The Latest Breaking News from Recession

Rise from 2.25% to 3% had been widely expected and is biggest since 1980s

"We are in pretty good shape. Recession predicted. Those things will collide.”

Another huge harbinger of an impending recession is happening in the commercial real estate leased to small businesses. According to an October analysis from the Alignable Research Center, small-business owners are not paying their rent — in droves. 

Mortgage rates continue to jump, home sales slump and credit cards and auto loans increase

The firm said vacancy rates for warehousing fell to near-historic lows, as businesses scrambled for extra storage space to hold their swelling inventory levels after a drop-off in consumer demand

Although the fourth quarter is a historically strong period for the markets, Omega Advisors chairman and CEO Leon Cooperman remained wary. 

A portfolio consisting of 60% stocks and 40% bonds had a golden age from the 1980s — until recently.The combination offers investors risk-adjusted returns that are frequently on par with, or greater to, those of the benchmark SP 500 Index.The 60/40 portfolio faced significant challenges this year due to ongoing…

As the Fed battles sky-high inflation with aggressive rate hikes, the market is fuming with recessionary concerns. Moreover, consumer confidence has been declining amid the slowdown in the global economy. Thus, it could be wise to steer clear of fundamentally weak stocks Marvell Technology (MRVL) and ContextLogic (WISH). Read more.

Factory output likely to fall further as consumers’ real incomes are hit by inflation, economists say