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The Latest Breaking News from Recession

With recession looming Wells Fargo sees a small bank in Puerto Rico and two other ‘places to hide’ from stock market fall-out

As the S&P 500 fell 6.5% in five days a new Wells Fargo report says a couple regional banks, trust banks and an unusual play in Puerto Rico could withstand a full-blow recession

Fortune

Oil Prices Fall On US Recession And Weak Chinese Demand

Oil prices drop on US recession fears and China demand worries. Concerns over Israel-Hamas conflict escalation also weigh on market.

Top News

Powell faces a market mutiny if he doesn't make a September rate cut—Wall Street has 'locked in' timings after unemployment concerns

"The bottom line is that the weaker-than-expected July employment report led us to change our baseline expectation for the first Fed to September."

Fortune

Stocks Hammered After US Data Fans Recession Fears

A much-anticipated report Friday showed the US economy added just 114,000 jobs last month, well down from June and far fewer than expected, while the jobless rate rose to the highest level since October 2021.

Latin Times

Focus on Wall Street after FTSE 100 slides 2% amid Nikkei’s worst day since 1987

Wall Street braced for more selling as US recession fears grow

Evening Standard

Global selloff: Wall Street plunges, as FTSE 100 posts biggest fall in months – as it happened

US recession fears and unwinding yen ‘carry trade’ hits markets, wiping 12% off Japan’s Nikkei

The Guardian - UK

US recession fears 'nail in coffin' for RBA hike chance

Concerns about the state of the United States economy will add to the case for no change at an upcoming central bank interest rate meeting, economists say.

AAP

'Sea of red': worst day for ASX in more than four years

The Australian share market has suffered its biggest daily sell-off in more than four years, amid growing fears of a hard landing for the US economy.

AAP

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International Business Times

Asian Stocks Tank After US Data Fans Recession Fears

Tokyo led a plunge across Asian equities Monday, while the yen hit a six-month high after weak US jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.

Fortune

America may lose its economic exceptionalism because of the Fed, El-Erian warns

"This is the first time that I have a growth scare," said top economist Mohamed El-Erian.

Fortune

Despite the stock crash, the AI-fueled bubble will soon regain momentum, economist says

Capital Economics said a recession is unlikely and growth will even reaccelerate after a soft patch in the second half of this year.

The Guardian - UK

Fears of further market turmoil deepen after US economic data spooked investors

Analysts await key services sector metric to gauge US vulnerability to recession as stocks in Middle East fall amid regional tension

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Al Jazeera

Is the US headed for a recession?

The unexpected rise of US unemployment rate to a nearly three-year high has shaken the market and split economists.

The Independent UK

Unemployment rise spurs fears of slowdown, yet recession signals have been wrong — so far

A surprising rise in the unemployment rate last month has rattled financial markets and set off new worries about the threat of a recession — but it could also prove to be a false alarm

Kiplinger

Stock Market Today: Dow Sinks 611 Points on Rising Recession Fears

A weak July jobs report sent stocks tumbling on worries the Fed is behind the curve on rate cuts.

Fortune

This accurate recession indicator is flashing red, but the ‘Sahm rule’ creator says ‘this time really could be different’

“I am not concerned that, at this moment, we are in a recession,” Claudia Sahm told Fortune, adding that “no one should be in panic mode today, though it appears some might be.”

Reason

What's the Sahm Rule? Alarming Jobs Report Raises Recession Risk.

A key indicator has predicted every recession since 1970, and the alarm just sounded.

Kiplinger

Weak July Jobs Report Signals Steep September Rate Cut: What the Experts Are Saying

A marked slowdown in hiring and rising unemployment means the Fed might have to make steep cuts to interest rates soon.

Top News

Unemployment Rate Rises To 4.3% In June

Recent rise in unemployment rate raises concerns about recession, but positive economic indicators offer hope.

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