Page 2 Recession: Latest News and Updates, Top Stories, Videos, Photos About Recession

Oil Prices Rise As Recession Fears Begin To Recede

Prices of oil witnessed marginal surge in early Asian trade on Monday as apprehensions of recession in the US, which pushed prices down for three straight weeks for the first time since November, began to recede, according to a Reuters report.{image-crudeoil1-1586747782-1637033368.jpg ...

Default Threat Speculation: Wall Street Wakes Up To Default Threat On Debt

It has been months since Wall Street speculated about the government defaulting on its debt. Slowly now all are eyes are on it as the date to raise the nation's $31.4 trillion debt ceiling looms with no deal in sight, draws ...

Recession Will Hit A Third Of The World In 2023: IMF

A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the U.S., EU and China will see their economies slow down, according to ...

Cryptocurrency: Bitcoin Again Slips Below US$ 19,440, Ether At US$ 1,328

Today, on October 8, Bitcoin again fell to around US$ 19,440, a day-low. The largest cryptocurrency was quoted at US$ 19,507.90, at the time of writing. Yesterday, Bitcoin closed at US$ 19,531.50. After the US Labour Department recently published its non-farm ...

US Jobs Data Improves: Gold Falls Sharply To US$ 1,698, US Bond Yield Gains

The US Labour Department reported that the country hired more workers than expected in September. The US unemployment rate has dropped to 3.5% from 3.7% the previous month. This is indicating a tight labour market that keeps the Federal Reserve on ...

Cryptocurrency Rallies: Bitcoin Revives To US$ 19,172, Amid Spurring US Dollar

The cryptocurrency market revives today marginally, amid a spurring US Dollar index, following the possible recession concern. Today, on September 26, at 6.14 pm UTC, Bitcoin gained by 1.95% intra day, and was quoted at US$ 19,172.60. Yesterday, Bitcoin fell sharply ...

Comex Gold Rate Falls To A Low Of US$ 1,628/oz, US Dollar At Peak: Possible Recession Concerns?

The last few interest rate hikes by the US Federal Reserve have bottomed gold prices globally. Investors are worried that the yellow metal is losing its significance as a safe haven, as the US dollar is gaining strength consistently. With the ...

US Dollar Soars Fresh 20Yr High At 114.53, Recession Fear Spurs: Asian Peers Down

Monday, the US Dollar index is soaring to a fresh 20-year high, as recession fears weighed in the US. Reaching a new high, US Dollar hit 114.53 today, pulling the major Asian peers down. Indian Rupee fell past 81.50, while the ...

Fed to Likely Adhere To 75 Bps Rate Hike In Its July 26-27 Meet

The US Fed in its impending meet in July next week shall likely be taking a 75 basis point rate hike as against a call for an even larger hike. This is as there is a probability of 40% that recession ...

Brent holds above $100 amid struggle between supply, recession worries

Oil prices were steady on Thursday after steep losses in the previous two sessions, as investors returned their focus to tight supply even as fears of a global recession persisted, according to a report in Reuters. Brent crude futures rose ...

Double Digit Inflation, Possible Recession Risk Hit UK Economy

Economy of Britain has been witnessing the strain of two major risks in the form of double-digit inflation and a possible recession causing dilemma for Bank of England (BoE) about how far it should increase interest rates, according to a Reuters ...

Here Is How Copper Prices Could Predict An Impending Economic Downturn

The metal copper possesses strong ability to forecast the turning points in an economic cycles and assess the entire health of the world economy and because of this unique ability it has earned the nickname of "Dr Copper" among insiders in ...

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