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The Latest Breaking News from Inflation

Energy cap leap looks to be moment when UK recession fears turn into reality

Rocketing gas and electricity prices may usher in some benefits – but none will have much impact this winter

The Guardian - UK

Egypt's Economy Grows 6.6 % in 21/22

Egypt's economy grew 6.6 percent during the fiscal year 2021/2022, compared to a growth rate of 3.3 percent in the previous year, announced the Minister of Planning Hala al-Said. During a cabinet meeting in New Alamein City, Said reviewed indicators of the national economy's performance during the last fiscal year.…

Asharq Al-Awsat

Fake Ofgem energy bill rebate scheme emails prompt warning

Cybercriminals are using the rocketing rates of inflation as a way to target those who are most vulnerable

Wales Online

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Cost of living: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The Independent UK

Dutch railway workers go on strike for higher pay over soaring costs

Dutch railway workers have gone on strike on Friday in the western part of the country, the most populated one, as they seek pay increases to compensate for sky-rocketing inflation.

Reuters

Herschel Walker skips details in bid to oust Raphael Warnock

Republican Georgia Senate candidate Herschel Walker has plenty to say about how his Democratic rival, Sen. Raphael Warnock, does his job in Washington

The Independent UK

Wesfarmers lifts dividend, beats estimates

KMart and Bunnings owner Wesfarmers has delivered a better-than-expected dividend and forecast a strong outlook despite inflationary concerns.

AAP

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Powell's Jackson Hole speech will stir speculation on rates

When Federal Reserve Chair Jerome Powell delivers what will be his most closely scrutinized speech of the year Friday, investors and economists will be turning over his remarks for any clues about how fast the Fed may continue to raise its short-term interest rate — and for how long

The Independent UK

Why the Fed’s Jackson Hole Meeting Could Affect the Bull vs. Bear Debate.

Usually, Thursdays are a great day for commentaries, because Fridays tend to be low-volatility and volume days. Occasionally, this isn’t the case like today for instance. Tomorrow, there is the inflation report and Chair Powell’s speech at Jackson Hole. Both of these are going to be major factors in determining…

StockNews.com

No risk to India’s rating from high dollar, prices: S&P

NEW DELHI: Global ratings agency Standard Poor’s (SP) has said that high commodity prices and stronger dollar do not pose a risk to India’s credit rating as India is in a position of strength.

The Times of India

The PS5 got a price hike in several regions

Due to global inflation, Sony is making the PS5 more expensive in Europe, Canada, and several other markets.

USA Today Sports Media Group

The clean energy race is on but it needs investment

The United States has entered the clean-energy race in a big way with the Inflation Reduction Act (IRA) of 2022. Not only will the law subsidise US renewable-energy producers and consumers to the tune of US$369 billion (13 trillion baht) over 10 years; it also authorises the Department of Energy…

Bangkok Post

Hot Take: Will Biden's Student Loan Forgiveness Drive Inflation Higher?

Student loan forgiveness has become a reality for the roughly 48 million Americans currently in debt. President Joe Biden said in a speech on Wednesday the student loan payment moratorium would be continued for one final time through Dec. 31.

Benzinga

Are Macy's and Nordstrom, Inc. Worth Adding to Your Shopping Bag?

Amid the recessionary concerns and slowing economy, signs of easing inflation might boost retail demand. However, with retail sales coming in flat in July, are Macy's (M) and Nordstrom (JWN) worth adding to your shopping bag? Let's find out….

StockNews.com

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Benzinga

We Are Not In A Recession And Inflation Is The Reason Why, Says Nobel Prize-Winning Economist

Richard Thaler is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. Thaler researches decision-making psychology, which bridges the gap between economics and psychology, as well as behavioral finance and economics.

WEKU

What our shopping choices say about the U.S. economy

Here's what we learned from a hectic spate of financial report cards shared by top U.S. retailers.

Evening Standard

Boris Johnson takes shot at ‘ruinous’ union bosses during Kyiv trip

Outgoing Prime Minister lashes out at those driving strikes in the face of mounting inflation

The Independent UK

Johnson takes shot at ‘ruinous’ union bosses during Kyiv trip

Outgoing Prime Minister lashes out at those driving strikes in the face of mounting inflation.

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news in one place.

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The National (Scotland)

Teachers to be balloted on strike action as union rejects latest pay offer

TEACHERS in Scotland will be balloted on taking industrial action after a leading union rejected the latest pay offer.

StockNews.com

2 Undervalued Stocks With Solid Growth Potential

As the elevated inflation and a potential hawkish Fed could keep the market under pressure, investing in McKesson (MCK) and ADT (ADT), which possess solid growth prospects and are currently trading at discounts to their peers, could be wise. Read on….

StockNews.com

2 Stocks to Sell Before They Fall Even Further

The stock market is expected to remain under pressure on concerns over the Fed’s future interest rate hikes to tame the elevated inflation. Therefore, investors should avoid fundamentally weak stocks Riot Blockchain (RIOT) and fuboTV Inc. (FUBO) as they are expected to tumble further. Read on….

Reason

If Biden's Trade Policy Was Really Driven by 'Equity,' Trump's Tariffs Would Already Be Gone

Tariffs are a regressive tax that have driven inflation higher and harm poorer families the most.

Input

Sony hikes PS5 price right as console shortage slows

Sony blames inflation as it increases the price of the PS5 by as much as €50 in European and Asian markets.

The Independent UK

Tram workers to stage three-day strike in dispute over pay

Aslef says drivers have been offered a 3% rise while inflation is above 12%.

InsideEVs

Here's How Ford F-150 Lightning Prices Are Impacted By New Tax Credit

Ford announced that it's raising prices for its F-150 Lightning electric truck. Moreover, the Inflation Reduction Act's EV tax credit hurts more than it helps.

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