The Latest Breaking News from Recession

The global economy is on the verge of falling into recession next year as countries have taken the wrong currency management path in response to the US Federal Reserve's aggressive policy rate hikes, a Thai economist warns.

Inflation increased more than expected in September despite the rate hikes. The stubbornly high inflation cements the case for further hawkishness from the Fed. Amid rising recession worries, we think dividend stocks Eli Lilly (LLY), APA Corporation (APA), and Bluegreen Vacations (BVH), with stable dividend-paying records, could be ideal additions…

Reuters

LONDON: A decision by the Opec+ oil producers’ group last week to cut output has driven up prices and could push the global economy into recession, the International Energy Agency warned on Thursday.

For the first time in a decade, home prices in Southern California are definitively falling.

Headwinds facing the global economy require a coordinated international response, Jim Chalmers has told at a meeting of central bank and economic officials.

Treasurer Jim Chalmers acknowledges the "deteriorating global economy and rising inflation" would put pressure on his upcoming budget, ruling out changes to legislated stage 3 tax cuts.

The raging inflation and rising recession fears amid the Fed’s aggressive rate hikes are leading people to cut discretionary spending such as sports wagering. And considering declining investors’ confidence in the sports betting sector, we think fundamentally weak DraftKings (DKNG) and Esports Entertainment (GMBL), which have been slumping in price,…

With inflation far from the Fed’s control and the job market's resilience, analysts believe the central bank will continue its aggressive interest rate hikes. With mounting recession fears and ongoing market volatility, we believe it could be wise to avoid fundamentally-weak stocks Block Inc. (SQ), Marathon Digital (MARA), and Riot…