BofA Securities says US recession imminent, advises booking profits as markets near peak

In a recent note, BofA Securities informed that Nifty has usually performed well — both ahead of and after a recession. However, it advised that with markets currently near their peaks, there is room for correction with the onset of a recession in the US.

Recession vs depression: Understanding the difference in economic downturns

A recession is a temporary decline in economic activity, marked by a decrease in GDP and an increase in unemployment rates whereas a depression is a more severe and prolonged version of a recession.

How will we know if the US economy is in a recession?

<ul><li>The list of obstacles the economy faces keeps growing. The Federal Reserve has raised its benchmark interest rate nine times in the past year to the highest level in 17 years, thereby elevating the cost of borrowing for consumers and businesses.</li></ul>

Crude oil prices drop 6% in two sessions; trading at 4-week low

Brent crude and WTI crude have retraced all the gains they made earlier this month, which came after an unexpected cut of over one million barrels per day announced by OPEC+, a group of major oil-producing nations led by Saudi Arabia.

Recession blues: GenZ can take these measures to fight it

In the midst of a recession, Gen Z can recession-proof their lives by saving money, increasing income, investing in themselves, building an emergency fund and avoiding panic, excessive debt, giving up on long-term goals, and neglecting self-care.

Oil falls as investors worry over recession fears

Brent crude fell 20 cents, or 0.2%, to $87.13 a barrel by 0352 GMT, while U.S. West Texas Intermediate slid 15 cents, or 0.2%, to $83.11.

From geopolitics to rate hikes, events that shaped the market performance in FY23

The Indian stock market finished FY23 on a decent note, when compared to their global peers, which have fallen between 5 and 10%. The Nifty 50 has lost just 0.60% in the last fiscal year, while the Sensex has gained moderately by 0.72%.

TCS stock slips to a 5-month low; drops 7.3% in last eight trading days

The underperformance of the stock has been attributed to a range of factors, including fears of a global recession sparked by the fall of major banks in the United States and Europe. Indian IT companies rely heavily on these two markets, which make up more than 60% of their revenues.

Is a recession coming? Here's what a look at history indicates

Centrum Broking, in its recent report, has analysed each of the recession periods of the past, to understand if there is a visible pattern that may precede a recession.

Should we invest in debt funds or gold to allay the recession effect? 5 analysts say this

Many investors are gradually losing their interest in the stock market due to constant turmoil. Now they are deciding between debt funds and gold investments but are still apprehensive about which to prefer. 

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BofA Securities says US recession imminent, advises booking profits as markets near peak

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