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The Latest Breaking News from Inflation

Russia’s war on Ukraine heats up cooking oil prices in global squeeze

Global cooking oil prices have been rising since the COVID-19 pandemic began, and Russia’s war in Ukraine has sent costs spiraling, another rising cost as inflation soars.

Chicago Sun-Times · Apr 27, 2022

Teachers stage walkout of Sydney school ahead of visit by NSW Premier Dominic Perrottet

Tensions between the NSW government and its public school teachers reached a flashpoint this morning when 40 teachers walked out of a Sydney school moments before the arrival of Premier Dominic Perrottet.

ABC News · Apr 27, 2022

Brexit has caused UK food prices to rise 6% as cost of living crisis deepens, study says

Trade friction has ‘clear and robust’ impact on supermarket prices, say economists

The Independent UK · Apr 26, 2022

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Food bank demand soars in pandemic with 830,000 parcels given to children as ‘life is nothing but struggle’

‘I have days when I’ve not even wanted to be here anymore because I don’t feel I can face life now,’ one new food bank user says

The Independent UK · Apr 26, 2022

Alphabet revenue falls short as YouTube and TikTok battle for users

Supply issues, inflation and war in Ukraine fuel Google parent company’s first-quarter struggles

The Guardian - US · Apr 26, 2022

Meal kit business Gousto says inflation won’t derail rapid growth

The boss of London-based meal kit subscription business Gousto believes his business can keep growing rapidly despite the soaring inflation that is squeezing customer budgets and putting up his costs.

Evening Standard · Apr 26, 2022

How Higher Rates Could Continue to Negatively Impact the Market

Last week, we noted that the S&P 500 (SPY) was "leaking" lower, but there were still some pockets of strength. Well this past week, those pockets of strength also got crushed. The bull case has been that the economy would be strong enough to withstand the negative effect of higher…

StockNews.com · Apr 26, 2022

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Tesco confirms major change to Clubcard points and vouchers system

The supermarket's popular Clubcard system is undergoing a shake-up which will come into effect next month

Liverpool Echo · Apr 26, 2022

How should Joe Biden and Democrats address inflation before November? Experts respond

If president can’t get control of inflation and help working families, ‘Trump will have a certain “I told you so” vote’ in 2024

The Independent UK · Apr 26, 2022

Labor says households face ‘triple whammy’ after CPI shock – as it happened

This blog is now closed

The Guardian - AU · Apr 26, 2022

Teacher salaries dropped to lowest in decade during pandemic

As teachers navigated the daunting task of shepherding students through a public health and education crisis, their average pay dropped to the lowest in at least a decade.

Tribune News Service · Apr 26, 2022

Senate confirms Brainard as Fed vice chair but COVID-19 trips Democrats on Cook vote

The Senate voted 52-43 Tuesday to confirm Lael Brainard, a member of the Federal Reserve board, to become vice chair, but fell short of the votes needed to move forward with Lisa Cook’s nomination to join the board.

Tribune News Service · Apr 26, 2022

Tisco sounds recession alarm on Fed interest rate hikes

The Federal Reserve could raise interest rates to 3.5% by the middle of next year to curb spiralling inflation, tipping the world economy into a recession, according to the Economic Strategy Unit of Tisco Financial Group (Tisco ESU).

Bangkok Post · Apr 26, 2022

Morning mail: rent increases outstrip government assistance, inflation set to hit 4.5%, life-drawing’s new era

Wednesday: Rental prices rise by up to 20.2%, while rent assistance increases only 4.5%. Plus: how life drawing became more inclusive

The Guardian - AU · Apr 26, 2022

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ABC News · Apr 26, 2022

The Loop: New country could be flashpoint in Ukraine war, inflation figure warning, and wholesome NBA moment

Here's your TL;DR for this morning's news.

Liverpool Echo · Apr 26, 2022

Primark warns shoppers ahead of changes to its autumn and winter clothes

The fashion retailer has warned it will increase costs on its autumn and winter collection

The Independent UK · Apr 26, 2022

Brainard wins Senate confirmation to be Fed's vice chair

The Senate confirmed the nomination of Lael Brainard to a four-year term as vice chair of the Federal Reserve, elevating her to the Fed’s No. 2 post in the midst of the central bank’s toughest fight against inflation in four decades

Benzinga · Apr 26, 2022

Winpak Clocks 23% Revenue Growth In Q1

Winpak Ltd. (TSX:WPK) (OTC:WIPKF) reported first-quarter revenue growth of 22.8% year-over-year to $275.98 million. Selling price and mix changes had a favorable effect on revenue of $51.4 million as the substantial increase in raw material and other costs throughout 2021 resulted in higher selling prices to customers. Gross margin expanded by…

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Benzinga · Apr 26, 2022

Ecolab Q1 Bottom-Line Matches Street View; Clocks 13% Sales Growth

Ecolab Inc (NYSE:ECL) reported first-quarter FY22 sales growth of 13% year-on-year to $3.27 billion, beating the consensus of $3.20 billion. Sales from Global Industrial rose 12%, Global Institutional & Specialty climbed 19%, Global Healthcare & Life Sciences grew 29% Y/Y in fixed currency. Adjusted EPS of $0.82 was in-line with the analyst consensus. Selling,…

StockNews.com · Apr 26, 2022

Do Not Buy the Dip: Grab Holdings and Wayfair

The stock market has suffered massive selloffs of late on growing worries about logistical disruptions, rising energy prices, galloping inflation, and forthcoming federal interest rate hikes. While stock price dips can offer attractive entry points to quality names, we think it could be wise to avoid fundamentally weak Grab Holdings…

Benzinga · Apr 26, 2022

Low-Income Consumers Growing Increasingly Optimistic, But Sentiment Among The Wealthy Tumbles

U.S. economic growth is strong, and the economy and labor market are finally back to firing on all cylinders following the COVID-19 pandemic.

Tribune News Service · Apr 26, 2022

Manchin and Schumer discuss new tax hike, deficit cut proposal

WASHINGTON — Key holdout Sen. Joe Manchin said Tuesday he discussed a tax increase and deficit reduction bill with Senate Majority Leader Chuck Schumer as a way to reduce soaring inflation.

Benzinga · Apr 26, 2022

Here's Why Analysts Were Impressed Post Cadence Design Systems' Q1 Performance

Cadence Design Systems, Inc (NASDAQ:CDNS) impressed analysts post Q1 beat. Baird reiterated Outperform rating on Cadence, adjudging it as a top idea. All business groups saw strength, with recurring revenues increasing 19% YoY (led by Digital and System Design) and upfront revenues rising 49% YoY. FY22 outlook raised given 1Q strength, upside in 2Q,…

StockNews.com · Apr 26, 2022

2 Mid-Cap Stocks Down 25% to Buy Now

Investor concerns over rising inflation, the possibility of aggressive interest rate increases, and rising COVID-19 cases in China caused major benchmark indexes to tumble last week. So, given the current market volatility and unpredictable macroeconomic environment, we think investors should consider investing in fundamentally sound mid-cap stocks Bruker (BRKR) and…

StockNews.com · Apr 26, 2022

2 Dividend Aristocrats That Yield More Than 4%

Concerns about surging inflation and interest rate hikes are weighing on investors and extending the market’s correction. Amid any market downturn, dividend stocks are considered sound investments to ensure a steady portfolio income stream. Thus, we believe high-yield dividend stocks Exxon (XOM) and International Business (IBM) might be safe bets…

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