The Latest Breaking News from Recession

NEW YORK: Elon Musk said that the US economy was "probably" in a recession -- a judgment at odds with economists and available data -- and cautioned companies to watch costs and cash flows.

Mining and energy companies propped up the Australian share market on Tuesday, though worries about a global economic slowdown and aggressive interest rate hikes kept sentiment in check.

As Bank of England governor Andrew Bailey prepares to go before the Treasury Select Committee to discuss whether the UK is about to dip into a recession, economists have forecast the cost of living to hit another high this week

Asian shares are trading mixed, as investors eye surging energy costs and prospects for interest rate hikes in the U.S. and elsewhere

Inflation is set to jump to 9% this week when official figures are released, and fears of a slump are growing

Surging inflation and the probability the Federal Reserve will tighten its monetary policy further have driven a massive market sell-off lately. Amid ongoing geopolitical tensions and intensifying supply chain disruptions, investors fear that rising interest rates could push the economy into a recession. Therefore, we think it could be wise…

U.S. GDP dropped 1.4% in the first quarter of 2022, and the SPDR S&P 500 ETF Trust (ARCA: SPY) is down 16.3% year-to-date as investors become increasingly concerned about the possibility of a U.S. recession in 2022.

Katie Koch, the chief investment officer for public equities at Goldman Sachs Asset Management (GSAM), quips that “Beyoncé is ultimately recession-resistant,” and so are other popular artists.  That’s why the portfolios she helps oversee own shares of live-concert companies in the US and Europe. 

Arsenal is the only one of the top six in a position to withstand recession, a study claims