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The Latest Breaking News from Recession

'There's too much talk of recession,' says Liz Truss

Tory candidate says economic slump is not inevitable

Wales Online

Liz Truss criticises ‘too much talk of a recession’ as she talks up ambition

The Tory leadership frontrunner insisted the outcome forecast by the Bank of England can be avoided.

The Independent UK

Brits urged to start Christmas shopping early to beat cost of living price hikes

Supermarkets and retailers are issuing advice to customers to help them plan ahead for the holiday period as the UK heads into another recession

Daily Mirror

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Why the Stock Market Winning Streak Ended on a Sour Note...

The 4 week winning streak for stocks ended Friday on our sour note. Not only did the S&P 500 (SPY) tumble -1.29%, but the recent market leaders endured even worse results: -2.07% for Russell 2000 and -2.01% for tech laden Nasdaq. What does this mean for stock prices in the…

StockNews.com

Europe on the brink: the states battling to stave off recession

War, drought and Covid have blighted prospects not just in Britain but continent-wide. Which countries are most at risk?

The Guardian - UK

For Republican governors, all economic success is local

Texas Gov. Greg Abbott often knocks President Joe Biden for the country's high rate of inflation and fears of a looming recession

The Independent UK

Are We Really Headed For A Recession? Here's What State Unemployment Rates And Payroll Employment Mean For The Economy

Although the U.S. has experienced two declining quarters of GDP, defined as a technical recession, many are left wondering whether the economy is really in a recession as unemployment rates remain at historical lows of 3.5%.

Benzinga

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3 Mid-Cap Stocks to Buy for Impressive Returns This Year

Investors’ sentiments are improving amid slowing inflation and rising hopes of a slower tightening by the Fed. Moreover, the economy might successfully dodge a recession considering its resilience so far. Here are three fundamentally robust mid-cap stocks, Acuity Brands (AYI), Hugo Boss (BOSSY), and Progress Software (PRGS), which look poised…

StockNews.com

Want A Great Economic Barometer? Look No Further Than The Comedy Business

Fundamentally, many would argue that the economy is headed for a recession. How deep, however, is that which is up for more debate, usually. However, there are some pockets of the economy that would completely disagree.

Benzinga

3 Stocks Hitting the Panic Button Right Now

The market is expected to remain under pressure with inflation still far higher than the Fed’s target level, consecutive rate hikes, and rising geopolitical issues. Given the increasing odds of a recession, fundamentally weak stocks, DraftKings (DKNG), Carvana (CVNA), and Flux Power (FLUX) are hitting the panic button now. Thus,…

StockNews.com

Raising Capital Could Become Tougher In 2023. Time For Entrepreneurs To Think Boldly!

Fundraising slowed down significantly in the first half of 2022 as capital became more expensive, Russia’s invasion of Ukraine became more serious, and markets and entrepreneurs accepted the ongoing recession.

Benzinga

Oil Rises on US Crude Stocks Data, Tight Supply Outlook

Oil prices rose on Thursday as robust US fuel consumption data and expected falls in Russian supply late in the year offset concerns that a possible looming recession could undercut demand. Brent crude futures climbed $1.43, or 1.5%, to $95.08 a barrel by 0900 GMT.

Asharq Al-Awsat

A Level: How will student loans be affected by rising interest rates?

Bank of England’s dire new forecast sparks recession fears

The Independent UK

The Pandemic Home-Building Boom Is Over

Builders are starting fewer new housing projects but housing construction rates remain steady. Experts say it's a product of inflation catching up with persistent supply chain problems.

Reason

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Benzinga

Brief Recession or Complete Economic Collapse? What These Wall Street Veterans Think

Since the pandemic hit in 2020, conspiracy theorists have had a field day. With seemingly everything in question, it’s been hard to discern real information from fake.

StockNews.com

4 Stocks You’ll Be Glad You Bought

The recent rally in the benchmark indices indicates improving investors’ sentiments. Moreover, analysts believe the economy could likely dodge a recession. So, it could be wise to consider buying quality stocks CVS Health (CVS), APA (APA), Biogen (BIIB), and Centene (CNC) now. Keep reading….

Evening Standard

London property market defies recession warnings with new record house price

Almost £10,000 was added to the average cost of a home in the capital in June.

The Guardian - US

Inflation is causing real pain. But raising interest rates will make it worse

Rate hikes could induce a recession and hurt ordinary people. We need price stabilisation measures instead

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news in one place.

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Fortune

81% of CEOs expect a US recession—but it will be 'brief and shallow'

A new survey shows how chief executives are planning for an economic downturn.

Wales Online

Asda boss makes dire prediction for UK economy

Lord Rose calls for Government action over cost of living crisis amid recession and inflation fears

The Independent UK

Boris Johnson ‘on shore leave’ while UK faces inevitable recession, says Asda boss

‘Nobody’s in charge at the moment,’ says Tory peer Lord Rose

The Guardian - UK

UK inflation hits 10.1%, driven by soaring food and fuel prices

ONS July figure is only fourth time in 70 years that inflation has breached 10%

Daily Mirror

Inflation hits 10.1% in new 40-year high as Bank of England warns of recession

Consumer Prices Index (CPI) inflation hit 10.1% in the 12 months to July - up from 9.4% in June - and is now at the highest level since the 1980s

Asharq Al-Awsat

Asian Markets Fluctuate as Traders Weigh Economic Outlook

Markets drifted in Asia on Wednesday, with investors trying to navigate an uncertain economic landscape as central banks hike interest rates to fight runaway inflation, in turn fueling fears of a possible recession. But while officials at the Federal Reserve and its peers are expected to keep tightening monetary policy…

Asharq Al-Awsat

Oil Prices Edge Up from 6-Month Lows after Drop in US Stockpiles

Oil prices rose on Wednesday, recovering from six-month lows hit the previous day, as a larger-than-expected drop in US oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by the prospect of a global recession. Brent crude futures rose 56 cents, or 0.6%, to $92.90 a barrel…

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