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The Latest Breaking News from Inflation

ASX rebounds slightly after investors buy the dip and employment rises, Westpac closes more branches

The ASX and Wall Street made modest gains in cautious trade after yesterday's share market rout. Westpac and CBA plan to close more bank branches.

ABC News

California Plows Ahead With Providing Free Money To Mitigate Inflation

The state's $9.5 billion Better for Families program will provide checks of up to $1,050 to state residents to stem the rising costs of living.

Reason

Tuesday's Market Bloodbath Hit The Top 10 Richest People Where It Hurts: Here's Who And How Much

A market sell-off on the heels of Consumer Price Index (CPI) inflation data Tuesday saw the broader U.S. markets post their worst day year-to-date in 2022. Here’s a look at how the market collapse impacted the wealth of the richest people in the world.

Benzinga

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read the most diverse news in one place.

3 Stocks Taking Big Hits From Recent Layoffs

With stubbornly high inflation, rising interest rates, and growing fears of a recession, several businesses have been slashing headcount remarkably to reduce costs and stay afloat. In addition to their weak fundamentals and dim growth prospects, the announcements of layoffs have also impacted the performance of Shopify (SHOP), Coinbase (COIN),…

StockNews.com

Australian jobless rate lifts to 3.5pct

The jobless rate grew to 3.5 per cent in August, lifting from the record low 3.4 per cent figure in July.

AAP

Snap, Twitter, and 1 Other Stock You Should Sell Right Now

The raging inflation and the Fed’s aggressive rate hikes has led advertisers to cut back on spending, which is, in turn affecting social media companies. With the Fed expected to launch another significant rate hike this month, we think investors should avoid Twitter (TWTR), Snap (SNAP), and Groupon (GRPN). Read…

StockNews.com

'Exhausted' University of Canberra staff to walk off the job

The University of Canberra union members have rejected a 3.5 per cent wage cap that they say would leave them worse off amid soaring inflation.

The Canberra Times

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5 Stocks to Sell Before Things Get Even Uglier

August’s CPI report revealed that inflation is far from being eased, enhancing the odds of another big Fed rate hike next week. With stubbornly high prices and tumbling market sentiment, it could be wise to sell fundamentally weak stocks Lucid Group (LCID), Plug Power (PLUG), AMC Entertainment (AMC), Peloton Interactive…

StockNews.com

Tax on the poor: On inflation

Inflation disproportionately affects the economically weaker sections

The Hindu

Opposition warns against RBA distractions

The federal opposition wants to see the Reserve Bank of Australia stick to its strengths and remain focused on containing inflation.

AAP

Canadians Can't 'Opt Out Of Inflation' With Bitcoin: Prime Minster Justin Trudeau Lashes Out At Opposition

A current world leader is attacking an opposing candidate for his views on Bitcoin and cryptocurrency. Here’s the latest on the world of Canadian politics and how cryptocurrency ideals could play a role in the 2025 prime minister election.

Benzinga

Poll: Pa. voters trust John Fetterman more than Mehmet Oz on key issues

PITTSBURGH — The good news for Republican Mehmet Oz in Pennsylvania’s U.S. Senate race is that voters in the state — according to a new poll — care most about economic issues, inflation and rising costs, which have been staples of the national GOP agenda ahead of a midterm election…

Tribune News Service

The housing problem is also the inflation problem

Shelter costs were the single most important category driving up so-called "core" inflation.

Axios

Why it's not anti-environmental to be in favour of economic growth

In the midst of today’s cost of living crisis, many people who are critical of the idea of economic growth see an opportunity. In their recent book The Future is Degrowth, for example, prominent advocates Matthias Schmelzer, Aaron Vansintjan and Andrea Vetter argue that the post-Covid inflation has predominantly been…

The Conversation

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The Conversation

Three ways companies change their products to hide inflation

Consumer price inflation in the UK slowed for the first time in nearly a year in August. A fall in petrol prices helped slow the overall rate but food prices continue to rise rapidly. But even with a slowdown to 9.9%, from 10.1% in July, inflation still remains close to…

Daily Mirror

Join us LIVE as experts explain what 9.9% inflation means for you - and what to do about it

Mirror business editor Graham Hiscott will be joined by Mirror Money reporter Sam Barker on September 15 at 1pm to run through everything you need to know about how to tackle soaring inflation

The Guardian - UK

Labour MPs warned about talking to media except for Queen tributes

But some MPs believe party should speak out about cost of living, inflation and arrests of protesters

The Times of India

Explained: What India needs to do to tame soaring inflation

NEW DELHI: Just when the world was gradually recuperating from the slowdowns caused by Covid-19 pandemic in the last 2 years, the war between Russia and Ukraine worsened matters.

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news in one place.

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The Conversation

How the UK energy crisis plan will affect bills and price inflation — an economist explains

A rapid rise in energy prices for households and businesses this year has led the UK government to outline its energy price guarantee plan, designed to ensure a typical household will pay no more than £2,500 annually for two years from October 1 2022. Businesses will have their energy costs…

Reason

As Inflation Soars, Biden Hosts Cringey Concert Celebrating the Inflation Reduction Act

James Taylor croons while the stock market burns after another ugly report on inflation.

The Independent UK

American billionaires ‘lose $93bn in a day’ as new inflation figures hit markets hard

“Unemployment is low. Jobs are up. Manufacturing is good. I think we’re going to be fine,” said President Joe Biden

Wales Online

Milk, cheese and eggs prices in UK supermarkets compared as food prices rise to 14-year high

Soaring milk, cheese and egg costs have pushed food inflation to its highest level for 14 years

Reason

Cops Fail To Protect Own Informant From Rape, Then Charge Her With a Drug Crime

Plus: The authoritarian convergence, inflation up and stocks down, and more...

The Times of India

Sensex, Nifty snap four-day rally; rate hike fears spook investors

MUMBAI: Sensex slid 224 points and Nifty shed 66 points in volatile trade on Wednesday as fears of high inflation and aggressive interest rate hikes halted the four-day rally in the domestic equities amid sluggish global cues.

Evening Standard

Martin Lewis donates almost £100,000 of his on money to a financial charity live on GMB

The money-saving expert urged viewers to part with energy bill rebates ‘if they don’t need it’

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