The Latest Breaking News from Recession

Stock market volatility is rife due to the Fed’s continued rate hikes and widespread recession fear among investors. Moreover, the ongoing Russia-Ukraine war and other macroeconomic issues are hindering global growth prospects. Given the market turmoil, we think investors should steer clear of Royal Caribbean Cruises (RCL) and Carvana (CVNA),…

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…

In response to rising inflation and concerns over a potential recession, consumers are cutting back on their discretionary spending. Therefore, we think fundamentally weak consumer discretionary stocks Roku Inc. (ROKU), The Beachbody Company (BODY), and Vinco Ventures (BBIG) are best avoided now. These stocks have lost significant momentum over the…

Federal COVID-19 funds helped save cities from recession, a lobby group says.

ATLANTA — The U.S. is in a recession that will temper homebuilding throughout the next year, one of the nation’s top economists said.