Payrolls, Prices, Productivity and Profits Hold the Answer to the Puzzling US Economy A look at the four variables that will tell us whether the country dodges a recession or becomes mired in stagflation. Businessweek · Jun 8, 2023
Stocks Mixed Before the Open as Investors Weigh Interest Rate Outlook June S&P 500 futures (ESM23) are up +0.08%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.10% this morning after three major U.S. benchmark indices finished the regular session mixed as an unexpected Bank of Canada rate increase forced investors to recalibrate their expectations regarding the Federal Reserve interest… Barchart · Jun 8, 2023
RBI keeps repo rate unchanged at 6.5 per cent as inflation softens Repo rate refers to the interest rate at which the RBI lends to commercial banks. Read further on Dynamite News: Dynamite News · Jun 8, 2023
More mortgage pain for Irish householders as ECB plots further rate increases The Central Bank has also warned that the risks facing the Irish financial system have increased as inflation is weighing heavily on the global economy. Irish Mirror · Jun 8, 2023
The Debt Ceiling Deal Does Not Go Nearly Far Enough Projections of huge savings are making the rounds. Nothing could be further from the truth. Reason · Jun 8, 2023
Australian Ballet dancers begin industrial action over pay dispute: ‘They’re living on tuna and rice’ Performers still reeling from the pandemic aren’t ruling out a strike, as the company refuses to guarantee their pay will keep pace with inflation The Guardian - AU · Jun 8, 2023
Households fretting over power bills as costs rise High inflation has sent the cost-of-living soaring and many Australian households under strain, the latest Energy Consumers Australia sentiment survey shows. The New Daily · Jun 8, 2023
Downturn in permanent jobs softens in May Temporary vacancies fall for the fifth month running, while starting salary inflation eases to a 27-month low Insider UK · Jun 7, 2023
Coalition delays seen as threat to growth The private sector is concerned that Thai GDP growth could decline to 1-2% if the formation of the new government is delayed from the timeline by six months or more. Bangkok Post · Jun 7, 2023
Israel Adesanya wants UFC to increase bonuses: ‘Inflation has been going up’ Israel Adesanya thinks the UFC needs to increase the amount they hand out for bonuses. USA Today Sports Media Group · Jun 7, 2023
Where next for food price inflation? City Voices: No chance for lower prices any time soon Evening Standard · Jun 7, 2023
The legal aid sector is collapsing and millions more may soon be without access to justice – new data The UK government has announced changes to legal aid access in England and Wales, updating means test thresholds to account for inflation. These thresholds are the maximum amount of capital or income that a person can have to be eligible for legal assistance at public expense. The Conversation · Jun 7, 2023
3 Insurance Stocks Every Investor Wants Despite inflationary pressures, the insurance industry is poised to thrive in the foreseeable future, showing significant prospects in its property and casualty segment. Therefore, quality insurance stocks AXIS Capital Holdings (AXS), Loews Corporation (L), and Global Indemnity Group (GBLI). Read on…. StockNews.com · Jun 7, 2023
Rishi Sunak will accept a recession if necessary to get inflation rates down Rishi Sunak has backed interest-rate hikes to calm inflation even if they increase the risk of the UK entering a recession. The Independent UK · Jun 7, 2023
The Independent UK · Jun 7, 2023 Rishi Sunak says control of nation’s finances will help ease mortgage pressure The Prime Minister said it would be ‘very damaging for people’s mortgages’ if the Government was irresponsible with the public finances.
The Guardian - AU · Jun 7, 2023 Australia in ‘retail recession’ as inflation and rate hikes hit spending, says report With a 0.6% slump in turnover in the March quarter expected to continue, Deloitte forecasts a broader ‘consumer recesssion’ later this year
Businessweek · Jun 7, 2023 Erdogan’s Wall Street Guy Is Back to Replenish Wiped-Out Coffers Investors soured on Turkey’s contrarian economic policies. New Finance Minister Mehmet Simsek might just be able to bring enough of them back.
The New Daily · Jun 7, 2023 Economy slows to a crawl as consumers cut spending Australia’s economy is slowing rapidly as families slash spending and raid their savings to deal with the cost of living crisis.
The Week · Jun 7, 2023 Has Saudi Arabia lost control of oil prices? Saudi Arabia has risked divisions within Opec, inflaming tensions with the US and reigniting inflation in Europe, all in a bid to boost flagging oil prices.
Fortune · Jun 7, 2023 The 20 priciest cities for expats in 2023 It's bad news for workers dreaming of uprooting to the Big Apple.
Evening Standard · Jun 7, 2023 Squeeze on real wages in UK to last until Christmas, say OECD economists UK economic growth also lagging behind many other wealthy nations
Bangkok Post · Jun 7, 2023 OECD lifts world GDP growth forecast to 2.7% PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".
The Conversation · Jun 7, 2023 Going down: the 6 graphs that show Australia's economic growth shrinking The latest national accounts tell us Australia’s economy grew by just 0.2% in the three months to March.
The National (Scotland) · Jun 7, 2023 UK to have one of the highest inflation rates of any developed economy, OECD warns THE UK will have one of the highest inflation rates of any major developed economy this year, the Organisation for Economic Co-Operation and…
The Independent UK · Jun 7, 2023 Persistent inflation, rising interest rates will weigh on global economy, OECD predicts The global economy is bouncing back from an an energy price spike fed by Russia's invasion of Ukraine