Rates may need to rise further but ‘nothing is decided’, says Bank boss Bank of England governor Andrew Bailey said inflation is ‘much too high’ despite recent easing in the cost of living. The Independent UK · Mar 1, 2023
Reducing the age of Scotland’s ferry fleet will be ‘financially challenging’ Most recent figure to reduce the age of ferries to around 15 years was £1.4bn - but this has not been adjusted for recent inflation rises Insider UK · Mar 1, 2023
In Egypt, government and poor struggle with troubled economy Egypt is in an economic crisis worsened by the Russian invasion of Ukraine The Independent UK · Mar 1, 2023
A year into Ukraine war, food prices rise and aid drops in Niger Effects of the war are still being felt in one of the world’s poorest countries as inflated prices eat into budgets. Al Jazeera · Mar 1, 2023
More French people turn to food banks as inflation bites Some 2.4 million French people were benefiting from food aid at the end of 2022 – three times more than a decade ago – a study released this week found. More than a third of the beneficiaries are newcomers, a phenomenon tied to the sharp increase in inflation over the… Radio France Internationale · Mar 1, 2023
Inflation still the 'defining challenge' as Australia's economic activity slows Australia has recovered better than most from the COVID pandemic. As measured by gross domestic product (GDP), the economy is now 7% larger than it was before the pandemic. The Conversation · Mar 1, 2023
Shop prices hit record high – again – and show no signs of falling Food prices continue to rise despite overall inflation cooling in recent months The Independent UK · Mar 1, 2023
Afternoon Update: ‘Worst of inflation behind us’; China angry over TikTok bans; and why you should walk 11 minutes a day Australia’s economy loses steam as interest rates bite The Guardian - AU · Mar 1, 2023
Australian economy slows as families suffer Australia’s economy continued to slow over the final three months of 2022 as households tightened their belts, new official data has revealed. The New Daily · Mar 1, 2023
Australia’s annual inflation eases to 7.4% in January following record run of interest rate hikes Lower than expected inflation rate suggests worst of the price increases may be over The Guardian - AU · Mar 1, 2023
Cautious Optimism Despite Hotter Inflation… Last week was a rough one for the bulls. In fact, it was the worst week for the S&P 500 (SPY) so far in 2023... as every financial news site mentioned again and again. So this is obviously the start of the next leg lower... the major capitulation everyone has… StockNews.com · Mar 1, 2023
Investors: Beware the Ides of March! The ides of March (3/15) is famously known as the day Julius Cesar was assassinated. This year that date lines up with some key inflation reports that could be the death knell for the 2023 rally harkening the bear market to come back with a vengeance. Why is that? And… StockNews.com · Mar 1, 2023
Shop price inflation reaches record high, figures show Shop prices are now 8.4% higher than they were a year ago, up from an 8% increase in January, according to the BRC-NielsenIQ Shop Price Index. The Independent UK · Mar 1, 2023
Demystifying sticky Thai goods prices Thailand may be unique in handling the domestic prices of products and services. Whenever manufacturers and business operators shoulder higher production costs and ask state units for permission to raise their prices, the Internal Trade Department always rushes to call a joint meeting with them. Bangkok Post · Feb 28, 2023
Chronicle Live · Feb 28, 2023 Poorest shoppers are bearing the brunt of supermarket price hikes The cost of value groceries rose by 21.6% compared to 13.2% for standard and 13.4% for premium ranges in stores including Tesco, Asda and Sainsbury's
Tribune News Service · Feb 28, 2023 Target beats expectations with latest quarterly earnings despite plunging profits Retailer Target surprised Wall Street on Tuesday morning with an earnings report that beat expectations from both analysts and the company's own leaders.
StockNews.com · Feb 28, 2023 2 COVID-19 Stocks That are Still Darlings in 2023 The COVID-19 pandemic caused immense volatility in the stock market, further aggravated by high inflation and consecutive rate hikes by the Fed. Amid the uncertainties, healthcare stocks tend to provide some hedge. We think COVID-19 darlings Pfizer (PFE) and Gilead Sciences (GILD) are still worth buying. Continue reading.
StockNews.com · Feb 28, 2023 2 Stocks to Buy Hand Over Fist This Year Last week, the market suffered a dismal week due to increasing signs that inflation pressures aren’t cooling off as quickly as anticipated. Moreover, the likelihood that the Federal Reserve will continue its painful rate hikes campaign for longer has increased. Given this backdrop, we think fundamentally sound quality stocks Nokia…
Leeds Live · Feb 28, 2023 Leeds teachers 'haven't got much left' as they join huge rally and strike Anita Smith, who has been teaching for 30 years, said "we're doing more with less every year"
Chronicle Live · Feb 28, 2023 Hundreds of teachers take to the streets of Newcastle to demand better pay and conditions Teachers took over Newcastle's Monument this lunchtime to demand a pay rise in line with inflation that doesn't come from school budgets
Kiplinger · Feb 28, 2023 The Best ETFs to Buy and Hold for the Long Term The best ETFs feature structural characteristics that make them good buy-and-hold options for a wide variety of investors for the long term.
AAP · Feb 28, 2023 Australia's economy grows 0.5 per cent in Dec quarter Australian Bureau of Statistics figures show the domestic economy expanded by 0.5 per cent in the fourth quarter, which was softer than expected.
Manchester Evening News · Feb 28, 2023 All the major changes affecting your money in March Many people's financial situations will likely be impacted by a series of changes throughout March
StockNews.com · Feb 28, 2023 3 Large-Cap Stocks Ready for a Bull Run The stock market is anticipated to remain volatile due to stubbornly high inflation and the Fed’s rate hikes. Large-cap stocks tend to be safer investments amid market uncertainties. So, fundamentally sound large-cap stocks, AbbVie (ABBV), The Coca-Cola Company (KO), and Oracle (ORCL), which look poised for a bull run, might…
Evening Standard · Feb 28, 2023 Ocado needs more deals and less egg on face City Comment: A world in which food inflation is blazing at 17.1% can only be good for the Aldis and Lidls of this world — but terrible for the Ocados