The Latest Breaking News from Recession

London (AFP) - Global stock markets slumped on Friday, with shares in tech giants tumbling on poorly-received earnings, adding to fears of a global recession according to traders. 

Frankfurt (AFP) - Germany's economy unexpectedly grew in the third quarter, official data showed Friday, but slowing growth in France and Spain added to fears that high inflation and an energy crisis will tip the region into recession.

Britain’s top four high street lenders have set aside towards £2.5 billion this week to deal with bad debts, a clear sign that the bankers are preparing for a recession.

Retail sales rose last month, with consumers showing resilience. However, the persistently high inflation and growing recession concerns are prompting consumers to cut back on discretionary spending. While investors looking for retail investments could consider buying Dillard’s (DDS) and Movado (MOV), we think Gap (GPS) and RealReal (REAL) might be…

In spite of gloomy forecasts, the U.S. economy managed to grow in the latest quarter.

Major CEO in hospitality industry sees strong pricing power for several reasons.

Universal Orlando and Universal’s other theme parks continued to improve parent company Comcast’s earnings last quarter, but a top executive on Thursday nonetheless raised the possibility of layoffs and other cost-cutting across the company in preparation for a potential recession next year.

WASHINGTON — The latest U.S. economic data shows that the economy “is continuing to power forward” and is not in a recession, President Joe Biden said.

Failure to prosecute those responsible for the 2008 financial meltown made a mockery of the criminal-justice system.

Investing in dividend exchange-traded funds (ETFs) can be a simple way to earn passive income on a relatively risk-adjusted basis. During recessions, blue chip dividend stocks with strong fundamentals tend to fare well compared to growth investments.

Frankfurt (AFP) - The European Central Bank announced another jumbo interest rate hike on Thursday and said further increases would follow to combat soaring inflation, even as its president, Christine Lagarde, acknowledged that a recession was looming.