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The Latest Breaking News from Inflation

DWP to hammer up to 900,000 Brits with benefit freeze as they move to Universal Credit

DWP chiefs will move 2.6million households onto Universal Credit between May 9 this year and the end of 2024 - but up to 900,000 will be worse off long term, government documents reveal

Daily Mirror

RBC Capital Cuts Shopify's Price Target By 23%

Shopify Inc (NYSE:SHOP) (TSX:SHOP) price target has been lowered to $1000 (an upside of 116%) from $1300 by RBC Capital analyst Paul Treiber. The analyst maintained the Outperform rating on the shares. The analyst states that the proposed changes to Shopify’s share structure may be contentious. Treiber adds that while some terms in the proposal…

Benzinga

Will the Fed cause a recession by raising rates? Here’s what experts are saying

High inflation comes with a heavy economic price, but so can the Federal Reserve’s attempts to get it under control.

Tribune News Service

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Aged care workers bid for higher wages

Australia's aged care workers are underpaid compared to someone working at Bunnings or at a pub, the Fair Work Commission has been told.

AAP

Global stocks fall amid fears of new Covid lockdowns in China

FTSE 100 drops by 141 points to 7380.5, its lowest close in more than five weeks

The Guardian - UK

Jonathan Heller Purchases 100,000 Shares Of CBL & Associates (CBL) And Other Insider Trades

When Seeking Alpha reached out to me in late 2021 to see if I would be interested in writing an article about my outlook for 2022, I appreciated this opportunity to participate in their virtual round table.

Benzinga

Cost of living crisis: Which supermarkets are lowering their prices?

Shoppers seek out cheaper prices and better deals as soaring costs bite

The Independent UK

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Millions of retired Waspi women to be £3bn worse off by state pension triple lock blow

New figures show women born in the 1950s will lose up to £770 a year each due to the government’s decision to hit pause on an increase traditionally linked to inflation, earnings growth and 2.5%

Daily Mirror

Key phrase will get you a dozen doughnuts for a low price at Irish Krispy Kreme stores

The latest 'Wondoughful Wednesday whopper discount' is here

Irish Mirror

Buy the Dip: FedEx and SAP

The major stock market indices slid last week on unabated investor concerns over the potential for a recession caused by high inflation and surging energy prices. Amid this scenario, we think investors could buy the recent price dips in fundamentally sound stocks FedEx Corporation (FDX) and SAP SE (SAP) for…

StockNews.com

Nestle hikes prices of big brands including Purina and Nespresso - with more to come

Nestlé, the brand behind household names including Purina PetCare, Nespresso and KitKat, has raised its prices by 5.2% in the first three months of this year - and has warned of more increases to come

Daily Mirror

Hiking interest rates to tame inflation not 'anti-national': Former RBI chief Raghuram Rajan

NEW DELHI: Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians and bureaucrats as some "anti-national" activity.

The Times of India

Airline ticket prices are rising and it’s only going to get harder to find cheap flights

DALLAS — Travel is back, but airline tickets aren’t quite what travelers remember.

Tribune News Service

Brawn: "Solution coming" for F1 budget cap inflation squeeze

Formula 1 managing director Ross Brawn says a solution is at hand for the squeeze on the sport's budget cap caused by inflation.

Motorsport

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Benzinga

EXCLUSIVE: Blockware Intelligence Publishes Report on Bitcoin: 'Bitcoin is Certainty in an Uncertain World'

What Happened: Blockware Solutions, an industry leader in blockchain infrastructure and cryptocurrency mining, has unveiled its new research from proprietary research arm Blockware Intelligence titled "Bitcoin is Certainty in an Uncertain World."

StockNews.com

Is Gap Inc. a Winner in the Apparel Retail Industry?

Apparel retail company The Gap (GPS) recently increased its annual dividend payout. But is it wise to buy the stock now amid uncertainty associated with continuing logistical disruptions and rising inflation? Read on to learn our view.

Bristol Post

Cost of living crisis not hit Clifton's upmarket butchers - yet

"The health of an entire economy can in many respects be determined by the cuts of meat people buy"

Daily Mirror

Angela Rayner's best Boris Johnson takedowns as she slams sexist Basic Instinct briefing

Angela Rayner, deputy leader of the Labour Party, appears to have made it a mission of hers to hilariously slam Boris Johnson's government at every turn - here are some of her best putdowns

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France 24

What are the economic challenges facing Macron in his second term?

With Emmanuel Macron having secured a second term in office, we take a closer look at the French president's economic proposals for the next five years. From inflation to the energy crisis to the cost of living, Macron has laid out specific measures in a bid to fix the many…

Insider UK

Aberdeen FC chair reveals rising cost of new stadium, blaming 'construction inflation'

The clubs proposed shoreline home ground is now set to cost £75m - up from its £45m estimate five years ago

Salon

CEOs got big raises while hiking prices

Some companies raised prices, blaming rising wages — but actually cut workers' pay, according to new report

Autosport

Brawn wants solution for F1 budget cap inflation squeeze

Formula 1 managing director Ross Brawn says a solution is at hand for the squeeze on the championship's budget cap caused by inflation.

Axios

Food buying habits are evolving in the face of inflation

From cutting back to making substitutions, people are finding ways to cope with higher prices

The Guardian - UK

Asda and Morrisons cut prices as supermarkets fight for customers

Big chains try to preserve market share amid rising inflation and competition from Aldi and Lidl

Daily Record

Asda to cut prices of more than 100 items including tea bags and cheese

It comes as retailers reported a 3.3% increase in food inflation last month, which is expected to rise further.

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