The Latest Breaking News from Recession

Persistent rate hikes by the Fed and rising odds of a recession have aggravated market turbulence and led investors to seek refuge in defensive sectors such as healthcare. Defensive stocks tend to perform well in declining markets due to the steady demand for their products. Hence, consistent dividend-yielding drug stocks…

The ASX and Wall Street stumble again on worries about steep interest rate rises next week by the Federal Reserve, and after the Reserve Bank governor says more rate rises are needed to curb inflation. The World Bank warns of a global recession because of higher rates.

August inflation figures remained unrestrained despite the Fed's consecutive rate hikes, and another significant hike seems evident next week. Given the rising recession fears, we think fundamentally weak stocks Warner Bros. (WBD), Snap (SNAP), and ChargePoint (CHPT), which are trading near their 52-week lows, might be best avoided. Keep reading….

Major economies are delivering interest rate increases to quash domestic inflation.

The airline industry has been impacted by high fuel prices and declining consumer demand amid the rising odds of a recession. Concerns over elevated inflation, a sluggish economy, and operational challenges have led airline stocks JetBlue Airways (JBLU), Spirit Airlines (SAVE), and Hawaiian Holdings (HA) to decline lately. Investors should…

The possibility of a recession in the near future and the likely reduction in credit availability that is often associated with it may drive some small-business owners to explore financing options like a line of credit

With stubbornly high inflation, rising interest rates, and growing fears of a recession, several businesses have been slashing headcount remarkably to reduce costs and stay afloat. In addition to their weak fundamentals and dim growth prospects, the announcements of layoffs have also impacted the performance of Shopify (SHOP), Coinbase (COIN),…

The jobless rate grew to 3.5 per cent in August, lifting from the record low 3.4 per cent figure in July.

The European Union's executive outlined plans on Wednesday to raise more than $140 billion from energy firms to help shield households and businesses from soaring prices that threaten economic recession and insolvencies.

Bank holiday for state funeral could send productivity plummeting at a time when country is struggling for growth

U.S. inflation is showing signs of entering a more stubborn phase that will likely require drastic action by the Federal Reserve, a shift that has panicked financial markets and heightens the risks of a recession