer recession' as retail sales drop Australians are buying significantly fewer goods at shops and department stores, new Australian Bureau of Statistics data show.
Barchart · May 8, 2023 Crude Prices Close Higher on Disruptions to Canadian Crude Production June WTI crude oil (CLM23 ) on Monday closed up +1.82 (+2.55%), and June RBOB gasoline (RBM23 ) closed up +8.26 (+3.47%). Crude oil and gasoline prices Monday settled moderately higher. Crude prices rose Monday on carryover support from last Friday's stronger-than-expected U.S. Apr payroll report that eased recession fears...
The Guardian - UK · May 7, 2023 Can Joe Biden escape the fallout from the US banking crisis? If president is not worried about re-election prospects after one of biggest economic bubbles of past 100 years, he should be
The Independent UK · May 6, 2023 Biden hopes strong job market means soft landing for economy For President Joe Biden, the past few days have raised hopes that the U.S. economy can stick a soft landing—possibly avoiding a recession as the 2024 election nears
Fortune · May 5, 2023 The CEO of a massive private equity firm says he knows exactly what's going on with the 'non-recession' recession we're having right now All the rules say the U.S. should be in recession, but a billionaire investor says it's being contained to the rich.
StockNews.com · May 5, 2023 Why Are Bear Market Odds on the Rise? The S&P 500 (SPY) has been up, down and all around this past week thanks to the Fed statement followed by the Government Employment report on Friday. On some levels nothing has changed in the market outlook. However, looking further down the road some important things happened this week that…
Barchart · May 5, 2023 Cocoa Prices Settle Higher on a Broad-Based Commodity Rally July ICE NY cocoa (CCN23 ) on Friday closed up +29 (+1.00%), and July ICE London cocoa #7 (CAK23 ) closed up +16 (+0.73%). Cocoa prices Friday posted moderate gains. Friday's stronger-than-expected U.S. Apr payrolls report eased concerns about a recession and sparked a broad-based rally in commodities. However, gains...
StockNews.com · May 5, 2023 The Power of Branding: 3 Stocks With Strong Brand Recognition to Buy Looming concerns of a recession and the banking crisis might keep the stock market under pressure for longer. Amid heightened volatility in the stock market, Coca-Cola (KO), Starbucks (SBUX), and Chipotle Mexican Grill (CMG), which have solid brand recognition, might be ideal buys. Keep reading.
StockNews.com · May 5, 2023 3 of the Worst Consumer Financial Services Stocks to Own in May Despite the rising interest rates, the consumer financial services industry could remain under pressure due to the tighter lending standards and the chances of a recession later this year. Therefore, it could be wise to avoid fundamentally weak consumer financial services stocks Sunlight Financial (SUNL), Guardforce AI (GFAI), and Sentage…
Bangkok Post · May 4, 2023 Dexon bullish on prospects Despite several forecasts of a possible recession throughout the global economy, Dexon Technology chief executive Mallika Kaekla believes her company's strategy to expand overseas would help drive income this year.