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The Latest Breaking News from Recession

IMF chief sees light at the end of the tunnel amid global inflation and recession gloom

Kristalina Georgieva expects growth to bottom out this year.

Fortune

The war for talent has turned into a 'war for skills'

Mercer's survey of CEOs and CFOs finds companies are pivoting to a focus on skills to meet talent deficits.

Fortune

Investing time for a budget could help you through the looming recession

Most economists are anticipating a global recession in 2023, but by having a budget and not falling into sales traps, you might just be okay.

The New Daily

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

Commentary: Think Big Tech’s thousands of layoffs indicate a coming recession? Think again

Amazon is laying off more than 18,000 workers. Salesforce is shedding 8,000, and Twitter has let go thousands more.

Los Angeles Times

57 million Americans are still paying checking account fees

For 48% of Americans, their checking account fees are hurting their ability to prep their finances for a possible recession.

Fortune

Gold price to reach eight-month high

The price of gold is expected to reach an eight-month high of US$1,950 an ounce this week on looming fears of a global recession after the latest US inflation rate fell to 6.5%, said SET-listed Hua Seng Heng Gold Futures.

Bangkok Post

Davos 2023: Climate change leads to more malaria, tuberculosis up in a recession

Climate change is increasing malaria infections, the executive director of the world's biggest health fund said in Davos on Monday.

Reuters

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Survey: The US economy has a 64% chance of entering a recession this year

More likely than not, the U.S. economy will enter a recession this year, Bankrate’s Fourth-Quarter Economic Indicator poll found.

Tribune News Service

Davos 2023: Recession casts long shadow over opening of WEF summit

The prospect of imminent global recession cast a long shadow over Davos on Monday as participants gathering for the opening of the World Economic Forum's annual meeting counted the likely cost for their economies and businesses.

Reuters

The best ways to support adult kids amid looming recession

One in two U.S. parents to adult kids are still helping them pay their bills - so when is it ok to take a step back?

Fortune

3 Large-Cap Stocks to Add to Your Buy List This Winter

Despite inflation cooling further in December, the likelihood of the economy entering a recession this year is rising as the Fed expects to continue increasing interest rates until inflation comes down to its 2% target. Therefore, large-cap stocks Microsoft (MSFT), UnitedHealth (UNH), and Taiwan Semiconductor (TSM) could be stable investments…

StockNews.com

The companies that had the best shareholder return in the previous recessions did these three key things

Despite what you'd think from the latest string of job cuts, history has shown that businesses that made long-term strategic moves before an economic downturn came out on top.

Fortune

Economists warn of global recession danger ahead of World Economic Forum at Davos – as it happened

Live, rolling coverage of business, economics and financial markets as economists for major businesses forecast weak economic growth in Europe and the US

The Guardian - UK

Evaluating the China effect

One-third of the world economy may slide into a recession this year, but the outlook for China remains more murky.

Bangkok Post

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news in one place.

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Fortune

This is what stock market experts predict will happen in 2024

Could a recession be on the horizon? Here’s how investors should invest to thrive in 2024, according to market analysts.

StockNews.com

Investor Alert: The 2023 Bull Run is Over?

Hey are you enjoying the early gains for the 2023 stock market? Me too. Unfortunately this appears to be a mirage with the S&P 500 (SPY) ready to head lower...and probably make new lows in the months ahead. Why is that? Read on below for the answer.

Fortune

'Be careful of false dawns': Former Treasury Secretary Larry Summers warns a recession is still 'more likely than not'

Summers said inflation is still “inconceivably high," but acknowledged that recent trends show the Fed’s inflation-fighting campaign is “closer to being done.”

StockNews.com

3 Safe Dividend Stocks to Buy Today and Hold Forever

Amid diminishing inflationary pressures, rate hikes are expected to slow down. However, the Fed might continue with the rate hikes. As a recession looks imminent, we think fundamentally sound dividend stocks AbbVie (ABBV), Marine Products (MPX), and Bassett Furniture Industries (BSET) might be ideal buy-and-hold options to ensure a steady…

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news in one place.

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Fortune

Jamie Dimon is waffling on his economic ‘hurricane’ take yet again. His bank is now calling a ‘mild recession’ later this year

Wall Street banks are building cash reserves to cope with a “mild recession.” It’s a more optimistic outlook than some CEOs have previously offered.

The Guardian - UK

UK may avoid 2022 recession after growing 0.1% in November – as it happened

UK economy beat forecasts with 0.1% growth in November, as food and drink businesses benefited from the FIFA World Cup

Birmingham Post

Recession fears slow but industry still faces toughest trading conditions in ‘recent history’, says Chamber

Slim growth supported by technology sector and pubs and bars boosted by winter World Cup in Qatar

Tribune News Service

Texas oil patch gears up for more growth and spending with the Permian leading the way

What a difference a few years make in the Texas oil patch.

StockNews.com

Best Penny Stocks to Buy? 2 to Watch in 2023

Even though cooling inflation has raised consumer optimism, the Fed’s indication of interest rate hikes this year has also raised recession odds. Amid such volatile economic conditions, it would be wise to add penny stocks trivago N.V. (TRVG) and Overseas Shipholding Group (OSG) to your watchlist in 2023. Read on….

StockNews.com

3 Athletic Stocks to Buy in 2023 And 1 to Sell Short

Sports and athletics market is expected to witness steady growth amid increasing health awareness and government initiatives. Moreover, experts believe the sports industry is poised to weather a potential recession. Therefore, it could be wise to add quality athletic stocks Brunswick (BC), MasterCraft Boat Holdings (MCFT), and Gaia (GAIA) in…

The Guardian - UK

The UK may avoid a recession for now but it won’t feel like it for many

Jeremy Hunt is not getting carried away by November growth, and monthly GDP moves can be erratic

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