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The Latest Breaking News from Inflation

Disposable income hit for homeowners with fixed mortgage deals about to expire

High inflation and rising interest rates will add to the pressures on mortgage borrowers.

The Independent UK

Pressure builds on Biden to turn to executive action despite its limits and risks

WASHINGTON — He is facing high inflation, a potential recession and a domestic agenda languishing in the Senate. Last week the Supreme Court overturned Roe v. Wade, the landmark abortion ruling, and this week upended his climate plans. A looming midterm elections look dire for his party, and his base…

Los Angeles Times

Inflation in eurozone hits record 8.6% as Ukraine war continues

ECB plans first interest rate rise in 11 years as food prices increase and Putin’s invasion drives up energy costs

The Guardian - UK

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The economic trend that could hurt Democrats most in the midterms

Real per capita disposable income — the money consumers can spend after accounting for taxes and inflation — is dropping sharply.

Axios

Political Pulse / Price stability a long-unsolved conundrum for Japan

"Irrational exuberance" is a phrase widely used to warn about the risks of a bubble-like stock market.

The Japan News/Yomiuri

French airport workers strike for higher pay amid inflation

Flights from Charles de Gaulle Airport in Paris and other French airports are facing disruptions as workers hold a strike and protests to demand salary hikes to keep up with record inflation

The Independent UK

Teachers’ leaders say 5% rise for experienced staff is ‘unacceptable’

Unions say the move by education secretary Nadhim Zahawi will not be enough to stop strike action.

The Independent UK

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Why Kohl's Shares Are Plunging Today

Kohl's Corp (NYSE:KSS) has called off discussions to sell its business to Franchise Group Inc (NASDAQ:FRG), CNBC reported. The decision comes at a time when there is increased volatility in the stock market and the economy as the Federal Reserve seeks to hike interest rates to contain inflation. Related: Multiple Bidders, Key Executives Departure, Mixed…

Benzinga

The ten rule changes coming in July - including tax cut, sick pay update and more

From seeing a GP to claiming benefits, there are several incoming changes and updates Brits need to be aware of

Chronicle Live

Inflation in 19 countries using euro hits record 8.6%

Inflation in the 19 countries that use the euro currency hit a record 8.6% in June, pushed higher by a steeper strong increase in energy costs fueled partly by Russia’s war in Ukraine

The Independent UK

Fourth of July parties will cost more this year but you can save with a bit of math

Hosting a July 4th barbeque is 11 percent more expensive than last year, thanks to inflation. The prices of chicken wings, ground beef and beer have all skyrocketed. Still, there are ways to save.

WEKU

UK inflation: soaring petrol and energy costs forcing South West firms to hike prices

Businesses are experiencing a surge in costs across the board, affecting their ability to plan for the future

Birmingham Post

UK and US manufacturing slows; eurozone inflation hits 8.6%; petrol at new record – as it happened

Orders at UK factories fall for first time in 17 months, as prices accelerate at a record pace across the eurozone

The Guardian - UK

Ten rule changes in July include tax cut, new car law and an update on sick pay

Key dates this month will see your pay increase, Government handouts paid and new funeral arrangements

Wales Online

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The Independent UK

Asian shares mostly lower after pessimistic 'tankan' survey

Asian benchmarks are lower, echoing a decline on Wall Street, after a quarterly report by Japan’s central bank rekindled worries about the world’s third largest economy

Liverpool Echo

Ten money, tax and driving changes coming in July including National Insurance update

We explain everything you need to know about all the financial changes coming up in July

Asharq Al-Awsat

Apple Hikes Japan Price of iPhone by Nearly a 5th

Apple Inc has hiked by nearly a fifth the cost of its flagship iPhone phone in Japan, which is battling a weakening yen currency and rising inflation. The Cupertino, California-based manufacturer's entry level iPhone 13 now costs 117,800 yen ($870), Apple's website showed, compared to 99,800 yen previously. With the…

Irish Mirror

Cost of living crisis: Majority of Irish struggling to pay bills as 70% use hot water bottles to cut costs, new survey reveals

Exclusive: Taoiseach Micheál Martin has warned households that energy prices are set to rise again

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news in one place.

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AAP

Report points to continued SA recovery

A new economic report says South Australia's economic recovery will continue despite rising inflation and interest rates.

Bangkok Post

BoT demonstrates economic gains despite inflation spike

Thailand's economy has continued to rebound, reflected by better signals in the May economic data, despite a sharp spike in the inflation rate, according to the Bank of Thailand.

The Independent UK

VAT cut ‘proposed by Downing Street to ease cost of living squeeze’

No 10’s chief of staff reportedly referred to the move as ‘de-inflationary’

ABC News

ASX posts three-day losing streak, S&P 500 marks worst first-half-year drop in 50 years

The ASX 200 drops for a third straight day, while Wall Street suffers its worst first-half since 1970 on worries that aggressive interest rate hikes may tip the US into recession.

The Independent UK

From stocks to crypto, a punishing six months for investors

Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months

The New Daily

Sky-high mortgages, high inflation, possible recession. How The Conversation’s panel sees the year ahead

Now in its fourth year, The Conversation’s survey draws on the expertise of leading forecasters to predict what lies ahead for the Australian economy.

Benzinga

What's Going On With PayPal Stock Today?

PayPal Holdings Inc (NASDAQ: PYPL) shares are trading lower Thursday amid overall market weakness as investors continue to digest inflation concerns, Fed rate hikes and macro uncertainty. Concerns surrounding a potential economic slowdown have also weighed on growth stocks.

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