The Latest Breaking News from Recession

President Joe Biden will sign a bill Friday to avert a freight rail strike that he said could have plunged the U.S. into recession

The figures are the latest signal of a roaring labor market that continues to defy fears of a recession.

In preparation for a recession, 67% of companies surveyed by Twilio are prioritizing keeping current customers over acquiring new ones.

Union members working on England’s roads have announced 12 days of strike action over Christmas and the new year, while US added 263,000 jobs in November

Shares have retreated in Asia after a mixed day on Wall Street

The unexpected oil crisis emerging from the oil embargo against Russia, the world’s second largest crude oil exporter, has piled pressure on energy prices, supply shortages, and economic recession worldwide. The renewable energy benefits are currently absorbed beyond their actual purposes to build growth of clean energy for a sustainable…

Amid high prices and aggressive rate hikes, consumer confidence has declined for November. Moreover, several banks expect volatile economic conditions for 2023. Also, a recession hitting the U.S. economy seems likely in the coming year. Therefore, investors might avoid fundamentally weak stocks Carvana (CVNA), Opendoor Technologies (OPEN), and Skillz (SKLZ).…

While the debate over working from home rages on, a recession may force employers' hands.

The cryptocurrency market has been hard hit this year, with rising interest rates and recession fears making investors stay away from highly risky assets. While the Fed is expected to slow interest rate hikes, given the lingering recession concerns, it could be wise to avoid struggling crypto-exposed stocks Coinbase Global…

A key gauge of U.S. consumer prices posted the second-smallest increase this year while spending accelerated, offering hope that the Federal Reserve’s interest-rate hikes are cooling inflation without sparking a recession.

The Fed Chairman recently indicated a slower pace of rate increases. However, many analysts still believe the economy will face a mild recession next year. Therefore, it could be wise to invest in quality stocks with solid growth prospects, such as AbbVie (ABBV), Bristol-Myers Squibb (BMY), and Lifeway Foods (LWAY).…