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The Latest Breaking News from Inflation

Biden speaks in Las Vegas on prescription drug costs

LAS VEGAS — President Joe Biden on Wednesday urged lawmakers to work together to lower drug prescription costs for Americans.

Tribune News Service

Federal government to penalize AbbVie over the price of its blockbuster drug Humira

North Chicago-based drugmaker AbbVie must pay back Medicare for raising the price of its blockbuster drug Humira too quickly, the federal government said Wednesday.

Chicago Tribune

Thai Honda downgrades sales target

While the upcoming general election is expected to bring about an increase in motorcycle purchases, the Thai market is still affected by inflation which has caused the domestic sales target to be revised down to 1.75 million units this year, says Thai Honda Co.

Bangkok Post

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read the most diverse news in one place.

Tobacco price hikes explained as smokers face 15% increase from tonight

Jeremy Hunt has raised tobacco duty by the rate of inflation plus an extra two per cent.

Daily Record

Budget 2023 in graphs from fuel duty cut to energy price cap

Fuel duty cut? Energy bills support extended? Here are the figures behind Jeremy Hunt’s measures

The Independent UK

UK economy will take more than a year to recover to pre-Covid level, says OBR

Jeremy Hunt’s efforts to boost growth unlikely to prevent largest fall in living standards on record

The Guardian - UK

Alcohol duty increase ‘historic blow’ to wine and whisky industry

Chancellor’s budget signals end of blanket alcohol duty freeze, sending levies soaring in line with inflationBudget 2023: key points at a glanceWhat the budget means for people on a range of incomes

The Guardian - UK

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Fed gets more room to pause rate hikes after drops in producer prices, retail sales

U.S. producer prices and retail sales both declined in February, giving Federal Reserve officials more room to potentially pause interest-rate hikes as they weigh the impact of a banking crisis against inflation risks.

Tribune News Service

Budget 2023: Who are the winners and losers of changes to income tax, bills, pensions and childcare costs?

Packages of support are part of the plan to encourage more people back into employment, but will it work? Sean O’Grady asks

The Independent UK

BlackRock's Larry Fink sees the possibility of a broader banking crisis on the horizon: 'Are the dominoes starting to fall?'

Larry Fink, chief of the largest asset managers in the world, compared the SVB fallout to a "slow rolling crisis" similar to the Savings and Loan crisis.

Fortune

2 Stocks That Could Make Your Wealthier in the Next Decade

The stock market volatility is expected to remain due to consistent high inflation and the Fed's rate hikes. Amid this, investing in stocks with solid fundamentals and excellent dividend history, Coca-Cola (KO), and Cardinal Health (CAH) could ensure a stable source of income. Moreover, these stocks could help increase your…

StockNews.com

2 Big Problems the Feds Have to Overcome…

Lots has happened in the past two weeks and it has certainly been a bumpy ride for the S&P 500 (SPY). Just when it looked like hotter-than-expected data points were pushing us toward a 50-bps rate hike, we saw two banks collapse seemingly out of the blue in a single…

StockNews.com

Budget could add extra £30 cost to holidays as flight taxes set to rise

The impact of an in-line-with-inflation rise in Air Passenger Duty announced during Jeremy Hunt's budget will be felt most by those who can afford to fly long-haul to far away destinations

Daily Mirror

UK to avoid recession but see living standards 'drop to levels not seen since 1950s'

The UK economy is set to avoid a recession but people are still expected to face the biggest fall in living standards on record, according to the…

The National (Scotland)

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Wales Online

No recession, but Brits are still facing biggest ever fall in living standards

Things are looking better than thought, but it's still not rosy

StockNews.com

Don't Let These 2 Stocks Pass You by in 2023

With inflation remaining elevated, the Fed is expected to stay restrictive with its monetary policy. This is expected to keep the stock market volatile. Amid this backdrop, it could be wise for investors to buy fundamentally strong stocks AstraZeneca PLC (AZN) and General Motors Company (GM). Keep reading.

StockNews.com

Best Dividend Stocks to Buy? 3 Top Picks Right Now

The countdown to the FOMC meeting kicked off with a strong job report and sticky inflation, which is expected to keep market volatilities anchored for a while. Against this backdrop, quality dividend stocks Verizon Communications (VZ), Altria Group (MO), and Spok Holdings (SPOK) might be the right picks now for…

Daily Mirror

Budget 2023 calculator: See if you'll be better or worse off after Jeremy Hunt statement

Mirror Money editor Levi Winchester rounds up all the key personal finance announcements that appeared in the Budget today so you can see how they will impact your wallet

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Liverpool Echo

Budget 2023: Free childcare and nine other things you need to know

We round up the key announcements from Jeremy Hunt's budget

Daily Mirror

All Jeremy Hunt's Budget announcements at a glance - with all the nasty details

Tory Chancellor Jeremy Hunt unveiled his 2023 Budget with boosts for childcare, energy bills and a freeze on fuel duty. But the small print reveals Brits will see the biggest two-year decline in living standards since the 1950s. Here's what you need to know.

The Guardian - UK

SVB collapse may be start of ‘slow-rolling crisis’, warns BlackRock boss

Larry Fink tells investors more ‘shutdowns and seizures’ in US possible and predicts inflation and interest rates to rise

StockNews.com

3 Blue-Chip Stocks to Buy Now for Safe and Steady Returns

Although inflation shows continued signs of easing, it remains above the Fed’s comfort level. The Fed has indicated further rate hikes this year to bring inflation down, leading to recession concerns. In this scenario, it could be wise for investors to buy fundamentally strong blue-chip stocks Coca-Cola (KO), McDonald's (MCD),…

Evening Standard

Spring Budget 2023: Jeremy Hunt unveils dash for growth to beat slump

Chancellor raises hopes UK will avoid recession as inflation set to plunge

Tribune News Service

Allison Schrager: Don't make the same mistake as SVB with your 401(k)

The poor risk management at Silicon Valley Bank is stunning. But what went wrong is actually pretty common. There is often confusion about what makes a safe asset versus a risky one, and guessing wrong is often at the core of financial blow-ups. Safe assets, as we properly define them,…

Daily Mirror

Jeremy Hunt says UK won't enter recession this year - with inflation falling to 2.9%

The Tory Chancellor's 2023 Budget comes six months after the economic chaos inflicted on the country by 49-day PM Liz Truss's disastrous mini-Budget

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