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The Latest Breaking News from Inflation

Canada's Ontario to hold election next month as voters grapple with inflation

Canada's most populous province, Ontario, will hold an election next month with incumbent Progressive Conservative leader Doug Ford favored in polls and the campaign expected to focus on fighting inflation.

Reuters

In the red: loan defaults rise as cost of living crisis bites

One in 12 using unregulated borrowing services to cover everyday spending

The Independent UK

U.S. Cannabis Earnings: 3 Reasons Why A Revenue Growth Trough Has Been Reached in 2022

It’s no secret that the U.S. cannabis market, as broadly reflected by the industry benchmark AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS), has experienced a precipitous slowdown in growth over the past couple of quarters.

Benzinga

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Met Gala 2022 faces criticism for its ‘Gilded Glamour’ theme: ‘It is out of touch’

‘It’s gilded glamour, at a time when wealth inequality has passed gilded age levels’

The Independent UK

Look to Consumer Staples Stocks on Mounting Recession Fears

The Fed’s aggressive interest rate hikes and the high energy prices are likely to fuel recessionary conditions. The unexpected decline in GDP in the first quarter indicates a possible slowdown with prices rising continuously. Amid fears of high inflation and a consequent recession, investors can look to bet on shares…

StockNews.com

Boris Johnson says more could be done to help Brits - but rejects calls for windfall tax

During a television interview with Susanna Reid, Prime Minister Boris Johnson was told of a pensioner who rides buses all day to keep warm. He struggled to set out what could be done to help her

Daily Mirror

Newcastle bus drivers to ditch company uniform 'indefinitely' as they call for fair wages

"Drivers are being forced to take protected industrial action to pressure their employer to pay a wage which allows them to make ends meet and live where they work."

Newcastle Herald

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Why Alternative Investments Are Becoming More Mainstream

For decades, affluent investors invested in alternative investment options like private equity, real estate and unconventional options like art. However, times are changing as more average investors are starting to invest in these asset classes.

Benzinga

Retailing in last hurrah before rate rise

The Australian Bureau of Statistics says retail trade rose 1.6 per cent in March to a record $33.6 billion, coming before rising interest rates take their toll.

AAP

Shock interest rate rise shows Australia’s economic exceptionalism is fading

RBA’s decision is, in the words of one economist, ‘a radical revision’. Could this turn a plateauing of property prices into a rout?

The Guardian - AU

Martin Lewis' warning over rising inflation

Inflation has risen by 6% over a 12-month period, the ONS has revealed. Although the Bank of England expects it to fall again in the coming years, money expert Martin Lewis has a warning for consumers...

Manchester Evening News

Martin Lewis' warning over inflation rising

Inflation has soared to a 30-year high. The Bank of England expects it to fall again in the coming years - but Martin Lewis has a warning about what that will mean for consumers...

Chronicle Live

Science and superheroes invented the multiverse by mistake — they’re still fighting over it today

As Doctor Strange and The Flash enter the multiverse, scientists question what it means for the future of their study.

Inverse

60 years ago, science and superheroes both invented the multiverse — they're still fighting over it today

As Doctor Strange and The Flash enter the multiverse, scientists question what it means for the future of their study.

Inverse

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StockNews.com

4 Incredibly Cheap Large-Cap Stocks to Buy Now

The stock market has been faced with significant volatility on concerns over surging inflation, the Fed’s anticipated interest rate hikes, and continuing geopolitical instability. However, the market selloffs have created an attractive opportunity to buy quality large-cap stocks at low prices. We believe fundamentally sound large-cap stocks Bristol (BMY), Micron…

Daily Record

Perthshire Chamber of Commerce chief urges newly-elected councillors to oppose further business taxes and levies

The ‘Restore, Recover and Reform’ pledge askes potential representatives to commit to “pro-business and pro-enterprise policies” as business owners face “rising cost pressures”

StockNews.com

2 ETFs to Take Advantage of Higher Food Prices

Food prices have been skyrocketing amid rising tensions surrounding the Ukraine-Russia war, which has worsened an already distressed global supply chain. Nevertheless, we think investors could take advantage of surging food prices by investing in quality ETFs First Trust Nasdaq (FTXG) and Invesco Dynamic Food (PBJ). Let’s discuss.

StockNews.com

Buy These 2 Utilities ETFs to Protect Your Portfolio from a Bear Market

The Fed’s plans to hike interest rates aggressively to curb runaway inflation and the consequences of the ongoing Russia-Ukraine war are wreaking havoc on the stock market. This, coupled with rising recession fears, is expected to keep market sentiment bearish in the near term. Therefore, we think it could be…

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The Times of India

High inflation, Ukraine crisis boost jewellery sales on Akshaya Tritiya

KOLKATA: Jewellers of Kolkata are happy on the auspicious day of Akshaya Tritiya to witness a footfall jump of 30-40 per cent compared to normal days as soaring inflation, the Ukraine crisis, besides religious sentiments, influenced people to purchase gold and bullion as assets.

Benzinga

10 Products And Places Most Impacted By Inflation

The “transitory” inflation, as it has been called by the Federal Reserve officials, may stay around longer than expected, even with the Fed working to lower inflation through monetary policy.

The Independent UK

Employers post record 11.5 million job openings in March

Employers posted a record 11.5 million job openings in March, more evidence of a tight labor market that has embloldened millions of American workers to leave their jobs and contributed to the biggest surge in inflation in four decades

Evening Standard

Bank of England poised to ramp up interest rates as inflation bites

TWITCHY central banks are poised to aggressively hike interest rates this week in a bid to combat soaring inflation, but they risk plunging already wobbly economies into recession say experts.

Dublin Live

Irish households struggling to make ends meet following grocery price hikes

Take-home grocery sales in Ireland have plummeted by 7.2% while online shopping is up by 3.9%

The Conversation

Sri Lanka's protests show a fragile unity – for now

Sri Lanka is facing its worst economic crises since winning independence from Britain in 1948. Inflation is at an all-time high and protests are spreading around the country.

Edinburgh Live

Asda boss warns food prices will 'soar even higher and stay high' amid cost of living crisis

Supermarket bosses have issued a warning to shoppers over food prices. Groceries have already risen by six per cent but the chairman of Asda has warned more increases will happen.

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