The Latest Breaking News from Recession

The European Central Bank is ready to join the U.S. Federal Reserve and the Bank of England in a global rush to raise interest rates and put a lid on galloping inflation

The Foreign Secretary denied her proposed tax cuts of around £30 billion would worsen the cost-of-living crisis by fuelling inflation

The move marks the end of an era of low interest rates and steady growth

In ultra-resilient London property hotspots like Kingston, prices are likely to stay high whatever the economic weather

With recession fears mounting — and inflation, the war in Ukraine and the lingering pandemic taking a toll — many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and even starting layoffs.

Concerns over the Federal Reserve’s aggressive interest rate hikes to combat rising inflation and growing recession risks are expected to keep the stock market under tremendous pressure in the near term. To navigate a volatile market, reliable blue-chip stocks BASF (BASFY), Barclays (BCS), The Hershey (HSY), and Marathon Petroleum (MPC)…

As concerns over persisting macroeconomic headwinds and an upcoming recession are causing immense volatility in the stock market, better-than-expected earnings results and resilient consumer spending are restoring investors’ confidence. Therefore, shares of growth-focused companies Hugo Boss (BOSSY), DLH Holdings (DLHC), Genuine Parts (GPC), Valhi (VHI), and Merck & Co. (MRK)…

Sky-high inflation and the Fed’s aggressive stance to fight it have led to rising recession odds. As a result, consumer spending on leisure and entertainment is expected to be affected. Hence, leisure stocks Hyatt Hotels (H), Royal Caribbean Cruises (RCL), fuboTV (FUBO), and Roblox (RBLX) might be best avoided now,…

The Fed has indicated a 75 basis-point interest rate hike in its next meeting, increasing the odds of the economy tipping into a recession in the next 12 months. Given the deteriorating market sentiments, it could be wise to avoid beaten-down stocks The Walt Disney (DIS), Teladoc Health (TDOC), and…

Tanaiste Leo Varadkar said the cost-of-living squeeze will “feel like a recession” for people who don’t receive a pay rise

Italian luxury goods group Armani posted a 20% increase in sales at constant currencies in the first half, after swinging to an operating profit in 2021 as revenues returned above pre-pandemic levels in the second part of the year. Revenues "now constantly exceed the levels achieved in 2019, thus setting…