UK consumer confidence even lower than in 2008 financial crisis Slowdown in retail sector feared as public gripped by pessimism about the economy as well as personal finances The Guardian - UK · Apr 21, 2022
FTI wants diesel tax cut extended The Federation of Thai Industries (FTI) is calling on the government to extend the diesel excise tax reduction for another three months to slow soaring energy prices and give businesses and households more time to adjust to higher manufacturing and living costs. Bangkok Post · Apr 21, 2022
Asean must seize new opportunities As Asean economies continue their path to safely reopening and getting back to business, they must also manage growing economic challenges and identify how best to seize new opportunities for a resilient, inclusive, and sustainable recovery. Bangkok Post · Apr 21, 2022
Is The Dollar Still The Gold Standard Of Currencies? After trillions of dollars of U.S. government stimulus spending since the beginning of 2020 and with inflation running at its highest levels in more than 40 years, some investors are understandably growing concerned that "dollar debasement" is threatening the U.S. dollar's long-standing position as the world's preferred reserve currency. Benzinga · Apr 21, 2022
5 Large-Cap Growth Stocks to Sell Now Concerns over high inflation, supply chain disruptions, and rising COVID-19 cases are expected to keep the stock market volatile for an extended period. While the increased focus on domestic production should help the economy recover, the rate is expected to decelerate. Therefore, large-cap growth stocks Snowflake (SNOW), PayPal (PYPL), DoorDash… StockNews.com · Apr 21, 2022
Fans of Nestle's Shreddies and KitKats warned more price hikes may be on the horizon Swiss food and beverage corporation Nestle has said it is battling steep cost inflation, which is expected to result in higher prices for Brit lovers of the brand's cereals and chocolate bars Daily Mirror · Apr 21, 2022
Powell reinforces expectations of sharp rate hike next month The Federal Reserve must move faster than it has in the past to rein in high inflation, Chair Jerome Powell said, signaling that sharp interest rate increases are likely in the coming months, beginning at the Fed’s next policy meeting in May The Independent UK · Apr 21, 2022
Inflation drives up Passover food prices for US Jews Some U.S. Jewish families observing Passover are struggling to pay for matzo, eggs and gefilte fish as soaring inflation drives up prices during one of the most important Jewish holidays The Independent UK · Apr 21, 2022
Global energy crisis, Russia invasion eclipse Biden climate goals As a candidate, Joe Biden made climate change a pillar of his campaign for the White House, promising to decarbonize the U.S. economy, end drilling on public lands, and lead the world in a historic shift away from fossil fuels. Reuters · Apr 21, 2022
Bank of England policymaker says rates could rise again in May Catherine Mann argues that soaring energy and food prices will persist even if consumer demand weakens The Guardian - UK · Apr 21, 2022
Inflation And Tech Earnings Set To Rattle Many Markets Next Week Next week, the largest market events will centre on inflation, with Australia and the European Area updating the market as to their respective rising consumer prices. Wednesday, April 27, 2022 Australia Inflation Rate YoY Q1 Benzinga · Apr 21, 2022
5 Enticing Food Stocks to Sink Your Teeth Into Food prices have been skyrocketing of late, driven by the Ukraine-Russian war, soaring inflation, supply chain disruptions, and high labor costs. And because food prices are poised to rise further given the volatile macroeconomic backdrop, we think it would be wise to now bet on popular food stocks Tyson Foods… StockNews.com · Apr 21, 2022
Raising F1 budget cap would ‘tilt playing field’, claims Alpine team chief The Alpine team principal has rejected calls to revise the regulations, with Haas and Alfa Romeo also understood to oppose the change The Guardian - UK · Apr 21, 2022
Housing Beat: Mortgage Rates Break The 5% Level; Buyers Settle On Smaller Homes The latest U.S. housing and mortgage data points to rates continuing their dizzying rise, fewer homes being sold and prospective buyers agreeing to purchase smaller properties. Benzinga · Apr 21, 2022
StockNews.com · Apr 21, 2022 Is Truist Financial a Good Regional Bank Stock to Own? To tame multi-decade high inflation, the Federal Reserve has hinted at raising the interest rates aggressively this year. U.S. Treasury yields are also hitting new highs. This environment will help banks generate more interest income. So, the question becomes, with solid revenue and earnings growth potential, is it wise now…
Manchester Evening News · Apr 21, 2022 Kitkat and Shreddies maker Nestle warns of price rises The war in Ukraine could further drive prices on a variety of Nestle-owned products
The Independent UK · Apr 21, 2022 Average long-term US mortgage rates highest in 12 years Long-term U.S. mortgage rates rose for the seventh straight week, climbing to their highest level in more than a decade
The Independent UK · Apr 21, 2022 Nestle expects to hike prices further as inflation grows The KitKat and Shreddies maker said it has already increased prices by more than 5 per cent over the first three months of 2022
StockNews.com · Apr 21, 2022 4 Rock-Solid Dow Jones Stocks to Buy and Hold Despite volatile market conditions owing to the Russia-Ukraine war, supply chain bottlenecks, high inflation, and imminent aggressive federal interest rate increases, the Dow Jones Industrial Average has managed to advance over the past month on an improving labor market and strong corporate results. So, we think it could be wise…
The Conversation · Apr 21, 2022 Kashmir: what happens after Imran Khan’s downfall? Since Imran Khan was ousted as prime minister of Pakistan on April 9, the future of the long disputed and war-torn Kashmir region, on the borders of India and Pakistan, is at the forefront of many minds.
Benzinga · Apr 21, 2022 Pool Corp Q1 Earnings Smashes Estimates Aided By High Demand For Outdoor Living Products Pool Corp (NASDAQ:POOL) reported first-quarter FY22 sales growth of 33% year-on-year, to $1.41 billion, beating the consensus of $1.27 billion. Revenue growth was supported by strong demand for outdoor living products in addition to elevated price inflation of approximately 10% to 12%. EPS of $4.41 beat the consensus of $3.15. Gross profit increased…
Glasgow Live · Apr 21, 2022 EDF customers who can't pay bills urged to apply for new grant EDF Energy have made more money available to help households who are struggling financially with the rising cost of energy - this comes as the rate of inflation hit seven per cent.
StockNews.com · Apr 21, 2022 Is Coterra Energy a Good Oil & Gas Stock to Invest In? Rallying oil and gas prices amid a tight supply outlook has helped Coterra Energy (CTRA) register solid gains. However, considering the International Monetary Fund's (IMF) bearish global economic growth outlook, is CTRA well-poised to maintain its gains? Keep reading to learn our view.
Reuters · Apr 21, 2022 Lights go out on Erdogan rival who refused to pay soaring power bills The leader of Turkey's main opposition party said on Thursday that he will sit in the dark for a week after power had been cut at his home as he refused to pay his bills in protest of steep hikes in subsidised energy prices.
The Guardian - UK · Apr 21, 2022 Nestlé says more price rises are coming after 5.2% increase KitKat and Nescafé owner blames surge in cost of ingredients, energy, labour and transport