No, it is not good way of SEO, Because Google updates its penguin algorithm for duplicate content. Every product and services have different unique feature so you can define it easily in few words in the title section.
use title names according to your news or post bcoz search engines specially google loves unique content and it really has impact. Search engine reads title and then search- match- show to visitor
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My question is if i use the same post title for every post(say "recent news") will this have an effect on search engines finding my post? Do posts title have a huge impact on SEO? Please only answer if you know.