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The Latest Breaking News from Inflation

Biden administration plotting immigration reform in 2023 to help lower inflation

Top economic officials know that they need more immigrant workers.

Axios

South West bosses to target growth in 2023 as business confidence returns

Companies in the region are hopeful for success next year despite concerns remaining around inflation and the recession

Birmingham Post

2022 Investment Lessons Learned

“Those who do not learn from their past mistakes are doomed to repeat them”. We all appreciate the wisdom of this notion. And that is why I make it an annual tradition to discuss the key investing lessons learned from the past year. Both success and failures in the hopes…

StockNews.com

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read the most diverse news in one place.

1 Entertainment Stock to Watch Right Now and 2 to Avoid

The entertainment industry’s long-term outlook looks promising due to constant evolution in response to changing consumer consumption patterns, technological advancements, and new business practices. Hence, we think it could be wise to add AMC Networks (AMCX) to your watchlist. However, with the record-high inflation tempering discretionary consumer spending, fundamentally weak…

StockNews.com

Xiaomi to Slash 10% of Workforce Amid Declining Revenue

Chinese smartphone giant idles 3,500 as inflation and slowing economies depress global and domestic demand, leading to red ink

Caixin Global

Australia's economy recovered in 2022, will it crash in 2023?

Soaring inflation and aggressive central bank hikes were the theme of 2022, but will they continue with gusto in 2023? Here's what the experts think.

ABC News

The world’s top stock strategist says an 'earnings recession' is coming for markets—and it could be similar to what happened during the 2008 financial crisis

Corporate earnings are set to take a hit and Wall Street isn't properly anticipating it, Morgan Stanley's Mike Wilson warns. And when earnings fall, so will stocks.

Fortune

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Rishi Sunak refuses to budge on NHS pay as strikes continue

PM says rises could make inflation worse and states politicians should not ‘cut across’ independent pay review process

The Guardian - UK

'We can't pay for groceries with claps': Second NHS nursing strike sees key workers determined to fight for pay and safety

On picket lines in the North East, NHS nurses said they'd continue to fight for a fair pay rise.

Chronicle Live

Rishi Sunak refuses to bow to pressure over NHS pay as more strikes loom

The PM has insisted he will not reopen the independent pay review process

Evening Standard

Economists place 70% chance for US recession in 2023

Economists say there is a 7-in-10 likelihood that the U.S. economy will sink into a recession next year, slashing demand forecasts and trimming inflation projections in the wake of massive interest-rate hikes by the Federal Reserve.

Tribune News Service

Nurses’ action is part of UK’s biggest wave of strikes in a generation

NHS workers join others in seeking to protect living standards in the face of below-inflation pay offers

The Guardian - UK

In bad news for true loves, inflation is hitting the 12 Days of Christmas

Partridge prices were flat this year, but the cost of pear trees jumped more than 25%. PNC bank has run the numbers on all 12 days of Christmas, as it calculates its annual holiday price index.

WEKU

2 Overrated Stocks Investors Should Avoid in 2023

Despite the signs of inflation cooling down, the Fed will likely continue raising rates through next year, triggering a recession. Therefore, avoiding overrated stocks DoorDash (DASH) and Faraday Future Intelligent Electric (FFIE) could be wise. Read more….

StockNews.com

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The Independent UK

In a surprise move, Bank of Japan loosens bond yield cap

The Bank of Japan broadened caps for government bond yields, a surprise move that pushed bond yields higher globally and dinged Asian stocks

Birmingham Post

Henry Colbeck delivers 'exceptional' profit despite supply issues and price inflation

The chip shop supplier said higher turnover was largely down to more sales, not only higher prices

Salon

Hey, Democrats: No more "triangulation"!

After the 2022 midterms, the Bill Clinton strategy of constant rightward shift is bound for history's dustbin

Al Jazeera

UK nurses stage second strike for inflation-busting pay

Up to 100,000 members of the Royal College of Nursing demand better pay to make up for years of real-terms salary cuts.

Get all your
news in one place.

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WEKU

Britain is seeing a wave of strikes as nurses, postal workers and others walk out

Nurses, postal workers and railway employees are all walking out this month in the U.K.'s largest series of labor actions in more than a decade. It's a major challenge to Prime Minister Rishi Sunak.

Al Jazeera

Which European nations are handling the energy crisis best?

France, Spain, Germany, Italy and Greece are doing some things right, but face challenging times ahead, say experts.

The Independent UK

Strikes: Nurses’ union leader urges Government to ‘do the decent thing’

The RCN has asked for a 5% above-inflation pay rise but Health Secretary Steve Barclay has declined to discuss pay when meeting union officials.

The Guardian - AU

Reserve Bank warns of more interest rate rises and ‘large increases in rents’ amid inflation crisis

RBA’s final meeting minutes reveal concerns about higher spending over summer holidays without Covid restrictions

The Guardian - UK

Exodus of more than half a million from workforce ‘puts UK economy at risk’

Loss of employees since Covid raises fears of weaker growth and higher inflation, says Lords report

StockNews.com

3 Commodity Stocks to Add to Your Watchlist for 2023

Inflation continues to remain significantly higher than the Fed’s target. Commodity stocks tend to provide a hedge against inflation. Thus, quality commodity stocks Rio Tinto (RIO), Vale (VALE), and Mosaic Company (MOS) could be worth adding to your watchlist for 2023. Keep reading….

Asharq Al-Awsat

EU Countries Agree Gas Price Cap to Contain Energy Crisis

European Union energy ministers on Monday agreed a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis. The cap is the 27-country EU's latest attempt to lower gas prices that have pushed citizens'…

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