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The Latest Breaking News from Inflation

Explained: What’s up with Biden’s Wednesday visits to Kankakee, Chicago

Biden arrives in Illinois hours after the April inflation numbers are released and the White House is braced for grim news.

Chicago Sun-Times · May 11, 2022

Calls to end low wage 'design feature'

Labour market experts are calling for wages to grow faster than four per cent a year to rebalance productivity, inflation and incomes but employers are fearful.

AAP · May 11, 2022

Explainer: Should we be concerned about the baht?

Thailand started off this week with the baht weakening to a five-year low of 34.62 against the greenback. While in line with other Asean currencies that have softened against the US dollar, the performance is worth monitoring because it serves as an indicator in the country's recovery.

Bangkok Post · May 10, 2022

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Consumer confidence plunges to lockdown levels while Australians prepare for the polls

Globally, markets are considering rate hikes, inflation, war and supply chain woes.

ABC News · May 10, 2022

Leaders face off in final debate – as it happened

This blog is now closed

The Guardian - AU · May 10, 2022

Betagro sanguine on sales

Betagro Group, one of Thailand's biggest agro-industrial and food companies, is optimistic about its sales prospects this year, despite a spate of challenges including the persistent pandemic, the ongoing Russia-Ukraine war, an increase in animal diseases, changing consumer behaviour and rising raw material costs as well as inflation.

Bangkok Post · May 10, 2022

Federal election: ABC's political experts answer your burning election questions

Patricia Karvelas, Antony Green and Andrew Probyn joined the blog to answer your questions, as the wage debate heats up on the campaign trail.

ABC News · May 10, 2022

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Ceramic tile makers set out expansion plans

Two large producers of ceramic tiles -- SCG Ceramics Plc and Dynasty Ceramic Plc -- will open new stores and expand existing outlets nationwide as domestic demand recovers, following the country's reopening.

Bangkok Post · May 10, 2022

Oil sheds almost 10% in two days to drop below $100 a barrel

Oil continued its retreat into a second session as galloping US inflation fueled concerns it would force moves that risk pushing the economy into a recession.

Tribune News Service · May 10, 2022

Queen’s speech: Boris Johnson ‘bereft of ideas’ to tackle cost of living crisis

Despite 38 new bills, opposition accuses government of failing to act to protect people amid soaring inflation

The Guardian - UK · May 10, 2022

Scott calls on Biden to resign

"Joe Biden can't do the job"

Salon · May 10, 2022

Control inflation by acting on liquidity

Inflation in India cannot be described just as ‘cost-push’; an abundance of liquidity has been an important factor

The Hindu · May 10, 2022

Tories ignore cost of living catastrophe as struggling Brits offered no help

The cost of living crisis continues with soaring energy bills, inflation due to hit 10% and pay benefits failing to keep up with rising prices - but no extra help was announced in the Queen's Speech

Daily Mirror · May 10, 2022

Drivers bemoan high gasoline prices with no relief in sight

Just as Americans gear up for summer road trips, the price of oil remains stubbornly high, pushing prices at the gas pump to painful heights

The Independent UK · May 10, 2022

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Benzinga · May 10, 2022

Despite Recession Fears, This Indicator Says The US Economy Is Booming

The SPDR S&P 500 ETF Trust (NYSE: SPY) has taken a big hit so far in 2022. Negative U.S. GDP growth in the first quarter has investors increasingly spooked that inflation and aggressive Federal Reserve tightening could push the economy into a recession.

The Independent UK · May 10, 2022

Biden pushes 'ultra-MAGA' label on GOP as he defends record

President Joe Biden is warning voters unhappy with soaring inflation and his stalled domestic agenda against turning power over to “ultra-MAGA” Republicans in the midterm elections

StockNews.com · May 10, 2022

3 Stocks to Buy After Handily Beating Earnings Estimates

Given current market volatility due to concerns over the Fed's tighter monetary policy to tame surging inflation and fears of an economic slowdown, we think investors should consider buying stocks with sound fundamentals and solid growth attributes. Nutrien (NTR), Merck & Co (MRK), and Bunge (BG) recently reported promising quarterly…

WEKU · May 10, 2022

Biden names combatting inflation and rising costs as his top domestic priority

In an address from the White House Tuesday, President Biden contrasted his administration's plans to tackle rising costs with what he called Republicans' "ultra-MAGA" plan.

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Benzinga · May 10, 2022

Biden Says Inflation Is 'Top Economic Challenge': How He Compares GOP, Democratic Plans

President Joe Biden delivered remarks on his economic policies and the challenges being faced by the nation on Tuesday, ahead of this week’s most closely watched economic report. Here's what investors need to know.

StockNews.com · May 10, 2022

Should You Invest in the Tobacco Industry?

Despite many perceiving the tobacco industry as detrimental to society, most tobacco companies are investor favorites due to their extraordinary returns. Apart from their market-beating returns, these stocks are well known for their high dividend yields. Given an inelastic demand for products and high dividend payouts, this defensive industry looks…

Tribune News Service · May 10, 2022

Biden says inflation is ‘hurting’ US families, blames pandemic

WASHINGTON — President Joe Biden blamed high inflation on pandemic disruptions to the economy and Russia’s invasion of Ukraine, acknowledging that rising prices are “hurting” American families ahead of the November midterms.

The Guardian - AU · May 10, 2022

Industry warns ’small business can’t afford it’ after Albanese backs 5.1% minimum wage rise

Employers argue that excessive minimum pay increases will fuel inflation as unions call for ‘incredibly reasonable’ boost to meet cost of living pressures

The Independent UK · May 10, 2022

‘Look at their agenda’: Biden hits out at GOP as he touts plans to tackle inflation

‘I happen to think it's a good thing when American families have a little more money in their pockets at the end of the month. But Republicans in Congress don't seem to think so,’ Biden says

Axios · May 10, 2022

Biden: Inflation is "top domestic priority"

"Americans have a choice right now, between two paths, reflecting two very different sets of values."

StockNews.com · May 10, 2022

Key Topics That Will Influence Where the Market Goes Next

Today was a brutal day for the market and particularly for growth stocks. The S&P 500 (SPY) finished the day down more than 3% with growth stocks down even more as evidenced by Cathie Wood's ARK Innovation ETF dropping nearly 10%. And, this carnage continued in the after-hours session with…

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