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The Latest Breaking News from Recession

Sunak says Truss’s tax-cutting plans will create ‘sugar rush boom’

The Tory leadership hopeful denied his plans to tighten fiscal policy would lead to a recession in a crunch interview with Andrew Neil.

The Independent UK

Top economic takeaways as US wrangles with recession fears

Back-to-back GDP slowdown, Fed raises rates, higher prices and other economic highlights from a busy week.

Al Jazeera

Kemp assails national economy while touting Georgia record

Georgia Gov. Brian Kemp is taking aim at what he calls the “Biden recession” and spreading blame to Democrat Stacey Abrams while at the same time arguing his own state's economy is good

The Independent UK

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2 High-Dividend Stocks You Can Count on Right Now

The Fed’s second consecutive 75 basis points rate hike amid the sky-high inflation is raising recession fears. Amid the uncertain market scenario, buying high dividend stocks could be a wise strategy to ensure a stable income stream. So, here are two high-dividend stocks, Honda Motor (HMC) and Kronos (KRO), to…

StockNews.com

Why is it so hard to say if this is a recession?

Economists were on high alert Thursday morning awaiting data from the U.S. Commerce Department that might shed light on whether the country is in a recession — a question with vast implications for consumers, employers and electoral politics.

Los Angeles Times

New York City Mayor Eric Adams contradicts Biden’s optimism about economy: ‘We are in a recession’

President Joe Biden denied the US was in a recession on Thursday after the economy shrank for a second quarter in a row

The Independent UK

3 No-Brainer Growth Stocks You Should Buy Without Hesitation

The stock market’s downturn due to persistent macroeconomic headwinds and a potential recession has created an excellent opportunity to buy fundamentally strong stocks at reasonable prices. While the market is expected to remain under pressure in the coming months, one could invest in quality growth stocks Albertsons Companies (ACI), Celestica…

StockNews.com

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Buy These 3 Monster Growth Stocks Before It’s Too Late

Amid sky-high inflation and consecutive rate hikes, U.S. GDP witnessed another consecutive decline in the second quarter. However, investors seem to have shaken off recession fears causing U.S. equities to rally. Thus, we think quality growth stocks, Core Molding (CMT), Civeo (CVEO), and Genuine Parts (GPC), could be worth buying…

StockNews.com

Eurozone inflation hits record 8.9% despite better-than-expected growth

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia's war in Ukraine, but the economy still managed better-than-expected, if meager, growth in the second quarter.

France 24

Dogecoin Daily: Price Intact Despite Talk Of Recession, What Co-Founder Has To Say

Dogecoin (CRYPTO: DOGE) traded 2.6% higher at $0.07 over 24 hours leading up to early Friday morning DOGE traded higher alongside other major coins as the global cryptocurrency market cap rose 4.2% to $1.1 trillion.

Benzinga

Inflation Hits Record 8.9% in 19 Countries Using the Euro

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices driven partly by Russia's war in Ukraine, but the economy still managed some meager growth. Annual inflation in the eurozone’s 19 countries rose to 8.9% in July, an increase…

Asharq Al-Awsat

Irish celebs not worried about looming recession - from Suzanne Jackson's boat to Vogue's many properties

Some Irish celebs are spending most of the summer in Portugal

Dublin Live

ExxonMobil and Chevron shatter profit records; eurozone inflation hits record 8.9% – business live

US oil companies post huge earnings, as sky-high fuel costs hit consumers and drive up inflation

The Guardian - UK

Recession? Here's What Analysts Expect For Bitcoin, Ethereum, Dogecoin

A rally in major coins remained intact on Thursday evening as the global cryptocurrency market cap rose 3.8% to $1.09 trillion at press time.

Benzinga

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Los Angeles Times

Here’s why the US economy shrinking in the 2nd quarter may not be so bad

WASHINGTON — In the most aggressive back-to-back interest rate increases since the early 1980s economic crisis, the Federal Reserve on Wednesday announced another hike of three-quarters of a percentage point and signaled more to come in its effort to beat back inflation despite the risk of a recession.

Fortune

4 stocks to buy that are worth the risk in a recession, according to a top portfolio manager at Nuveen

Nuveen CIO Saira Malik says investors need to focus on quality and resilience for their stock picks.

Reason

After 2 Consecutive Quarters of Negative Economic Growth, Is America in a Recession?

Most Americans believe so.

Evening Standard

America tips into unofficial recession as global markets hold breath

Second successive drop as growth retreats 0.9% in the three months to June

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The Guardian - US

Biden hails ‘most significant legislation to tackle climate crisis’ after Manchin says yes – as it happened

President lauds ‘huge step forward’ for his domestic agenda after deal between Manchin and congressional Democrats

Tribune News Service

US economy shrinks for a second quarter, fueling recession fears

The drumbeat of recession grew louder after the U.S. economy shrank for a second straight quarter, as decades-high inflation undercut consumer spending and Federal Reserve interest rate hikes stymied businesses and housing.

Investors Business Daily

U.S. Economy Tagged With Recession Label As GDP Falls Again; Dow Jones Rallies

The U.S. is in an unofficial recession, after GDP fell for again. Should you trust the recession label? What does it mean for the Dow Jones?

The Independent UK

Yellen insists US not in recession as economy shrank 0.9 per cent in second quarter

Two negative quarters meets the informal definition of recession but many economists disagree

The Guardian - US

When does a recession begin – and is the US in one now?

Question weighs on consumers, politicians and investors around the world as the Federal Reserve raises interest rates

Axios

U.S. economy shrinks for second straight quarter, igniting recession fears

It's not officially a recession yet, but the data shows the economy is on shakier footing as growth slows.

The Guardian - US

US economy shrinks in second quarter, signaling unofficial start of recession

The bad news will be a major blow for the Biden administration as it prepares for a tough midterm election season

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