Recession
Stay current with all the latest and breaking news from Recession, compare headlines and perspectives between news sources on stories happening today. In total, 4,688 stories have been published about Recession which Ground News has aggregated in the past 3 months.Stay current with all the latest and breaking news from Recession, compare headlines and perspectives between news sources on stories happening today. In total, 4,688 stories have been published about Recession which Ground News has aggregated in the past 3 months.
Top Recession News
US & CanadaThe Dow Jones Industrial Average fell 1.1%, becoming the last of the major U.S. stock indexes to fall into what's known as a bear market. The S&P 500 closed 1% lower and the Nasdaq dropped 0.6%. The British pound dropped to an all-time low against the dollar and investors continued to dump British government bonds.See the Story
Stocks fall on recession fears; Dow slips into bear market
63% Center coverage: 27 sources
BusinessDr. Susan Collins is the first Black woman to lead one of the Federal Reserve's regional banks. She told the Greater Boston Chamber of Commerce that the central bank has little power over factors on the supply side of the equation that are leading to the persistently high inflation. But the Fed can raise interest rates to slow down the demand side.See the Story
Boston Fed's Collins says 'modest slowdown' is possible
58% Center coverage: 12 sources
Business · New YorkOil prices fell again today on fears of lower fuel demand from a possible global recession sparked by rising interest rates, with further price pressure coming from a surging US dollar.See the Story
Oil prices fall again on recession fears
50% Right coverage: 8 sources
Latest News Stories
US & Canada · FranceFinance Minister Bruno Le Maire said inflation in France is expected to reach 6% in the coming months. The French government issued this month a 16 billion-euro ($16 billion) plan to cap gas and electricity price rises in France at 15% next year. The cost of the measure is partially paid for by compulsory financial contributions from energy producers.See the Story
France forecasts weak growth next year amid energy crisis
67% Center coverage: 6 sources
Oceania · AustraliaAustralia's economy is expected to defy dire forecasts about stalling global growth and soaring inflation, but mortgage owners are in for much more pain.
Sky News Senior Political Reporter says the OECD has “painted a pretty dire and bleak economic picture for the globe” but Australia is still "faring okay by comparison".
"Two per cent growth predicted for the Australian economy next year, down by 0.5 per cent," she said.See the Story
Australia forecast to avoid recession
Recession · United StatesWith shipping prices falling at record rates, the number of container ships waiting offshore at the Port of Los Angeles–Long Beach has fallen to fewer than 10 from more than 100 in January. The risk of a global recession is rising, according to analysis from experts.
According to Nomura Research Institute, in the first week of September, shipping a container from Shanghai, China, to the U.S. West Coast cost $3,959, down 23 percent from the previ…See the Story
Freight Rates on US–China Routes Plunge Amid Rising Risk of Global Recession
100% Right coverage: 1 sources
RecessionMarket Wrap: Bitcoin Pushes Higher as Traditional Markets Decline CoinDeskSee the Story
Market Wrap: Bitcoin Pushes Higher as Traditional Markets Decline – CoinDesk
100% Center coverage: 1 sources
RecessionAbout half (51 percent) of IT departments are planning to increase their IT budgets in 2023, compared with a prior-year's sampling, despite concerns about a general economic recession, per a newly published annual report.See the Story
IT Budgets Expected To Increase Next Year, but IT Hiring May Decline -- Redmondmag.com
School Shooting · PortoData revealed under the Listening Service, created in November 2021 to welcome, listen to and help potential victims of sexual abuse at the works of the Society of Jesus and where two complaints arrived made it possible to discover, “with a high degree of probability”, the occurrence of cases of sexual abuse of minors.See the Story
Sexual abuse among Jesuits, BE's proposal for student housing, and other TSF highlights
Recession · ClaytonMohamed El-Erian: The Fed is in a deep hole, much of its own making. The possibility of a soft landing has given way to the uncomfortably-high risk that the Fed will tip the economy into recession. The alternative of pivoting away from rate hikes is not a good one, as it risks persistence of stagflation.See the Story
Economist El-Erian Sees Strong Chance for Recession
100% Right coverage: 1 sources
