The Latest Breaking News from Recession

The stock market extended losses to a third day on low business activity and fears of a global recession. Facebook bucked the trend.

RECAP: Asian shares declined yesterday, as continued interest rate hikes and a steadfast hawkish stance by major central banks fuelled global recession worries and sapped risk sentiment, driving US and European markets down.

“You have this long grind that’s probably a couple years.”

Nearly half of big money managers don't believe the Fed will be able to stick a soft landing and worry that stagflation will be a bigger risk next year.

Although inflation is showing signs of cooling down and the Fed indicated a slower pace of interest rate hikes, recession fears loom. Thanks to the resilient demand for its products and services, the healthcare industry is expected to survive a challenging macroeconomic environment better than many industries. Thus, it could…

Spirit Airlines (SAVE) recorded solid topline growth in its 2022 third quarter. However, it missed consensus revenue estimates by more than $3 million. Moreover, the airline industry is witnessing slower bookings amid the recessionary concerns. So, let’s find out if SAVE could be an ideal buy this holiday season….

Here’s how to fight back against a tough economy.

While the Fed announced the much-anticipated 50-bps rate hike, its hawkish tone on the course of the rate hikes has crushed investors’ optimism. Moreover, given the recessionary fears, fundamentally solid stocks PepsiCo (PEP), Humana (HUM), and Kroger (KR) might be safe buy-and-hold options. Read more.

As the market looks to finish another busy week on the downside, catch the biggest stock stories live at 9:30 a.m. ET.