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The Latest Breaking News from Inflation

Food insecurity hits hard in Kenya's urban and rural centres

Failed rains over two years, climate change, locust infestation, the Ukraine war and inflation are at the core of food insecurity in both the urban and rural centres of Kenya. The high cost of staple foods has made it difficult for Kenyans to eat their usual three meals a day,…

Radio France Internationale

Biden’s landmark climate and spending bill – what’s in it, and what got cut?

The Inflation Reduction Act is a far cry from Biden’s original ambition, but it nonetheless represents victory for the president

The Guardian - US

3 High-Yield Dividend Stocks for Income Investors

A strong July employment report might encourage the Fed to consider higher interest rate hikes despite expected moderate inflation for the month. So, the market volatility might increase further. Therefore, it could be wise to invest in high dividend-yielding stocks Natural Resource Partners (NRP), Sisecam Resources (SIRE), and Vodafone Group…

StockNews.com

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Senate Passes $740 Billion 'Inflation Reduction Act' That Will Probably Make Inflation Worse

Plus: Inside Trump's family separation policy, a Grammarly for government, and more...

Reason

Will the Democrats’ Inflation Reduction Act bring prices down? What the experts say

WASHINGTON — President Joe Biden and congressional Democrats are touting the “Inflation Reduction Act” as their big election year triumph, a major way of getting soaring prices to come down.

McClatchy Washington Bureau

Elon Musk Dares Twitter's Parag Agrawal, Climate Bill Scrapes Through, Fed Official Steps Up Hawkish Rhetoric And More: 5 Key Stories You May Have Missed From This Weekend

The weekend that went past had its fair share of action, with Washington lawmakers keeping companies and investors on tenterhooks regarding the Senate clearance of the climate bill before finally approving it. With earnings still on the radar and key inflation data due in the unfolding week, here's a recap…

Benzinga

What is The Inflation Reduction Act? Rishi Sunak to raise concerns with plan to Joe Biden

Everything you need to know about the Inflation Reduction Act

Evening Standard

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The ASX eyes important psychological mark as inflation data commands attention

The ASX200 posted its first weekly close above the psychologically important 7000 point level since May, analysts will be watching to see if stays there.

The New Daily

Bankers get inflation-busting pay rises while low-income workers see earnings collapse

Worst-off get 1% wage increase as City of London workers toast large bonuses and 10% hike in overall pay

The Independent UK

State pension could hit £10,000 a year for the first time ever in huge retirement boost

The state pension is set for a rise of £962 next year due to rising inflation - but a sea of rising costs mean pensioners may not be much better off in real terms

Daily Mirror

Liz Truss ally in car crash interview as he refuses 9 times to back cost-of-living handouts

The cost-of-living crisis is set to get worse with inflation currently at 9.4 per cent and expected to peak at 13 per cent.

Daily Record

Voters want government to get inflation under control before cutting tax, poll reveals

Results cast unfavourable shadow over plans of leadership contest frontrunner Liz Truss

The Independent UK

First Thing: Senate passes $739bn healthcare and climate bill

Inflation Reduction Act will reduce planet-heating emissions and lower prescription drug costs – and give Biden a crucial victory. Plus, meet Casper the ghostly octopus

The Guardian - UK

Sunak says Truss’s cost of living plan is ‘big bung’ to wealthy and large firms

Favouring tax cuts above support payments will leave those most in need out in cold, says ex-chancellor

The Guardian - UK

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Evening Standard

Democrats celebrate after sweeping US climate change bill passes Senate

If signed into law, the bill will allocate $369bn to schemes tackling climate change

WEKU

Senate delivers a major boost to Biden's agenda

In a statement after the Senate passed the roughly $700 billion bill, the president said "doing the important thing almost always" requires compromises.

WEKU

Poll: Black, Native American and Latino families face serious problems from inflation

Those households are struggling to stay afloat, according to a new poll from NPR, the Robert Wood Johnson Foundation and the Harvard T.H. Chan School of Public Health.

Los Angeles Times

Disneyland has been raising food prices. Blame inflation

ANAHEIM, Calif. — Even within the walls of the Happiest Place on Earth, there's no escaping inflation.

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The Independent UK

Sunak and Truss in new clash over cost-of-living crisis

Former chancellor said his rival’s plans for tax cuts are a ‘big bung’ for large businesses and the better off.

Asharq Al-Awsat

Japan Tech Giant Softbank Posts $23 Billion Quarterly Loss

Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank Group Corp.’s loss of 3.16 trillion yen was a reversal from its 762 billion yen profit in the same quarter…

Tribune News Service

The US climate bill could make now the best time to go solar

If signed into law as written, the climate bill before the U.S. Congress would change the calculus for American households thinking about going solar. The legislation stands to make that transition more affordable while also subsidizing purchases of electric cars, heat pumps, high-tech water heaters and battery-storage systems — clean-energy…

Tribune News Service

COUNTERPOINT: Manchin disappoints with Inflation Reduction Act

Throughout Joe Biden’s presidency, Sen. Joe Manchin, D-W.Va., has acted as a check on his party’s worst excesses. Manchin has stopped billions, possibly trillions, in unaffordable government spending. He trimmed bills into a reasonable state and was the key voice bringing the Biden infrastructure bill from $715 billion down to…

Tribune News Service

Commentary: The new climate bill’s ripple effect on oceans

The Inflation Reduction Act (IRA), announced in late July by Sens. Chuck Schumer, D-N.Y., and Joe Manchin, D-W.Va., includes $369 billion in tax incentives to boost wind, solar and other clean energy. Although a step in the right direction, the bill will not by itself be enough to keep global…

The Independent UK

Japan tech giant SoftBank posts $23 billion quarterly loss

Japanese technology company SoftBank Group posted a $23 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates

The Independent UK

Asian stocks mixed after US job gain paves way for rate hike

Asian stock markets are mixed after strong U.S. jobs data cleared the way for more interest rate hikes and China reported Monday that its exports rose by double digits

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