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The Latest Breaking News from Inflation

Browns rank near the top of ticket price inflation over the last 15 years

The cost of an average Browns ticket at FirstEnergy Stadium has gone up over 100 percent since 2006

USA Today Sports Media Group

Congress questions Finance Minister’s interest in tackling inflation

Nirmala Sitharaman had tweeted pictures taken by NASA’s James Webb telescope

The Hindu

3 Stocks to Grab Before They Potentially Turn Around

Concerns over red-hot inflation and the Fed’s hawkish stance is raising the possibility of a recession. However, BofA believes the ongoing bear market provides attractive opportunities for long-term investors. So, we think it could be wise to invest in Zoom Video (ZM), Teva Pharmaceutical (TEVA), and Trulieve Cannabis (TCNNF) which…

StockNews.com

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U.S. Stocks Are Trading Lower As Inflation Rate Accelerates To This Level

U.S. stocks traded lower this morning following the release of inflation data for June.

Benzinga

Inflation Hits 9.1 Percent, Highest Level in 41 Years

Inflation picked up speed in June, rather than slowing.

Reason

Q2 Earnings Season: Energy Likely Limited Downside; Here Are The Leading And Lagging S&P 500 Sectors

The second-quarter reporting season is upon us, and the second quarter has been a tricky one for companies to navigate. COVID lockdowns in China – a nation often called the "world's factory," the war in Ukraine and skyrocketing inflation served as recipes for a looming disaster.

Benzinga

Citi Downgrades Six Flags From Buy to Neutral. Should You Buy the Dip?

Shares of Six Flags Entertainment (SIX) have plunged significantly in price after Citi recently downgraded its shares, citing falling attendance due to rising inflation. So, would it be worth buying its shares at the current price level? Let’s find out.

StockNews.com

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US inflation hits 40-year high

US inflation data soared past analyst expectations to hit 9.1% in June according to figures released by the US department of Labor Statistics.

Evening Standard

US inflation quickens to 9.1%, amping up Fed pressure to go big

U.S. inflation roared again to a fresh four-decade high last month, likely strengthening the Federal Reserve’s resolve to aggressively raise interest rates that risks upending the economic expansion.

Tribune News Service

US inflation quickens to 9.1%, amping up Fed pressure to go big

U.S. inflation accelerated in June by more than forecast, underscoring relentless price pressures that will keep the Federal Reserve on track for another big interest-rate hike later this month.

Tribune News Service

Biden in Israel as poll shows support for re-election bid at new low – as it happened

President’s approval ratings dip as US inflation hits 40-year high

The Guardian - US

Inflation hits 40-year high, with energy prices being the highest contributing factor

The numbers are the latest blow to President Joe Biden

The Independent UK

Scorching inflation hit 9.1% in June, highest since 1981

The price shock is tanking Americans' view of the economy.

Axios

Johnstons of Elgin reports 28% sales rise

Financial update warns of cost inflation headwinds due to filter through later this year

Insider UK

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StockNews.com

2 Strong Stocks That Have a High Chance of Beating the Market

Surging inflation, the Fed’s tighter monetary policy, and prospects of an economic downturn have caused massive sell-off in the stock market lately. Despite the ongoing market turbulence, CrowdStrike Holdings, Inc. (CRWD) and Tractor Supply Company (TSCO) possess enough fundamental strength to outperform. Read on to learn more….

StockNews.com

These 3 Stocks Continue to Win, Despite Higher Prices Due to Inflation

With inflation expected to have reached a new high in June, consumers saw the impacts on their spending as prices of gas, groceries, and household goods went up. However, amid this scenario, fundamentally sound grocery stocks Costco Wholesale (COST), Kroger (KR), and Casey's General (CASY) are poised to be resilient,…

Benzinga

U.S. Stock Futures Higher; All Eyes On Inflation Data

Pre-open movers

Reuters

German govt not doing enough to help poor homes with inflation, says charity

The German government should create a 5.4 billion-euro ($5.40 billion) emergency relief package to cushion the blow of rising living costs on low-income households, a study said on Wednesday.

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Wales Online

Shoppers warned as Aldi, Tesco, Morrisons, Tesco and Sainsbury's all raise the price of milk

Price increase above the rate of inflation

Asharq Al-Awsat

Sri Lanka: Timeline of a Crisis

Sri Lanka is mired in a deep political and economic crisis, and on Wednesday, the country's president flew out of the country days after a huge crowd of protesters stormed his residence. The island nation of 22 million people has suffered months of lengthy blackouts, acute food and fuel shortages…

Al Jazeera

What prompted euro’s loss of value and what’s its impact?

Experts identify two main reasons why the euro has lost value and the potential effects on the European Union.

WEKU

No retreat in the summer heat. Inflation blistering at 9.1% in June

Inflation hit a new, four-decade high of 9.1% last month, fueled in part by record high gasoline prices. Gas prices have since fallen, but overall inflation is still elevated.

The Guardian - UK

Surprise news of UK growth masks increasing pain from inflation

Analysis: May is only one month and there is likely to be a sharp contraction in June

Pedestrian.tv

Treasurer Jim Chalmers Says A Recession In Australia Is ‘Probable’ So WTF Does That Mean?

Economists predict a recession in Australia isn't near yet but it's being talked about as an increasing possibility. So what could it mean?

The Guardian - UK

US inflation hits new 40-year high; euro dips below dollar for first time since 2002 – as it happened

Stocks fall after US inflation jumps to 9.1%, as UK economy grows faster than expected by 0.5% in May

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