The Latest Breaking News from Recession

Contrary to other recent economic analysis the business consultancy EY forecasts 0.7% drop in GDP this year

EY said that while the recession might cut deeper than it thought earlier, it will not necessarily last longer than the previous forecast.

With inflation moderating and the Fed signaling to slow the pace of its rate hikes, the economy could likely avoid a recession and continue progressing toward a soft landing this year. Thus, fundamentally sound Nasdaq stocks Broadcom (AVGO), PepsiCo (PEP), and Cisco Systems (CSCO) could be wise investments to buy…

There was plenty in the December meeting board minutes to justify doing nothing on interests rates in February.

It's been all good economic news in recent weeks, but the former Treasury secretary warns the final stretch to fight inflation might be the hardest.

The grocery industry is likely to benefit from improved consumer sentiments. Moreover, the rising adoption of grocery e-commerce should boost the industry’s prospects. Also, given the inelastic demand for grocery products, fundamentally strong grocery store stocks Kroger (KR), Albertsons (ACI), Caseys (CASY), and Sprouts Farmers Market (SFM) might be solid…

NEW DELHI: The gloomy outlook for global economy in 2023 has pushed several tech firms and Wall Street titans to lay off staff across offices worldwide.

The end of last year was supposed to be an economic dud. It wasn’t. Instead, the American economy likely continued its rebound.

Although a strong labor market and moderating inflation rates are improving investor sentiments, the Fed’s hawkish stance has raised concerns about a recession. Against this backdrop, investors might buy and hold quality stocks trading under $20, Stellantis N.V. (STLA) and LSI Industries (LYTS). Read on….