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The Latest Breaking News from Recession

The good news is the Australian economy is about to turn up. Here’s why

Right now things feel awful.

The Conversation

New Zealand exits recession, but economic troubles linger

GDP grows 0.2 percent in first quarter, buoyed by record immigration.

Al Jazeera

New Zealand exits recession but economic woes remain

New Zealand has posted both quarterly and annual GDP growth of 0.2 per cent, confirming an economy stuck in the doldrums.

AAP

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Households are hurting. Savings are weak. The future’s uncertain. Is a rate cut near?

While some like to suggest another hike is needed, the RBA is not so quick to dismiss the pain the economy is already feeling

The Guardian - AU

Stock market today: Asian stocks are mixed after Wall Street edges to more records

Asian stocks are mixed after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession

The Independent UK

3 Value Stocks to Buy for Bargain Hunters

Amid macroeconomic challenges like high inflation, recession threats, and global uncertainties, value stocks such as GSK (GSK), Expedia Group (EXPE), and Albertsons (ACI) offer promising opportunities for savvy bargain hunters. Read on.

StockNews.com

UK Economy Stagnates Heading Into General Election

Britain's economy stagnated in April after emerging from recession in the first quarter of the year, official data showed Wednesday ahead of the country's general election next month.

International Business Times

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Chalmers eyes soft landing amid budget criticism

The pressure on Australia's economy from higher interest rates justifies the decision not to deliver a "slash and burn" budget, Treasurer Jim Chalmers says.

AAP

How AI could roil the next economic crisis

A top policymaker warns AI might shift a garden variety recession into an economic disaster.

Axios

Australia is on the brink of recession. So why does the RBA think we are spending too much?

Are we in a recession? No. But cripes, we may as well be

The Guardian - AU

Fed president says that Americans have such a ‘visceral’ hatred of inflation that they’d rather have a recession than rising prices

"I have learned that the American people—and maybe people in Europe equally—really hate high inflation. I mean, really viscerally hate high inflation."

Fortune

More Stock Downside in the Near Term?

Stocks bounced back in May making new all time highs for the S&P 500 (SPY). That celebration didn’t last long as continued inflationary pressures have pushed back the starting date for the first Fed rate cut. With that stocks have fallen back in recent days. What does that mean for…

StockNews.com

Hidden recession? Mental illness costs the US a staggering $282B annually, shows new study

Research claims to be the first integration of economic modeling and psychiatric literature.

Fortune

Jamie Dimon says some private credit ratings 'shocked' him, evoking bad memories of mortgages before the Great Recession: 'There could be hell to pay'

“I've seen a couple of these deals that were rated by a rating agency and, I have to confess, it shocked me what they got rated,” the JPMorgan CEO said.

Fortune

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Golf Monthly

"I Don't Wish This On Us At All, But The Fastest Way To Drive Change And Grow Female Participation Is A Recession"

We caught up with Women's Golf Week founder Elisa Gaudet to hear about her success story and what the future holds

International Business Times UK

JPMorgan CEO Jamie Dimon on 'Hard Landing' and 'Stagflation' Fears as Inflation Worries US Fed

JPMorgan CEO Jamie Dimon thinks the odds of a recession are higher than people think despite markets reaching record highs and the consensus rooting for a sustained bull run.

Latin Times

Perception vs. reality: Poll reveals majority of U.S. citizens mistakenly feel the nation is in recession

Republicans and independent voters are more likely to believe this, the survey shows

The Independent UK

Where the inflation and national debt figures leave Sunak’s five priorities

Most of the Prime Minister’s five priorities had not been achieved by the end of last year.

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news in one place.

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The Guardian - US

Majority of Americans wrongly believe US is in recession – and most blame Biden

Exclusive Harris poll for the Guardian shows 55% believe economy is shrinking, in troubling sign for president’s re-election bid

International Business Times

IMF Cautions On Timing Of UK Rate Cut

The International Monetary Fund on Tuesday said the Bank of England should be mindful over when to start cutting interest rates or risk harming an economy recently out of recession.

Fortune

Ryanair boss Michael O'Leary getting 'recessionary feel' from Europe customers

The Ryanair CEO worries that consumer confidence might be lagging ahead of the crucial summer season, and he may have a point.

Fortune

Wall Street's biggest bear just turned bullish on stocks—but he warns ‘uncertainty’ still reigns

Morgan Stanley’s Mike Wilson previously called the $8 trillion market drop in 2022, due to a combination of “fire and ice.”

Evening Standard

'Finally a good news story for the UK' as GDP grows at fastest pace in more than two years

The City was basking in a rare glow of “genuinely strong” economic news today

The Guardian - UK

Latest GDP figures offer some better news – but boom-boom Britain it ain’t

While the government will seize on any crumbs of comfort it can find, the bigger picture on growth tells a different story

The Guardian - UK

Starmer claims Labour will ‘save taxpayers billions’ with new immigration policies – as it happened

Controversial new Labour MP Natalie Elphicke joins party leader in her Dover constituency as he delivers major speech on immigration

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