The Latest Breaking News from Recession

Britain’s top four high street lenders have set aside towards £2.5 billion this week to deal with bad debts, a clear sign that the bankers are preparing for a recession.

Retail sales rose last month, with consumers showing resilience. However, the persistently high inflation and growing recession concerns are prompting consumers to cut back on discretionary spending. While investors looking for retail investments could consider buying Dillard’s (DDS) and Movado (MOV), we think Gap (GPS) and RealReal (REAL) might be…

The U.S. Bureau of Economic Analysis reports that GDP grew 0.6 percent in the third quarter of 2022.

Payments major Visa (V) delivered strong earnings in the last quarter, but the company’s outlook for fiscal 2023 appeared unreasonable to many analysts. So, will it be wise to buy the stock for the fourth quarter? Read on to learn our view….

ECB chief Christine Lagarde notes concerns but warns of further hikes to tackle soaring eurozone inflation

FRANKFURT: The European Central Bank announced another jumbo interest rate hike on Thursday and said further increases would follow to combat soaring inflation, even as its president, Christine Lagarde, warned a eurozone recession was looming.

Gloomy earning guidance halted the S&P 500’s three-day winning streak. Moreover, a recession seems apparent as the U.S. economy battles sky-high inflation, aggressive rate hikes, and geopolitical headwinds. With the bear market not over yet, we think fundamentally strong stocks Walmart (WMT), Cisco Systems (CSCO), and Vertex Pharmaceuticals (VRTX) might…

The move risks further crushing the euro-area economy, which is already feared to be on the brink of a recession.

City Voices: Withdrawal of government support will hit business hard