The Latest Breaking News from Recession

While a recession is likely, and IPOs will slow sharply, Henry Ward thinks one specific part of business activity will boom in 2023

New York (AFP) - The pound tumbled against the dollar and global stocks mostly fell Thursday as the Bank of England announced another jumbo-sized interest rate hike while warning of a prolonged recession expected to last through mid-2024.

UK economy faces ‘very challenging outlook’ with recession now expected to last until middle of 2024

While the pandemic brought massive growth opportunities for the fintech industry as digital transactions skyrocketed, the current uncertain macroeconomic environment has dampened the industry’s prospects. The stock market is expected to remain under pressure amid growing fears of recession. Therefore, it could be wise for investors to avoid fundamentally weak…

‘Everyone will be affected’: Hike in housing costs and increased inflation to hit hard

Cutting during a recession has been long discredited, says Guardian columnist Polly Toynbee

London (AFP) - The Bank of England on Thursday announced its biggest interest rate hike since 1989 to combat sky-high inflation that it warned was pushing Britain into a recession that risks lasting until mid-2024.

Although the pace of rate hikes could slow, as hinted in the latest Fed statements, a recession still seems imminent. Amid the uncertainties, investors could consider buying high-quality stocks PepsiCo (PEP), United Parcel Service (UPS), Altria Group (MO), Waste Management (WM), and Sprouts Farmers Market (SFM). Keep reading….

As the UK faces its longest recession since the 1920s, we explain what that actually means