Climate crisis is ‘battering our economy’ and driving inflation, new book says Climatenomics lays out how ‘supply chain disruptions’ has become a euphemism for the effects of climate change The Guardian - US · Jun 11, 2022
Government to cap interest on student loans to guard against inflation The move will not affect monthly repayments, which are based on income, but means borrowers will owe less than they would have done in the long term. The Independent UK · Jun 10, 2022
5 Hard-Hit Large-Cap Stocks Ready to Rebound The market turmoil this year, due to the sky-high inflation and the Fed’s hawkish tilt, has led several fundamentally solid large-cap stocks to trade below their intrinsic values. However, we believe quality large-cap stocks Broadcom (AVGO), Abbott (ABT), IQVIA (IQV), Agilent (A), and QUALCOMM (QCOM), which have declined significantly in… StockNews.com · Jun 10, 2022
Americans put more on credit cards as inflation boosts costs, Fed data show Americans are putting more on their credit cards and taking out fewer mortgages, as they need to increasingly borrow to cover the higher cost of everyday essentials and respond to rising interest rates. Tribune News Service · Jun 10, 2022
Fears of rate hikes continue to pressure equities Recap: World stocks fell on Friday as news of imminent rate hikes from the European Central Bank and concerns over upcoming US inflation data spurred fears over global economic growth. Bangkok Post · Jun 10, 2022
Cautious investing key for the near future After starting May at 1,667.44 points, the SET closed out the month back near the same level at 1,663.41. The first half of the month saw a fairly sharp downtrend to a low of 1,584.38. But this was followed by a solid rebound in the second half, peaking at 1,663.41… Bangkok Post · Jun 10, 2022
Biden calls for ocean shipping overhaul as part of inflation response Faced with another eye-popping inflation report, President Joe Biden on Friday placed extra emphasis on the House passing a bipartisan bill aimed at reducing ocean shipping costs for goods entering U.S. ports. Tribune News Service · Jun 10, 2022
Fed task gets tougher, putting 75 basis point hike back in view Bad news on inflation hardened expectations the Federal Reserve will keep raising interest rates in half-point steps through September, with talk of an even larger move mounting in the conversation. Tribune News Service · Jun 10, 2022
Inflation hits fresh 40-year high, pushing Fed to get more aggressive with interest rates – and the 'Beveridge curve' should give it courage to do so Inflation surged at the fastest pace in over 40 years in May 2022, pushing the Federal Reserve toward a more aggressive pace of interest rate increases to slow it down. While there’s concern it could cause unemployment to spike, a little-known economics indicator suggests the Fed can do so without… The Conversation · Jun 10, 2022
Inflation Fears Send Stocks Lower As Investors Brace For Fed Rate Hike Next Week The 2022 stock market weakness continued this week, with major indexes trading lower on another round of discouraging inflation data. Benzinga · Jun 10, 2022
Has Inflation Peaked? The Federal Reserve started the problem, and consumers are paying for the consequences. Reason · Jun 10, 2022
What's Going On With Disney Shares Today? Walt Disney Co (NYSE: DIS) shares are trading lower by 3.26% to $99.93 as shares of several companies in the broader communications, media and entertainment industry dip amid overall market weakness. A rise in US inflation and economic concerns have pressured discretionary names. Benzinga · Jun 10, 2022
What's Going On With Snap Shares Falling Today? Snap Inc (NYSE: SNAP) shares are trading lower by 5.46% to $13.33 as shares of several companies in the broader communications, media and entertainment industry dip amid overall market weakness. A rise in US inflation and economic concerns have pressured discretionary names. Benzinga · Jun 10, 2022
What's Going On With Roku Shares Diving Today? Roku Inc (NASDAQ: ROKU) shares are trading lower by 9.66% to $83.45 as shares of several companies in the broader communications, media and entertainment industry fall amid overall market weakness. A rise in US inflation and economic concerns have pressured discretionary names. Benzinga · Jun 10, 2022
Benzinga · Jun 10, 2022 Why GE Shares Are Diving Today General Electric Company (NYSE: GE) shares are trading lower by 4.45% to $71.45. Shares of several companies in the industrials sector are trading lower amid overall market weakness following worse-than-expected US May inflation data.
Benzinga · Jun 10, 2022 Why Adobe Shares Are Getting Hammered Today Adobe Inc (NASDAQ: ADBE) shares are trading lower by 7.33% to $395.15. Shares of technology and software companies are trading lower amid an overall market selloff following worse-than-expected US May inflation data.
Benzinga · Jun 10, 2022 Why Micron Shares Are Falling Today Micron Technology, Inc. (NASDAQ: MU) shares are trading lower by 4.17% to $63.27. Shares of technology and software companies are trading lower amid an overall market selloff following worse-than-expected US May inflation data.
Axios · Jun 10, 2022 Scorching hot inflation amplifies recession fears Price gains stayed hot — and re-accelerated, in some cases — in nearly all categories.
The Times of India · Jun 10, 2022 US inflation quickens to 40-year high, pressuring Fed and Joe Biden US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats.
StockNews.com · Jun 10, 2022 2 Must-Own Tech Stocks in the Nasdaq-100 Investors’ worries about the Fed’s hawkish tilt to combat inflation have led several fundamentally sound tech stocks to plunge significantly in price this year. However, given the solid long-term prospects of the tech industry, we think it could be wise to invest in the shares of quality tech stocks in…
StockNews.com · Jun 10, 2022 2 Red-Hot Dow Jones Stocks With More Room to Run Recessionary concerns and the Fed’s hawkish policy measures to combat high inflation are expected to extend the market correction. However, certain Dow Jones constituents with solid financials and bright growth prospects have been outperforming the benchmark index. So, Verizon (VZ) and Amgen (AMGN) could be solid investments now.
Benzinga · Jun 10, 2022 Elon Musk Recommends Investing In 'Physical Things' - Here Are 3 Physical Assets That Perform Well During High Inflation Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk posted in a thread on Twitter (NYSE: TWTR) in March, after inflation hit a 40-year high for the first time this year
Benzinga · Jun 10, 2022 What's Going On With Tesla Shares Today? Tesla Inc (NASDAQ: TSLA) shares are trading lower by 4.58% to $686.23. Shares of auto companies are trading lower following worse-than-expected May CPI data. Growing inflation has caused economic slowdown fears, which have impacted the sector.
Benzinga · Jun 10, 2022 Here's How The SPDR S&P 500 Looks As Fed Loses Fight Against Inflation The SPDR S&P 500 (NYSE: SPY) gapped down 1.63% on Friday after new Consumer Price Index (CPI) data released by the Labor Department showed the Federal R
Benzinga · Jun 10, 2022 Analysts Cut Signet Jewelers Price Target Amid Inflation Worries Telsey Advisory Group analyst Dana Telsey has lowered the price target on Signet Jewelers Limited (NYSE: SIG) to $85 (35% upside) from $100, citing a challenging macro environment. Telsey maintained the Market Perform rating on the shares.