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The Latest Breaking News from Inflation

Millions of Brits to be hit by 'recession with poorest areas affected most'

The UK is set to head into recession according to the National Institute of Economic and Social Research which also predicts that it will be the poorest areas that will be worst affected

Daily Mirror

Bear Market Rally or New Bull Market Emerging?

Is the bear market officially over? Or this just another in a long history of bear market rallies that trick investors to get on board just before the next leg lower for stocks (SPY)? That is the key question at this moment that 40 year investment veteran Steve Reitmeister goes…

StockNews.com

Stagflation 'nightmare' as recession warning issued to millions of UK households

Millions of the most vulnerable households will be hit, warns economic report

Wales Online

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One in five Scots households faces savings wipe out

A FIFTH of Scots households will have their savings wiped out by the soaring cost of living by 2024, a new report warns.

The National (Scotland)

Stagflation warning as UK ‘set to enter recession’

The National Institute of Economic and Social Research said the threat of stagflation has returned for the first time since the 1970s.

The Independent UK

3 Energy Stocks That Could Benefit From the Manchin Bill

Senator Joe Manchin recently hailed the Inflation Reduction Act of 2022, addressing the nation’s high inflation through energy and climate spending, deficit reduction, prescription drug reform, and clean energy tax credits. We think fundamentally sound energy stocks FirstEnergy (FE), Via Renewables (VIA), and Natural Gas Services (NGS) are well-positioned to…

StockNews.com

3 Luxury Goods Stocks That Are Still Buys Amid High Inflation Levels

Despite persistently high inflation levels, the luxury goods industry is expected to grow significantly this year, driven by sustained luxury spending, growing media influence, and integration of e-commerce platforms. Thus, we think fundamentally sound luxury goods stocks Ralph Lauren (RL), J.Jill. (JILL), and Movado (MOV) could be ideal additions to…

StockNews.com

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DR Congo to reassess withdrawal plan for UN peacekeeping mission

In tonight's edition: After dozens of deaths during last week's violent demonstrations against the United Nations, DR Congo's government reexamines the withdrawal plan for the UN's MONUSCO mission. Also, the head of al Qaeda, Ayman al-Zawahiri, was killed in a US drone strike on Sunday. He helped mastermind terror attacks…

France 24

Inflation is hitting ACA health insurance plans in Pennsylvania

Pennsylvanians who plan to shop later this year on the state’s Affordable Care Act exchange are unlikely to find shelter from the inflation that has engulfed other areas of the economy, according to a preview offered Monday by the Pennsylvania Insurance Department.

The Philadelphia Inquirer

The Reserve Bank has to navigate a path away from inflation but the economic signals are months old

While backward-looking labour market data is still robust, property prices provide a taste of the deteriorating outlook

The Guardian - AU

Struggling to pay rising prices of produce? This group says immigration reform will help

Have you noticed higher-than-normal produce prices at the grocery store lately? Inflation is to blame, but so is a shortage of farm labor, says a national coalition of farm worker advocates, farmers and consumers.

Tribune News Service

Softer demand? US job openings fall in June to 9-month low

Demand for labour seems to be gradually slowing, and salary growth is lagging behind inflation.

Al Jazeera

The problem with forecasting Manchin's Inflation Reduction Act

Models suggest it will affect overall inflation only a little

Axios

Killing of Zawahiri gives beleaguered Joe Biden rare political win

US political leaders applaud drone strike as president, battered by inflation, war in Ukraine and Roe ruling, seeks upturn in fortunes

The Guardian - US

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Benzinga

Is It A Good Idea To Get A Mortgage In A Recession? Find Out Now

The home-buying market screamed its way into every publication you read and every dinner-table conversation you participated in for the past year. Not only did people pay the listed price for a home, they fought to outbid each other.

The Hindu

Andhra Pradesh: Vijaya Sai Reddy flags rising inflation in Parliament

A.P. has lost ₹11.26 crore due to Centre’s regressive tax regime, he says

Salon

Joe Manchin's secret climate "side deal"

Manchin cut a deal to boost oil and gas drilling in exchange for his support for climate change funding

McClatchy Washington Bureau

New ad from national Republicans targets Murray as GOP looks to expand the Senate map

WASHINGTON — National Republicans are funding a new ad this week that ties Democratic Sen. Patty Murray to President Joe Biden, arguing the incumbent lawmaker too often supports policies that increase inflation and crime.

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The Independent UK

U.S. job openings slid to 10.7 million in June

American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates

The Times of India

Govt adopting targeted approach to tame inflation, says finance minister Nirmala Sitharaman

NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday said the government has adopted a targeted approach, based on ground-level inputs, to tackle retail inflation which is ruling at around 7 per cent.

The Conversation

In Congress, the name of a bill may have nothing to do with what's in it – it's all about salesmanship

Quick quiz: What’s the name of the compromise climate bill that U.S. Sen. Joe Manchin, a Democrat from West Virginia, last week agreed to support?

StockNews.com

1 Stock That Hasn't Been Impacted by Inflation

Despite persistent high inflation, retail giant Ingles Markets (IMKTA) posted consistent growth this year. In addition, its robust fundamentals make it well-positioned to witness solid growth in the upcoming quarters. Therefore, we think the stock could be a great buy now. Read on to learn more.

The Hindu

Opposition asks govt to acknowledge problem of price rise to fix it, BJP puts blame on global changes

“The inflation is ruling at 7% now and has not yet reached the double-digit level like in the previous UPA regime”

The Hindu

Government won't be able to see inflation as it's wearing 'blindfolds of arrogance': Rahul Gandhi

Rahul Gandhi tweeted, "Well, how will they see inflation? Wearing blindfolds of arrogance, they are selling the country's property in 'free fund' to 'friends'"

The New Daily

Mortgage bills to jump $140 in August as inflation worsens

Home owners will be slapped with another painful mortgage squeeze in August after the Reserve Bank hiked interest rates to a six-year high on Tuesday.

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