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The Latest Breaking News from Recession

Carl Icahn says ignore Thursday's rally, we aren't out of a bear market

Billionaire investor Carl Icahn reiterated warnings that a recession is coming and that he is keeping his portfolio at Icahn Enterprises hedged

Fortune

Six big money changes that will hit your wallet - from Autumn Statement to interest rates

We round up all six of the biggest financial announcements and changes expected over the next few months, including when interest rates and inflation will rise again and what to expect in the Autumn Statement

Daily Mirror

Kwasi Kwarteng blames Liz Truss for economic fallout as UK recession looms

FORMER chancellor Kwasi Kwarteng has claimed he told Liz Truss she was “going too fast” with the disastrous mini-Budget as it emerged the…

The National (Scotland)

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UK on brink of longest recession in history as Tories blamed for their 'disastrous economic record'

Labour and the SNP accused the Conservatives of leading the country through a decade of weak growth and inequality.

Daily Record

EU expects recession to hit Europe as inflation hangs on

The European Union’s executive commission slashed its forecast for economic growth next year

The Independent UK

Latest recession warning a 'damning indictment' of Tory governance

THE UK economy shrunk by 0.2 per cent between July and September, in what some experts say could be the start of the longest recession since record…

The National (Scotland)

Economy shrinks in what could be start of a long recession

Latest GDP figures show a 0.2% contraction between July and September

Insider UK

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BREAKING: UK economy shrinks by 0.2% in move feared to be start of major recession

GDP fell by 0.2% in the three months to September as services, production and construction industries all slowed down and cost-of-living pressures bite

Manchester Evening News

Recession – live: Hunt warns of ‘eye-watering’ decisions amid economic downturn

Chancellor warns of ‘tough road ahead’ as economy contracts by 0.2 per cent

The Independent UK

UK economy shrinks amid fears of longest recession since records began

Chancellor Jeremy Hunt says ‘tough rough ahead’ as he prepares to slash public spending

The Independent UK

FTSE 100 Live: UK on recession brink as GDP contracts, shares get US boost

GDP contracted by a smaller-than-expected 0.2% in the third quarter, a performance expected to mark the beginning of a UK recession.

Evening Standard

UK economy shrinks by 0.2% in move expected to be start of a major recession

GDP fell by 0.2% in the three months to September as services, production and construction industries all slowed down - and Jeremy Hunt warned of 'extremely difficult decisions' in the Autumn budget

Daily Mirror

Economy shrinks in what could be start of long recession

The reading comes just a week after the Bank of England published a caveated forecast that the UK might be headed for an eight-quarter recession – the longest consecutive recession since reliable records began in the 1920s

Wales Online

UK teetering on brink of recession Jeremy Hunt warns it will get even tougher

Recession on way as the big slowdown hits growth

Evening Standard

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The Guardian - UK

Jeremy Hunt warns of ‘tough road ahead’ as UK economy shrinks

GDP fall of 0.2% for three months to September gives bleak picture in run-up to autumn statement

The Guardian - UK

FTX files for US bankruptcy protection, CEO Bankman-Fried resigns – as it happened

Cryptocurrency exchange FTX starts bankruptcy proceedings in US and Sam Bankman-Fried is resigning as chief executive officer

Fortune

All the unpaid labor women did during the COVID recession might have saved us from an economic crisis

Unfortunately, it's also contributing to the gender wage gap.

Fortune

The kids are alright, but they're worried: Gen Z is working harder and saving more than any other generation

Gen Z is bracing for their first recession as adults in the workforce. Nearly 8 in 10 of them say they’re cutting back on their spending.

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StockNews.com

1 Stock Every Investor Should Buy at Least Once

The Fed’s fight against inflation has raised widespread recession concerns and caused a massive stock market sell-off. However, beverage giant Coca-Cola (KO) has demonstrated its resilience and is well-positioned to maintain a steady performance thanks to the inelastic demand for its products. Given the company’s defensive business model and reliable…

StockNews.com

Atkore is the Growth Stock of the Week

Atkore (ATKR) is one of the top GARP stocks in the market as it has a P/E of 4 and has grown its earnings by nearly 4 times over the last 2 years. Read on to find out why investors should take advantage of the recent dip in share prices.

Bangkok Post

Fetco says country likely to avoid a recession

The Federation of Thai Capital Market Organizations (Fetco) predicts that global and domestic inflation will begin to fall this year, while global interest rates will peak next year and start to decline in 2024.

Bangkok Post

Call for stimulus as slowdown looms

The Thai economy, which is struggling to recover from the impact of the pandemic and the Russia-Ukraine war, likely faces a new slowdown as a global recession is expected next year, says the Federation of Thai Industries (FTI).

StockNews.com

1 Stock to Buy That'll Help You Make It to the Other Side of a Bear Market

A recession next year could mean the markets would remain bearish. During a bear market, investors must look for stocks that will remain resilient due to their fundamentals and growth prospects. One such defensive stock is beverage giant Coca-Cola Company (KO). The company has not only managed to post solid…

Fortune

Nouriel Roubini says markets aren’t close to done falling in this bear market. Brace yourself for another 20% lurch.

“We might be closer to a period like we saw between 1973 and 1982, where stocks dropped and stayed very, very low for a long time,” Wall Street's "Dr. Doom" told Fortune.

StockNews.com

MRVL vs. AMKR: Which Chip Stock Is Better to Buy Now?

The chip industry is witnessing slowing demand amid recessionary concerns. However, its long-term prospects look bright with lucrative federal policies and wide usage across industries. Chip stocks Marvell Technology (MRVL) and Amkor Technology (AMKR) could benefit from the industry’s growth prospects. But which of these stocks is a better buy…

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Dipanjan BanchurSince

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