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The Latest Breaking News from Inflation

Three graphs that show UK’s looming economic turmoil

Millions face unprecedented spike in energy bills and second-biggest fall in living standards since records began

The Independent UK

Why Bitcoin, Ethereum And Dogecoin Were Volatile Today

Benzinga

$57 billion wiped from Australian market, Wall Street rout as Dow plunges 1,000 points, Nasdaq loses 5pc

The ASX plunges by nearly $60 billion after Wall Street stocks plummet, as investors worry about the need for larger interest rate increases to stem inflation, while the Bank of England raises rates for a fourth time.

ABC News

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

Wall Street staggers with ‘vicious’ $1.3 trillion stock selloff

A day after celebrating the Federal Reserve’s signal that it wouldn’t be making any jumbo-sized moves, traders woke up on Thursday deciding that the central bank will struggle to fight high inflation amid the lingering threat of a recession.

Tribune News Service

Glasgow jobs at risk as McColl's teeters on brink of collapse

The retailer has been in discussions with potential lenders to shore up the business, which struggled badly during the pandemic due to supply chain issues, inflation and a heavy debt burden.

Glasgow Live

Stellantis revenues rise even as shipments slide from chip shortage

The maker of Jeep SUVs and Ram pickup trucks on Thursday said its revenues increased 12% year-over-year in the first three months of 2022 even as shipments dropped by the same percentage from lost production resulting from parts shortages.

Tribune News Service

All you need to know about 1% base rate and how it will hit your pocket

From mortgages to savings, we look at what the latest Bank of England forecast means for you and your finances. Already sky-high energy bills are set to soar even more

Daily Mirror

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Cost of living now bleakest since the 1980s - yet still no help for families

Households around the country are facing a cost of living crisis as inflation and energy bills continue to go up, but Boris Johnson and Rishi Sunak are not helping people

Daily Mirror

Buy the Dip in These 2 REITs That Yield More Than 4%

Since growing concerns over high inflation and aggressive interest rate hikes could keep the overall stock market highly volatile in the near term, REITs National Retail Properties (NNN) and Ladder Capital (LADR) could be solid bets because of their steady dividend payouts. These two stocks have declined lately but hold…

StockNews.com

US stocks see worst day this year as Fed rate hike rattles investors

Dow falls 3.1% a day after the Fed chair announces biggest hike in two decades to combat inflation

The Guardian - US

The multiverse is huge in pop culture right now – but what is it, and does it really exist?

Whether you need a new villain or an old Spider-Man, your sci-fi movie will sound more scientifically respectable if you use the word multiverse. The Marvel multiverse puts different versions of our universe “out there”, somewhere. In these films, with the right blend of technology, magic, and imagination, travel between…

The Conversation

Abortion now front and center in some Democrats' senatorial campaigns

WASHINGTON — Democrats most at risk of losing their Senate seats in November’s U.S. election have jumped on abortion rights to shift the political narrative away from inflation and win back voters disappointed by President Joe Biden’s handling of the economy.

Tribune News Service

Berry Global Q2 Earnings Beat Estimates

Berry Global Group Inc (NYSE:BERY) reported second-quarter FY22 sales growth of 12% year-on-year to $3.78 billion, beating the consensus of $3.70 billion. The net sales growth is primarily attributed to increased selling prices of $576 million due to the pass-through of inflation. Organic volumes were down 2% in the quarter, primarily due to…

Benzinga

How will higher interest rates and inflation affect you?

How will homeowners and property buyers be affected by Thursday’s gloomy economic forecast?

The Independent UK

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Benzinga

Why Bitcoin SV Is Getting Hammered Today

Shares of several popular altcoins, including Bitcoin SV (CRYPTO: BSV), are trading lower amid overall market weakness as traders continue to digest Wednesday's Fed rate hike announcement.

The Independent UK

US mortgage rates rise; 30-year at 5.27%, highest since 2009

Average long-term U.S. mortgage rates resumed their ascent this week, as the key 30-year loan reached its highest point since 2009

StockNews.com

5 Resilient Dividend Stocks to Buy and Hold

Yesterday, the Federal Reserve implemented its first 50-basis-point interest rate hike since 2000 to tame rising inflation. The volatility in the stock market has been increasing with the Fed’s monetary policy pivot, historically high levels of inflation, and the Russia-Ukraine war. And analysts expect the S&P 500 to plunge further.…

The Guardian - UK

The fudging is over, as monetary policy committee predicts 10.2% inflation

The pound slides following gloomy forecasts and confusion within the Bank of England

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The Hindu

Watch the gap: On widening trade deficit

The widening trade deficit puts more pressure on the rupee and aids growth-retarding inflation.

Roll Call

At the Races: Roe, Roe, Roe the vote - Roll Call

The CQ Roll Call newsroom tracks campaigns nationwide, sharing the best stories, with some extras, in the At the Races newsletter.

Tribune News Service

Costly beer and cars? Consumers, and profits, fine with that

Consumers seem undaunted by higher prices of everything from luxury cars to beer, letting companies like Anheuser-Busch InBev NV and BMW AG boost profits despite economic threats ranging from inflation to war to China’s Covid flare-up.

Tribune News Service

Georgia Democrats aim to make abortion rights a unifying midterm message

ATLANTA — Georgia Democrats who struggled to counter concerns about rising fuel prices and inflation suddenly have a unifying campaign message following the leaking of a draft of a U.S. Supreme Court opinion that would overturn Roe v. Wade.

WEKU

The Dow Jones tumbles over 1,100 points as fears about the economy intensify

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.

WEKU

Stocks dive as fears about the economy intensify

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.

Daily Mirror

'People struggle with basic needs - but Tories try to hide behind conflict in Ukraine'

Jason Beattie says the Government will try to hide behind the situation in Ukraine but Vladimir Putin's aggression will only provide them with a limited amount of cover

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