Monday briefing: The government blames the unions for strikes – but what’s the truth? In today’s newsletter: Factchecking claims striking workers are irresponsible, selfish and unrealistic The Guardian - UK · Dec 12, 2022
Asian markets extend Wall St losses; China COVID cases rise Shares have fallen in Asia after last week's decline on Wall Street The Independent UK · Dec 12, 2022
'A glimmer of hope': NatWest boss on why North West businesses can be optimistic despite looming recession The headline North West PMI Business Activity Index registered 48.5 in November, little-changed from October’s 48.4 Birmingham Post · Dec 12, 2022
Northern Ireland private sector slows sharply, but inflationary pressures ease - Ulster Bank PMI The local economy reported its seventh successive monthly drop in output Birmingham Post · Dec 12, 2022
2022 the UK’s worst year for real wage growth since 1977, TUC says Analysis shows real wages fell by an average of £76 a month in 2022 as pay failed to keep pace with inflation The Guardian - UK · Dec 12, 2022
Contraction across Scotland's private sector gathers pace in November Latest RBS research shows a sharper decline in new orders, as business sentiment weakens in November Insider UK · Dec 12, 2022
Inside England’s ‘forgotten corner’ with three of the towns hit hardest by inflation As The Independent shines a spotlight on the challenges facing the UK, we speak to businesses and locals in some of the towns hardest-hit by inflation The Independent UK · Dec 11, 2022
Buy now, don’t pay later: how UK families are turning to freebies Soaring inflation and a greater acceptance of swapping, sharing or giving away ‘preloved’ items is booming on sites such as Freegle and Olio The Guardian - UK · Dec 11, 2022
It is soaring energy costs fuelling UK inflation – not humble pay rises The government says it wants to tame public sector pay to fend off a highly unlikely wage-price spiral The Guardian - UK · Dec 11, 2022
Bank of England set to spoil the festive mood with another interest rate rise The Bank is likely to raise borrowing costs again this week – but how much longer can they keep going up? The Guardian - UK · Dec 11, 2022
MPs’ Pacific islands tour to show bipartisan support – as it happened All the day’s news as it unfolded The Guardian - AU · Dec 10, 2022
How N.Y. Times helped GOP win the House The Gray Lady told America that rising crime and worsening inflation were driven by Democrats. None of it was true Salon · Dec 10, 2022
Stock Investors in a “Sticky” Situation The S&P 500 (SPY) has been shedding weight all week long because inflation is looking too “sticky”. What does that mean? And why does it matter? 40 year investment veteran Steve Reitmeister spells it all out in this timely commentary that includes market outlook, trading plan and top picks. Read… StockNews.com · Dec 10, 2022
December Fed Meeting Preview: How many more giant rate hikes are left? ‘This is where it becomes the tough part’ The Federal Reserve’s busiest year for rate hikes since Jimmy Carter was president may be coming to an end — but U.S. central bankers’ rate increases are far from over. Tribune News Service · Dec 9, 2022
Bangkok Post · Dec 9, 2022 Asian shares follow Wall Street upward RECAP: Asian stocks climbed after Wall Street posted its first advance this month, with traders focused on upcoming US inflation figures for clues on the path of interest-rate increases.
StockNews.com · Dec 9, 2022 3 Terrible Stocks You Need to Sell Before 2023 The prevailing high inflation and continued interest rate hikes triggered fears of a recession and dampened investor sentiment. Amid such uncertainties, it could be wise to steer clear of fundamentally weak stocks Affirm Holdings (AFRM), Cano Health (CANO), and Faraday Future Intelligent Electric (FFIE). Continue reading….
StockNews.com · Dec 9, 2022 The 2 Best Income Stocks for Retirees to Buy The persistently high inflation and aggressive interest rate hikes have worried analysts about a full-blown recession next year. However, dividend-paying stocks Global Partners (GLP) and Sisecam Resources (SIRE) could be good additions to one’s retirement portfolio. Read on….
Fortune · Dec 9, 2022 ‘There is nothing special about 2%’: BofA says central bankers just made up their inflation target “The evidence is that steady 4% inflation imposes very small additional costs compared to steady 2% inflation. Either way the economy adapts,” BofA’s global economist said.
Fortune · Dec 9, 2022 The largest asset manager in the world says we’re headed for a whole new economic regime characterized by these three major global shifts BlackRock warned investors to expect a recession, persistent inflation, and an era that requires a more “nimble” approach in its 2023 Global Outlook this week.
Fortune · Dec 9, 2022 America’s millionaires are suddenly feeling poor With inflation, even rich Americans don’t feel all that wealthy these days, according to a new survey from Edelman Financial Engines.
StockNews.com · Dec 9, 2022 2 Motor Vehicle Stocks to Buy in December and 2 to Avoid With inflation showing signs of cooling down and the Fed expected to reduce the magnitude of interest rate hikes, investors are hopeful about a market recovery. Moreover, rising consumer spending is expected to fuel the demand for motor vehicles. Therefore, quality auto stocks Stellantis (STLA) and Honda Motor Co. (HMC)…
StockNews.com · Dec 9, 2022 4 Stocks That Can Weather Any Market Storm Persistently high inflation and the Federal Reserve’s hawkish stance to handle it has resulted in significant market volatility this year. Moreover, experts amplified their warnings of a recession next year. Given the uncertain market backdrop, it could be wise to invest in fundamentally sound and resilient stocks, Johnson & Johnson…
Evening Standard · Dec 9, 2022 Bank of England interest rate hike looms as main event in a blockbuster week for the economy Will it be 0.75% or 0.50%? Thursday’s top-of-the bill rate move helps set the tone for the economy and consumers into 2023
Miami Herald · Dec 9, 2022 The Week Ahead: Where inflation is not slowing down even as the Fed may ease up (a little) Gasoline is cheaper than a year ago. Home price gains have slowed. And used car prices have leveled out. This has helped push down the annual inflation rate from its June peak. And that has given the Federal Reserve confidence to consider relaxing its pace of rate hikes ever-so-slightly.
StockNews.com · Dec 9, 2022 The 4 Fastest-Growing Stocks to Purchase Right Now Markets have been highly volatile this year due to macroeconomic and geopolitical headwinds. However, signs of slowing inflation and dovish comments from the Fed Chair have renewed investor appetite for riskier assets. Hence, it could be wise to invest in the fastest-growing stocks, CVS Health (CVS), McKesson (MCK), Celestica (CLS),…