Which European nations are handling the energy crisis best? France, Spain, Germany, Italy and Greece are doing some things right, but face challenging times ahead, say experts. Al Jazeera · Dec 20, 2022
Strikes: Nurses’ union leader urges Government to ‘do the decent thing’ The RCN has asked for a 5% above-inflation pay rise but Health Secretary Steve Barclay has declined to discuss pay when meeting union officials. The Independent UK · Dec 20, 2022
Reserve Bank warns of more interest rate rises and ‘large increases in rents’ amid inflation crisis RBA’s final meeting minutes reveal concerns about higher spending over summer holidays without Covid restrictions The Guardian - AU · Dec 20, 2022
Exodus of more than half a million from workforce ‘puts UK economy at risk’ Loss of employees since Covid raises fears of weaker growth and higher inflation, says Lords report The Guardian - UK · Dec 20, 2022
3 Commodity Stocks to Add to Your Watchlist for 2023 Inflation continues to remain significantly higher than the Fed’s target. Commodity stocks tend to provide a hedge against inflation. Thus, quality commodity stocks Rio Tinto (RIO), Vale (VALE), and Mosaic Company (MOS) could be worth adding to your watchlist for 2023. Keep reading…. StockNews.com · Dec 19, 2022
EU Countries Agree Gas Price Cap to Contain Energy Crisis European Union energy ministers on Monday agreed a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis. The cap is the 27-country EU's latest attempt to lower gas prices that have pushed citizens'… Asharq Al-Awsat · Dec 19, 2022
2 Ultra-Safe Stocks to Buy as Recession Fears Grow The Fed’s hawkish tone despite the recent slowdown in inflation has re-instilled recessionary fears. However, food stocks could be a cushion in such hazy times due to the inelastic demand for their products. Hence, fundamentally robust stocks Kellogg (K) and Flowers Foods (FLO) might be ultra-safe additions to your portfolio.… StockNews.com · Dec 19, 2022
Powell puts US pay hikes at heart of Fed’s 2023 inflation fight Federal Reserve Chair Jerome Powell has a new North Star to guide his fight against inflation, and it will put American paychecks at the heart of monetary policy next year. Tribune News Service · Dec 19, 2022
‘My balance is on zero’: young Europeans on their first experience of inflation High rents, low pay and spiralling food costs have left younger workers struggling to make ends meet and worried about the future The Guardian - UK · Dec 19, 2022
Christmas tree demand remains high despite inflation Americans are cutting back on spending in some areas this holiday season The Independent UK · Dec 19, 2022
Penny Stocks to Buy? 3 Under $4 to Add to Your Portfolio Now As investors eye a year-end rally amid cooling inflation and the Fed’s slower rate hike this month, it could be worth investing in fundamentally sound penny stocks Waterdrop (WDH), Overseas Shipholding Group (OSG), and Good Times Restaurants (GTIM), which are trading under $4. Read on…. StockNews.com · Dec 19, 2022
Record U.S. investments in infrastructure mustn’t remain unused for another year Funds earmarked for infrastructure projects have been devalued by inflation. We need an expedited process, according to The Conference Board. Fortune · Dec 19, 2022
Inflation is pushing California’s minimum wage up. Here’s what it will be in 2023. This January, California’s minimum wage will rise to $15.50. Tribune News Service · Dec 19, 2022
Inflation, unemployment, the housing crisis and a possible recession: Two economists forecast what's ahead in 2023 With the current U.S. inflation rate at 7.1%, interest rates rising and housing costs up, many Americans are wondering if a recession is looming. The Conversation · Dec 19, 2022
Evening Standard · Dec 19, 2022 Inflation is setting the Government against the workers with toxic results In October, 417,000 working days were “lost” in the UK thanks to strike action, the highest such loss for around 11 years. Dramatic? Not really. It’s a mere blip relative to periods of industrial unrest in the 20th century. In September 1978, the worst point in the original “winter of…
Evening Standard · Dec 19, 2022 The Standard View: If the Conservatives aren’t trusted on the economy, what do they stand for? If the Conservatives aren’t trusted on the economy, what do they stand for? The key to the party becoming the most successful in the history of the democratic world has depended on its reputation for economic management. But in the wake of Liz Truss’s disastrous mini-Budget, soaring inflation and a…
Fortune · Dec 19, 2022 Bond King Bill Gross says the Fed has already reached optimal level of interest rates The man who revolutionized the bond market says the Fed should pay more attention to the mountains of debt circulating in the U.S.
Fortune · Dec 19, 2022 Why the American food sector is optimistic about 2023 The U.S. food sector has survived record inflation–and its prospects are looking up in 2023.
The New Daily · Dec 19, 2022 Christmas lunch: Foods that do, and don’t, eat into your budget Christmas lunch is going to cost more this year as soaring inflation bites into family budgets, but not everything has gone up in price.
The Independent UK · Dec 19, 2022 Asian stock markets sink under global recession fears Asian stock markets have fallen for another day as investors wrestle with fears the U.S. Federal Reserve and European central banks might be willing to cause a recession to crush inflation
Financial Times · Dec 19, 2022 Nouriel Roubini: ‘I hope I didn’t depress you too much’ The famously gloomy economist has turned up the dial on dark predictions for 2023 and beyond, but is upbeat about technology and the meaning of life
The Independent UK · Dec 19, 2022 Asian stock markets sink under global recession fears Asian stock markets have fallen for another day as investors wrestle with fears the U.S. Federal Reserve and European central banks might be willing to cause a recession to crush inflation
The Independent UK · Dec 18, 2022 Government accused of using ‘scare tactics’ to frighten public about nurse strike Doubt over government claims about cost of wage demands
Fortune · Dec 18, 2022 How to do Christmas shopping on a budget The holidays are fast approaching, and for many of us, it's time to do some Christmas shopping.
Fortune · Dec 18, 2022 Here are 3 solid investments to consider during a recession (and 3 to avoid) By building a strong portfolio of diversified investments, you can weather any market storm—even a recession.