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The Latest Breaking News from Inflation

Biden names combatting inflation and rising costs as his top domestic priority

In an address from the White House Tuesday, President Biden contrasted his administration's plans to tackle rising costs with what he called Republicans' "ultra-MAGA" plan.

WEKU

Biden Says Inflation Is 'Top Economic Challenge': How He Compares GOP, Democratic Plans

President Joe Biden delivered remarks on his economic policies and the challenges being faced by the nation on Tuesday, ahead of this week’s most closely watched economic report. Here's what investors need to know.

Benzinga

Should You Invest in the Tobacco Industry?

Despite many perceiving the tobacco industry as detrimental to society, most tobacco companies are investor favorites due to their extraordinary returns. Apart from their market-beating returns, these stocks are well known for their high dividend yields. Given an inelastic demand for products and high dividend payouts, this defensive industry looks…

StockNews.com

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Biden says inflation is ‘hurting’ US families, blames pandemic

WASHINGTON — President Joe Biden blamed high inflation on pandemic disruptions to the economy and Russia’s invasion of Ukraine, acknowledging that rising prices are “hurting” American families ahead of the November midterms.

Tribune News Service

Industry warns ’small business can’t afford it’ after Albanese backs 5.1% minimum wage rise

Employers argue that excessive minimum pay increases will fuel inflation as unions call for ‘incredibly reasonable’ boost to meet cost of living pressures

The Guardian - AU

‘Look at their agenda’: Biden hits out at GOP as he touts plans to tackle inflation

‘I happen to think it's a good thing when American families have a little more money in their pockets at the end of the month. But Republicans in Congress don't seem to think so,’ Biden says

The Independent UK

Biden: Inflation is "top domestic priority"

"Americans have a choice right now, between two paths, reflecting two very different sets of values."

Axios

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Key Topics That Will Influence Where the Market Goes Next

Today was a brutal day for the market and particularly for growth stocks. The S&P 500 (SPY) finished the day down more than 3% with growth stocks down even more as evidenced by Cathie Wood's ARK Innovation ETF dropping nearly 10%. And, this carnage continued in the after-hours session with…

StockNews.com

Why Bitcoin-, Ethereum- And Litecoin-Related Stock Coinbase Is Diving Today

Shares of several banks and financial services companies, including Coinbase Global Inc (NASDAQ: COIN), are trading lower amid continued volatility as traders assess recent Fed policy changes and ongoing inflation concerns.

Benzinga

The Queen's Speech - what was in it, what wasn't and what you should know

A total of 38 Parliamentary laws were set out in today's speech, but it failed to mention some key measrues

Daily Record

Blast from the past as currency speculators circle weakened pound

Analysis: Experts warn that sharp losses for sterling could drive up cost of imports and invite attacks on the currency

The Guardian - UK

5 Stocks to Avoid on a Slowdown in E-Commerce Sales

Amid vexing inflation and hawkish federal monetary policy stance, the e-commerce sector suffered a significant earnings decline in its latest quarter. Given the bearish market sentiment, we think it could be wise to now avoid overvalued e-commerce stocks Etsy (ETSY), eBay (EBAY), Shopify (SHOP), Amazon.com (AMZN), and Wayfair (W). Read…

StockNews.com

Queen' Speech: Seven changes that will affect you and your money

More powers for renters, lower inflation and quicker benefits for the terminally ill were among the changes announced

Chronicle Live

We checked if Tesco's cans and wine have been hit with inflation since the January price hike - and the answer is clear

A few months after minimum unit pricing came into effect, we went to Tesco and compared the prices of beer and wine now to see if inflation has also impacted the cost of booze

Irish Mirror

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StockNews.com

Buy the Dip: 2 Oversold Travel Stocks

Although the travel industry rebounded from its pandemic lows last year with the lifting of COVID-19 restrictions, rising inflationary pressure and a potential recession due to the Fed’s hawkish stance have driven a massive stock market sell-off lately, causing many travel stocks to enter oversold territory. However, increasing advanced bookings…

The National (Scotland)

Tories accuse Labour MSP of 'all-out communism' after call to outlaw private profit

TORIES have attacked a Labour MSP after she suggested outlawing private profits could be a solution to the current inflation crisis.

StockNews.com

5 Blue-Chip Stocks Outperforming the Market in 2022

The stock market closed in the red yesterday as concerns about inflation again spooked investors. Blue-chip stocks are known for their rich history of sustained gains. Hence, we think blue-chip names Walmart (WMT), AbbVie (ABBV), Cigna Corp (CI), International Business Machines (IBM), and Johnson & Johnson (JNJ), whose stocks have…

Tribune News Service

US gasoline price hits record with driving season looming

U.S. retail gasoline and diesel prices rallied to a record just ahead of the nation’s summer driving season, a challenge for President Joe Biden and the Federal Reserve as they face the fastest inflation in decades.

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The Independent UK

Ministers have ‘buried their heads in the sand’ over the cost-of-living crisis

Groups have criticised the Government for failing to use the Queen’s Speech to deal with the cost-of-living crisis.

Axios

Gas prices hit new all-time high

The new record comes as high inflation puts pressure on the Biden administration to help consumers.

The Guardian - US

Joe Biden calls inflation his ‘top domestic priority’ but blames Covid and Putin – as it happened

President says he understands American’s frustration with Democrats, who control all three branches of government: ‘I don’t blame them’

Irish Mirror

Boost for Irish pubs and restaurants as hospitality VAT rate of 9% to be extended for six months

The rate is set to stay until at least February 28 2023

The Conversation

Five things that economists know, but sound wrong to most other people

Economists have shaped the modern world in many ways. Governments make policy choices in response to the data that we produce about things like GDP and inflation. Social media companies use our insights about human behaviour to create features that encourage people to use their platforms. And we’re at the…

Daily Mirror

Queen's Speech: 7 changes that affect your money including more rights for renters

More powers for renters, lower inflation and quicker benefits for the terminally ill were among the changes announced in this year's Queen's Speech, but there is no new help for the cost of living crisis

Reuters

Ukraine war fuels food crisis in distant Africa

Zimbabwean security guard Edwin Dapi was already struggling to provide for his wife and four children before a conflict 11,000 km (6,800 miles) away in Ukraine sent global prices for grains, cooking oils, fuel and fertilizer soaring.

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