The Latest Breaking News on Economy

Although inflation eased further in December, the Fed will likely go ahead with its interest rate hikes this year, keeping the economy and the stock market under pressure. So, it could be wise to unload fundamentally weak stocks Roblox (RBLX), Tellurian (TELL), and Avaya Holdings (AVYA). Let’s discuss….

IFS says pay erosion helps explain why traditionally moderate teaching unions are considering strike action

For months, the outlook for the U.S. economy has been a mostly bleak one: Inflation hitting a four-decade high, consumer spending weakening, interest rates surging

With the Fed expected to keep rates higher throughout this year, the odds of the economy tipping into a recession are rising. Amid ongoing macroeconomic uncertainties, investors may consider buying companies with reliable performance over the years for solid long-term returns. To that end, Pfizer (PFE), Johnson & Johnson (JNJ),…

SACRAMENTO, Calif. — Facing a projected $22.5 billion budget deficit in the upcoming fiscal year, Gov. Gavin Newsom on Tuesday announced plans to reduce investments in the state’s move to zero-emission vehicles, make cuts to other climate change programs and delay funding for 20,000 new child-care slots as California transitions…

The world is teetering on the brink of recession — the first time in more than 80 years that two global recessions have occurred within the same decade,

The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warns

Washington-based body cuts 2023 growth forecast amid threats from inflation, interest rates, Covid and war

Amid widespread macro headwinds, recession odds are rising. Moreover, the latest job report shows signs of decelerating payroll growth. Therefore, we think reliable dividend-paying stocks Pfizer (PFE) and Walmart (WMT) could be ideal buys to protect your portfolio amid the recessionary pressures. Keep reading….

An expected recession in the US will hit the richest Americans harder than those at the bottom, the Wall Street Journal said this week, coining the term “richcession” to describe the phenomenon. But analysts say there are reasons to believe any coming recession would unfold like the ones before, hurting…

India remains a relative ‘bright spot’ in the world economy, but weak exports are expected to hamper its growth.