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The Latest Breaking News from Inflation

‘Unprecedented numbers’ of pensioners could die this winter without more help for energy bills, charity warns

Age UK urges Liz Truss and Rishi Sunak to commit to emergency support and pensions triple lock

The Independent UK

Biggest jump in cost of living in decades expected with latest inflation figures

Consumer Prices Index inflation will likely reach 9.8%, according to an average of analysts’ estimates.

The Independent UK

Summer retail sales suffer as inflation wipes out growth

Trade association calls for government help ahead of a hard winter ahead

Insider UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Biden signs climate, drug prices bill into law, another legislative triumph in a moment of democratic peril

WASHINGTON — At a moment when American democracy looks increasingly vulnerable, President Joe Biden and Democrats pointed to their third landmark bill as evidence that American government is working once again.

Los Angeles Times

3 Retail Stocks to Watch as Inflation Pressures Ease

With energy prices retreating from their peaks, the consumer price index increased 8.5% year-over-year in July, lower than the 40-year high in June. With slightly eased inflationary pressure and a red-hot job market, a resurgence in discretionary spending is expected in the months ahead. Given this backdrop, we think fundamentally…

StockNews.com

3 Safe and Cheap Dividend Stocks to Buy Right Now

Inflation slightly slowed from the 40-year high in July, but it still remains elevated. Therefore, the stock market is expected to remain under pressure, with the Fed potentially maintaining its hawkish stance to bring prices down. Moreover, the geopolitical tensions are adding to investors’ concerns. Given this backdrop, it could…

StockNews.com

Biden signs sweeping climate, health care, tax bill into law

The legislation has been a year in the making, with tense negotiations leading to a narrower spending package that focuses on climate investments and health care costs.

WEKU

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‘Joe, I never had a doubt’: Biden gives credit to Manchin for major bill’s success

US president acknowledges Democratic senator’s efforts after months of negotiations

The Independent UK

Bargain Hunting? 2 Discounted Stocks to Buy Now

Elevated inflation and the Fed’s hawkish stance will likely keep the market volatile in the near term. Therefore, it could be wise to invest in fundamentally sound stocks Micron Technology (MU) and AstroNova (ALOT), which are trading at discounts to their peers. Let’s discuss.

StockNews.com

Biden signs climate, drug costs bill into law, a legislative triumph in a moment of democratic peril

WASHINGTON — At a moment when American democracy looks increasingly vulnerable, President Joe Biden and Democrats pointed to their third landmark bill, a capstone on two years of significant legislative progress, as evidence that American government is working once again.

Los Angeles Times

Biden signs Democrats' $740 billion tax, climate and health care bill into law

The Inflation Reduction Act includes provisions that increase taxes on large corporations and lower prescription drug costs.

Axios

Biden signs $740bn health, climate, tax ‘Inflation Reduction Act’

The sweeping legislation includes the largest investment to fight climate change in US history.

Al Jazeera

‘Biggest step forward on climate ever’: Biden signs Democrats’ landmark bill

Party leaders hope approval of Inflation Reduction Act will boost their prospects in the midterm elections this November

The Guardian - US

Biden signs Inflation Reduction Act into law: ‘The American people won’

The climate, health care and tax law caps a remarkable string of legislative wins for the Biden administration

The Independent UK

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StockNews.com

3 Passive Income Stocks That Could Help You Retire Early

The stock market has been rallying lately with the decline in inflation in July from the multi-decade high level and robust economic data. However, with inflation remaining elevated and the rising geopolitical issues, the market could witness volatility in the months ahead. Therefore, it could be wise to invest in…

StockNews.com

2 Food Stocks That’ll Leave Bad Tastes in Your Mouth

Food manufacturers are struggling to keep up with the fast-paced inflation. Furthermore, high oil prices, labor shortages, and supply chain issues are significant headwinds for the industry. Additionally, the geopolitical situation has been worsening the global food crisis. Hence, we think food stocks Beyond Meat (BYND) and Utz Brands (UTZ)…

USAFacts

How will the Inflation Reduction Act change the IRS?

The Inflation Reduction Act would double the number of employees and expand the auditing capacity of the IRS.

Chronicle Live

How much will train fares rise? What we know as major rail announcement comes on Wednesday

Although rail fares are set to increase, it reportedly won't be by the 13% margin expected

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StockNews.com

3 Dividend Stocks That Could Pay You for Life

Although inflation seems to be cooling down, it is far from the Fed’s target level. And the central bank is expected to continue its interest rate hikes, further slowing down the economy. In these uncertain times, dividend stocks Coca-Cola (KO), Kimberly-Clark (KMB), and Caterpillar (CAT) might be ideal investments to…

The Independent UK

Here’s what is included in the monster climate and tax deal passed by Democrats

Tons of money for renewable energy, lease sales for drilling in Alaska and the Gulf of Mexico and prescription drug pricing

AAP

Wages grow 2.6pct in June quarter: ABS

Workers saw a 2.6 per cent pay rise last quarter, according to the Australian Bureau of Statistics, although soaring inflation continues to outpace growth.

The Conversation

What William Ruto's presidency would mean for Kenya's economy

William Ruto has been declared the winner of Kenya’s 2022 presidential election. The close results have been queried, raising the risk of a prolonged political transition. But, if cleared, Ruto is set to inherit an economy that’s not in great shape. For example, unemployment is running high, a fact that…

StockNews.com

5 Income Stocks to Turn to When Times Are Tough

The S&P 500 is coming off its four-week win streak amid signals of cooling price increases. However, inflation is still running hot near a 40-year high, which might induce the Fed to continue its policy rate hikes. We think income stocks AbbVie (ABBV), Amgen (AMGN), Pfizer (PFE), Bristol-Myers Squibb (BMY),…

Belfast Live

NI schools face further strikes in new term as teaching union ballots on industrial action

Teachers are demanding a rise in pay that is in keeping with inflation and reflects their contribution to society

StockNews.com

3 Blue-Chip Stocks That'll Help Your Portfolio Survive

Thanks to better-than-expected corporate earnings and the expectation that inflation will cool off, the stock market rebounded from the lows in the year's first half. However, inflation remains elevated, so the Fed is expected to continue its aggressive interest rate hikes. Given this backdrop, investors could cushion their portfolios by…

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