Labor’s jobs summit to focus on pay deals and productivity in bid to lift wages Expert says collective bargaining is a ‘minefield’ for employers and simplifying it should be a focus of the forum The Guardian - AU · May 24, 2022
More turn to UK food banks as food and fuel bills soar Across Britain, food banks and community food hubs that helped struggling families, older people and the homeless during the pandemic are now seeing soaring demand The Independent UK · May 24, 2022
What is the dispute on UK railways and could strikes be biggest in modern history? The RMT has balloted about 40,000 members for industrial action over pay and cuts The Guardian - UK · May 24, 2022
Lifting the minimum wage is anything but reckless – it's what low earners need Stand by for something “reckless and dangerous”. The Conversation · May 24, 2022
Asia shares trading lower as inflation worries cloud outlook Asian shares are trading lower as worries over inflation temper optimism over President Joe Biden’s remark that he was considering reducing U.S. tariffs on Chinese imports The Independent UK · May 24, 2022
AP News Digest 3:15 am Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org. The Independent UK · May 24, 2022
Sri Lanka increases fuel prices to address economic crisis Sri Lanka increased fuel prices on Tuesday, a long-flagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to galloping inflation at least in the short term. Reuters · May 24, 2022
AP-NORC poll: Economy grows as priority on Russia response Americans are becoming less supportive of punishing Russia for launching its invasion of Ukraine if it comes at the expense of the U.S. economy, a sign of rising anxiety over inflation and other challenges The Independent UK · May 24, 2022
Inside India’s policy flip-flop on wheat exports India’s policy uncertainty can be traced back to inaccurate crop estimates and the poor decisions based on that. Al Jazeera · May 24, 2022
The only way is up for NZ cash rate Mortgage holders in New Zealand are bracing themselves for another cash-rate hit from the Reserve Bank. AAP · May 24, 2022
Wage debates and inflation are just the tip of what business want the new government to tackle Businesses are battling rising costs, while their customers' purse strings are tightening. Tackling this situation will be the new government's great task, and there's only so much it can do to control some broad economic pressures. ABC News · May 23, 2022
Bull vs. Bear Contingency Plans The S&P 500 (SPY) has endured its 2nd trip down towards bear market territory before a bounce ensued. This last downturn is thanks to the ugly earnings from both WalMart and Target. This is indeed a precarious time and we have to contemplate the odds of bull vs. bear market… StockNews.com · May 23, 2022
De Blasio vows return to roots in Congress run, floats idea of national racial justice commission NEW YORK — The Bill de Blasio reboot is officially underway. Tribune News Service · May 23, 2022
With food prices climbing, the U.N. is warning of crippling global shortages Fears of a global food crisis are growing because of the shock of the war in Ukraine, climate change and rising inflation. WEKU · May 23, 2022
Tribune News Service · May 23, 2022 Why a cash-out refinance can still be a good idea, even as rates rise Economic uncertainty abounds right now as inflation surges and the interest rates on all kinds of financial products rise.
Bangkok Post · May 23, 2022 Higher Interest Rates Raise Risk of Future Fed Losses The Federal Reserve's plans to raise interest rates aggressively to combat high inflation could have an overlooked and uncomfortable side effect for the central bank: capital losses.
Benzinga · May 23, 2022 Markets Rise To Start The Trading Week U.S. indices finished Monday's trading session higher as stocks rebounded following Friday's weakness. Federal Reserve policy tightening, inflation and economic concerns have weighed on stocks across sectors this year.
Daily Mirror · May 23, 2022 Global economy faces 'biggest test since the Second World War', expert warns Kristalina Georgieva, head of the International Monetary Fund, said food and energy prices are squeezing households around the world - and central banks are tightening monetary policy to rein in inflation
StockNews.com · May 23, 2022 2 Under-the-Radar High-Yield Stocks That Continue to Outperform the Market Despite the uncertainties surrounding the market and the economy, it could be wise to bet on under-the-radar, high-yield dividend stocks Delek Logistics (DKL) and Donegal Group (DGICA). These stocks have outperformed the broader market so far this year and are likely to continue to do so.
The Independent UK · May 23, 2022 European Central Bank chief signals possible July rate hike The president of the European Central Bank has given the clearest sign yet that policymakers will aim to raise interest rates as soon as July to ease surging inflation
The Independent UK · May 23, 2022 Families with children hit by £400 hike in monthly costs while benefits plunge to 40-year low Households with two children see inflation rate of 13% as costs of fuel and food surge
France 24 · May 23, 2022 Indo-Pacific NATO? Biden, China and the Quad alliance Who is winning the room? Who is winning the region? Joe Biden has inflation and an uphill battle to the midterms back home, but that is no bother for Indo-Pacific allies. Monday saw the launch of a regional trade partnership and plans for a partnership to stare down maritime threats.…
StockNews.com · May 23, 2022 2 Buy-Rated Companies That Recently Increased Their Dividend Given the current market turmoil caused due to multi-decade high inflation, interest rate hikes, and fears of a possible recession, we think investors should secure themselves by investing in stocks that generate stable returns in the form of dividends. So, we think it could be wise to bet on Northrop…
StockNews.com · May 23, 2022 3 Warren Buffett Bank Stocks That Yield More Than 3% Concerns over heightened inflation pressures and the Federal Reserve's aggressive interest rate hikes have increased volatility. Given recession concerns, dividend stocks ensure a regular income stream and could be wise. Thus, Warren Buffett's dividend-paying bank stocks, The Bank of New York (BK), Citigroup (C), and U.S. Bancorp (USB), could be…
StockNews.com · May 23, 2022 4 Retail Stocks to Avoid as Consumers Spend Less on Discretionary Items Although retail sales surged in April, the inflationary pressures might dampen consumer demand. Consumer spending has been shifting away from discretionary retail toward staples in the face of the soaring inflation. Hence, we think discretionary retail stocks NIKE (NKE), Starbucks (SBUX), Five Below (FIVE), and Williams-Sonoma (WSM) might be avoided…