The Latest Breaking News from Recession

9 Trades to Tame the Bear Market

More economists are pointing out the recessionary storm clouds that do not portend well for stock prices. Gladly the stock market (SPY) offers the opportunity to make profits no matter of direction…if you apply the right strategies. This article will give more details on the market outlook along with a…

StockNews.com · Nov 18, 2022

3 Penny Stocks to Buy for Under $3 in November

The October inflation report has raised optimism. However, inflation is far from the Fed’s target, and rate hikes could continue. Amid widespread recession fears, quality penny stocks trading under $3, Overseas Shipholding (OSG), Good Times Restaurants (GTIM), and Educational Development (EDUC) could be solid buys instead of high-priced stocks. Read…

StockNews.com · Nov 18, 2022

2 Software Stocks Wall Street Likes Right Now

Despite the recessionary concerns, software spending is expected to remain robust. Moreover, investor sentiment toward software stocks has improved over the past month. Therefore, we think Wall Street favorites Microsoft (MSFT) and Oracle (ORCL) are ideal buys now. Keep reading….

StockNews.com · Nov 18, 2022

Nationwide sets aside £108m for bad loans as borrowers face surging costs

Building society says it expects relatively few of its customers to default on repayments in cost of living crisis

The Guardian - UK · Nov 18, 2022

Jeremy Hunt's autumn statement is a poisoned chalice for whoever wins the next election

UK Chancellor Jeremy Hunt has produced a highly political autumn statement that throws forward major cuts in public spending to after the next general election. The accompanying economic forecast by the government’s Office for Budget Responsibility (OBR) confirms that the country is facing a recession, with unemployment rising, inflation still…

The Conversation · Nov 18, 2022

Jeremy Hunt slams Tory MPs attacking tax rises: ‘Nothing Conservative about ducking difficult decisions’

Chancellor hits back at MPs attacking his £24 billion of tax rises

Evening Standard · Nov 18, 2022

Russia falls into recession as Western sanctions lead to a 4% fall in GDP

Russia has plunged into a recession after its economy shrank by 4% in the most recent financial quarter, with the effects of Western sanctions on trade now taking hold

Daily Mirror · Nov 18, 2022

America is heading for a soft landing while the U.K. is expecting its worst decline in living standards—ever

Americans are fretting over an expected recession, but the economy is in many ways strong. Things are gloomier in the U.K.

Fortune · Nov 17, 2022

ASX finishes higher with OzMinerals up 4 per cent, as BHP's 'final' offer values it at $9.6 billion

OzMinerals' stock has topped the ASX 200 on Friday, after the company reveals a final offer from BHP that values it at $9.6 billion.

ABC News · Nov 17, 2022

Biggest hit to living standards on record as Hunt lays out autumn statement

Austerity is pushed back until after the next election amid evidence of higher energy bills and a protracted recession

The Guardian - UK · Nov 17, 2022