Recession A recession is a period of reduced economic activity. It is typically defined as two consecutive quarters of negative economic growth, as measured by a country's gross domestic product (GDP). A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in consumer spending. While recessions can be difficult for individuals and businesses, they are a normal part of the business cycle and are often followed by periods of economic growth.
Recession looming? US stocks are likely to open down as markets take a breather from a recent rally that pushed the S&P 500 to a nine-month high … Read Full Story at source (may require registration)
The retail industry is fraught with increasing risks as the recession takes hold. Inflation erodes consumer disposable income levels. It hurts their buying power. Retail giants like Best Buy (BBY), Walmart (WMT), and Target (TGT) reported higher shrinkage, ...
Investors hoping to get a good readout on where the markets might be heading – switch off now, as Billionaire Paul Singer has some bad news for you. The founder of Elliott Management – a firm with around $56 billion in assets under management – says the US economy is staring at an “extraordinarily dangerous and confusing period.” On top of the challenging macro environment, Singer cites high valuations, the prospects of paltry returns in real estate and financial assets and the “significant chan