The Latest Breaking News from Recession

Tech-heavy Nasdaq falls 13% over April and is now in a bear market

The tech-heavy index fell 4.2%, concluding its worst month since October 2008

Increased Covid-19 cases, declines in exports and the end of cash payments to individuals all contributed to the decline

The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4% annual rate, yet consumers and businesses kept spending in a sign of underlying resilience

The Federal Reserve could raise interest rates to 3.5% by the middle of next year to curb spiralling inflation, tipping the world economy into a recession, according to the Economic Strategy Unit of Tisco Financial Group (Tisco ESU).

Cadence Design Systems, Inc (NASDAQ:CDNS) impressed analysts post Q1 beat. Baird reiterated Outperform rating on Cadence, adjudging it as a top idea.  All business groups saw strength, with recurring revenues increasing 19% YoY (led by Digital and System Design) and upfront revenues rising 49% YoY.  FY22 outlook raised given 1Q strength, upside in 2Q,…

In spring two years ago, the coronavirus pandemic threw the U.S. economy into recession. Last spring, the proliferation of vaccines swung it into a rapid expansion.

High inflation comes with a heavy economic price, but so can the Federal Reserve’s attempts to get it under control.

The major stock market indices slid last week on unabated investor concerns over the potential for a recession caused by high inflation and surging energy prices. Amid this scenario, we think investors could buy the recent price dips in fundamentally sound stocks FedEx Corporation (FDX) and SAP SE (SAP) for…