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The Latest Breaking News from Inflation

Cooking-oil chaos exacerbates a looming world hunger crisis

The world's supply of cooking oil — already squeezed by war — is getting smaller.

Tribune News Service

A divided France and a Germany unsure of its identity threaten Europe’s future

In a time of multiple crises and dangers, the EU needs urgently to recover a sense of common purpose

The Guardian - UK

Joe Biden’s message drowned out by beat of the Republican culture-war drum

Democrats struggle to tell a good-news story raising fears of midterm losses in November

The Guardian - UK

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Thousands of farmers stage anti-tax protest in Argentine capital

Thousands of Argentine farmers protested in Buenos Aires on Saturday against President Alberto Fernandez, whose policies to contain food prices to curb rampant inflation have been criticized by the agricultural sector.

Reuters

'Boris Johnson's excuses are now so entertaining, we're at last getting value from him'

Boris Johnson's now telling lies at such a ferocious rate he should be studied by medical science. He’ll tell us the cake at the party wasn’t a cake, it was a report about the inflation rate, covered in icing and candles

Daily Mirror

Sanctions Hit Russian Economy, Although Putin Says Otherwise

Nearly two months into the Russian-Ukraine war, the Kremlin has taken extraordinary steps to blunt an economic counteroffensive from the West. While Russia can claim some symbolic victories, the full impact of Western sanctions is starting to be felt in very real ways. As the West moved to cut off…

Asharq Al-Awsat

Argentina will not modify $45 billion debt with IMF -finance minister

Argentine economy minister Martin Guzman said late on Friday that a $45 billion debt deal with the International Monetary Fund will not be modified, following a meeting with IMF head Kristalina Georgieva.

Reuters

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Outline steps to stop price rise, Congress tells government

Opposition demands a white paper on economy as statistics show retail inflation close to 7%

The Hindu

Busy restaurants belie a tale of tightening belts in cost-of-living crisis

Consumer spending, still partially buoyed by lockdown savings, is about to take a hit. But will it mean recession?

The Guardian - UK

After Friday’s Stock Market Plunge…What Comes Next?

Friday was the worst session since 2020. And marks 3 straight weeks of losses for the S&P 500 (SPY) and 4 straight for the Dow. This means the glorious March bounce has been nearly eliminated as we close the week at 4,271.78...all the closer to the February intraday low of…

StockNews.com

French election: What you need to know as Emmanuel Macron and Marine Le Pen square off in Sunday’s runoff vote

Whoever wins on Sunday will only have done so after a bitter, divisive campaign and probably with a small majority

Evening Standard

Sanctions hit Russian economy, although Putin says otherwise

Nearly two months into the Russian-Ukraine war, the Kremlin has taken extraordinary steps to blunt an economic counteroffensive from the West

The Independent UK

France’s Two Presidential Contenders: Who’s Proposing What

It’s crunch time for voters in France as incumbent President Emmanuel Macron, a centrist, is meeting far-right nationalist Marine Le Pen of the National Rally at the ballot box for Sunday’s final presidential vote. With foreign policy an issue as war ravages Europe's east, along with worries over inflation in…

Asharq Al-Awsat

Atkore is Our Growth Stock of the Week

Atkore (ATKR) is a top industrial stock that ranks in the top 5% among growth and value. The stock remains attractively priced despite double-digit earnings growth. Read on to find out why ATKR is my growth stock of the week.

StockNews.com

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Bangkok Post

Global economy: Back to the Valley of Death

Since the global economic crisis that originated in the United States 14 years ago, the world economy has faced regular bouts of volatility. Massive capital injections helped the US economy recover from the initial shock in 2008, but also pushed other economies with structural problems, including some in Europe, into…

Newcastle Herald

Aim for surplus in record council budget

The $424 million budget is the largest in the city's history and includes a record $132 million capital works spend.

Benzinga

Markets Fall Sharply Amid Ongoing Rate Hike Concerns

The S&P 500 traded lower for the third week in a row as investors brace for a potential 0.5% interest rate hike by the Federal Reserve.

StockNews.com

Walmart vs. Big Lots: Which Stock is a Better Buy?

Discount store operators should witness significant demand amid inflationary pressure exacerbated by supply chain disruptions and the Russia-Ukraine crisis. So, Discount retailers Walmart (WMT) and Big Lots (BIG) should perform well this year. But which of these two stocks is a better buy now? Read on to learn more.

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Daily Mirror

Cost of living crisis dragging country into recession - and seven steps to avoid it

When asked by YouGov about their economic expectations for the coming year, most people reported that their hopes had never been lower. The country is facing an economic crisis

StockNews.com

Bear Market Scare? Inflation & Inverted Yield Curve

Goldman Sachs has elevated their recession and bear market indicator to 35% odds of happening within the next 2 years. That may not sound that alarming at first, but do realize that most bear markets come around when less than 50% of experts predict it’s on the way. So this…

Benzinga

HCA Healthcare's Softer Guidance Pulls Hospital Peers Down

Earlier today HCA Healthcare Inc (NYSE: HCA) reported Q1 earnings and cut FY22 guidance. The revised outlook is based on current expectations regarding the impact of the COVID-19 pandemic and related government legislation, labor cost, and inflation.

The Independent UK

Recession warning as confidence among shoppers falls to lowest since 2008 financial crash

Economy could soon shrink as shoppers slash spending and businesses take a hit

The Independent UK

Why Fed worries about the strongest US job market in decades

Chair Jerome Powell isn’t as pleased with the robust U.S. job market as you might think he’d be, and he and the Federal Reserve plan to do something about it: Take it down a notch

Tribune News Service

Should California shorten the workweek to 32 hours?

Prompted by the Great Resignation, state lawmakers are proposing to redefine the workweek from 40 hours to 32 hours for companies with more than 500 employees.

Benzinga

How The Russia-Ukraine War Is Making Gold Shine

The volatility spawned by the Russia-Ukraine conflict is more than keeping the price of gold afloat in the international market. So far in 2022, the price of the precious metal has jumped by 6.54%.

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