The Latest Breaking News from Recession

The Tory Chancellor's 2023 Budget comes six months after the economic chaos inflicted on the country by 49-day PM Liz Truss's disastrous mini-Budget

Chancellor pledges cash for businesses and parents, and says UK will avoid recession this year

The news came as Chancellor Jeremy Hunt began his spring Budget

Inflation will also flat line this year, the OBR forecasted

The Fed now faces a quandary: It must fight inflation while making sure that the remedy of rising rates doesn’t further undermine financial stability.

Following remarkable growth in recent years, the cannabis industry faced various legal and economic challenges, including overproduction amid high inflation, high taxes, and increased material costs impacting overall sales in 2022. The industry will likely remain under pressure amid concerns over rising inflation and a potential recession. Hence, it could…

Despite the Fed’s persistent rate hikes, the recently released job data came in strong. This has dashed investors’ hopes and optimism. Amid fears of recession looming, quality stocks UnitedHealth Group (UNH) and Walmart (WMT) might be solid buys now. Read on….

With the stock market expected to remain volatile due to persistent concerns about high inflation, interest rate hikes, and a recession, fundamentally strong dividend stocks Gilead Sciences (GILD) and Altria (MO) might be ideal choices to ensure a consistent income stream. Keep reading.

Regional banks “pose very significant challenges” for regulators, an FDIC board member wrote in 2019, long before Silicon Valley Bank’s failure.

Based in California and with about $US200 billion in assets, Silicon Valley Bank (SVB) was the 16th-largest in America, making it the biggest bank failure since the global financial crisis of 2008. The implications for financial markets and the global economy are big.

“The market is sending a consistent message today: It fears that a U.S. recession is about to start.”