November dates for benefits, pensions and cost of living payments Inflation very gradually easing but many households still struggling The Independent UK · Nov 4, 2023
Berlin's famed nightclubs, losing customers, face an uncertain future Inflation, a weak economy and declining numbers of club-goers all challenge the clubs' viability. Club owners are seeking protected status, similar to what Berlin's opera companies enjoy. WEKU · Nov 3, 2023
Small Business Owners Show Resilience Amid Economic Concerns And Adapt To Inflation Small business owners confident in face of economic uncertainty, adapt to inflation and embrace digital solutions Zenger · Nov 3, 2023
Mullen Automotive (MULN) and Ford Motor Co. (F): Which Road Will These Auto Stocks Take in November? Auto sales, impacted by inflation and supply chain issues, are expected to recover due to reduced inflation and improved supply chains. Is it a wise move to invest in Ford Motor Company (F) and Mullen Automotive (MULN) at this point? Keep reading. StockNews.com · Nov 3, 2023
Gen Z Saves Less, Feels Better About Retirement Gen Z saves less money than older groups due to inflation, but remains more optimistic about having enough to get by in retirement, study shows. Kiplinger · Nov 3, 2023
SPY vs. PAPR: Bullish or Bearish? While the Fed is expected to keep interest rates higher for longer, recent robust economic data reinforced the optimism that the economy could avoid a recession. Given the market’s improving outlook, let’s determine whether investors should be bullish or bearish on large-cap ETFs SPDR S&P 500 ETF Trust (SPY) and… StockNews.com · Nov 3, 2023
Jobs Growth Slowed Sharply in October: What the Experts Are Saying A soft jobs report keeps the Fed on track to leave interest rates unchanged next month. Kiplinger · Nov 3, 2023
Santa Claus Rally for Stocks Came Early? Stocks have found a bottom after a nasty 3 month correction. Helping matters was statements by Fed Chairman Powell on Wednesday with stocks roaring higher ever since including a decisive break above the 200 day moving average for the S&P 500 (SPY). No doubt we want to know what this… StockNews.com · Nov 3, 2023
Cathie Wood is betting on Bitcoin, saying the ‘digital gold’ is more deflation-proof than traditional assets Cathie Wood, CEO of ARK Invest, said she'd bet on Bitcoin over gold or cash in the next 10 years. Fortune · Nov 3, 2023
3 Inverse Bond ETFs to Buy in November for Safety The stock market could be on shakier ground with the increasing probability of higher-for-longer interest rates and concerns about how long the economy can maintain its resilience. Hence, top inverse bond ETFs ProShares UltraShort 20+ Year Treasury (TBT), Direxion Daily 20+ Year Treasury Bear 3x Shares (TMV), and ProShares Short… StockNews.com · Nov 3, 2023
US jobs report for October could show solid hiring as Fed watches for signs of inflation pressures America’s employers likely kept hiring at a healthy pace last month, defying high interest rates, rising pressure on consumers and labor strikes that idled big swaths of the nation’s auto industry The Independent UK · Nov 3, 2023
Politicians are using culture war as distraction tactic, poll finds Ahead of general election, top issues people said would determine their vote include cost of living, inflation, NHS and social care The Independent UK · Nov 3, 2023
Slowing momentum: On palpable softening in economic momentum Policymakers have their task cut out to surmount the twin challenges of slowing growth and persistent inflation The Hindu · Nov 2, 2023
Bank of England holds interest rates at 5.25 per cent as zero growth forecast until 2025 Governor Andrew Bailey said it was “much too early” to think about cuts to interest rates The Independent UK · Nov 2, 2023
Zenger · Nov 2, 2023 Cathie Wood Harps On Deflation Risk After Fed’s Powell Tones Down Inflation Commentary — Says These Investment Bets Will Be ‘Biggest Beneficiaries’ Cathie Wood said a deflationary trend is playing out,and highlighted long-term stocks and bonds as best bets in such environment
The Independent UK · Nov 2, 2023 Hold the olive oil! Prices of some basic European foodstuffs keep skyrocketing Olive oil is continuing its staggering rise in prices in Europe
Fortune · Nov 2, 2023 Gen Z and millennials have found a lucrative new hobby thanks to skyrocketing luxury prices: Flipping designer handbags A perfect storm of scarcity, inflation, and pandemic savings have pumped up the prices of super-luxe bags. Young shoppers are diving into the market.
The Independent UK · Nov 2, 2023 Bank of England keeps main UK interest rate at 15-year high of 5.25% and cautions over oil prices The Bank of England kept its main interest rate unchanged at the 15-year high of 5.25% and indicated that borrowing costs will likely remain at these sort of elevated levels for a while yet especially if oil and gas prices increase sharply in light of the conflict between Israel and…
The Independent UK · Nov 2, 2023 US applications for jobless benefits inch higher but remain at historically healthy levels The number of Americans applying for jobless benefits inched up last week but remains low by historical standards, even with the Federal Reserve’s aggressive interest rate hikes meant to cool the economy and taper lingering inflation
Evening Standard · Nov 2, 2023 OPINION - Andrew Bailey: Interest rates will need to stay high for some time In exclusive article for the Standard the Bank of England Governor warns there is still a long way to go in the fight against inflation
The Guardian - UK · Nov 2, 2023 Despite the Bank of England’s hawkish tone, the next interest rate move is likely down With a weak economic outlook and shrinking inflation the Bank risks leaving rates too high for too long
The Guardian - UK · Nov 2, 2023 Bank of England warns of recession risk in run-up to expected election next year Interest rates left unchanged at 5.25% as Bank signals 50-50 chance of recession by mid-2024
The Guardian - UK · Nov 2, 2023 Sainsbury’s declares it is winning back Lidl and Aldi customers Chief says firm making record gains in market share after passing on savings to shoppers with discounted groceries
France 24 · Nov 2, 2023 Federal Reserve holds interest rates steady as US economy charges ahead The US central bank maintains its pause on raising interest rates, while leaving the door open for future hikes, as inflation remains well above its 2 percent target. Also, 28 countries and the EU sign the "Bletchley Declaration" calling for international cooperation on ensuring AI safety. Plus the fate of…
The Conversation · Nov 2, 2023 Grattan on Friday: Treasurer Jim Chalmers pumps up his role in energy transition Jim Chalmers – as if he doesn’t have enough on his plate – is marching into the centre of energy policy.