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The Latest Breaking News from Inflation

High rents outpace federal disability payments, leaving many homeless

Supplemental Security Income, a federal program meant to be a financial floor for people unable to work, hasn't kept pace with inflation. Many recipients are homeless, unable to save for an apartment.

WEKU

John Lewis suffers first half loss of £99m and warns of risk to staff bonuses

Outlook ‘uniquely uncertain’, says Partnership as it announces cost of living support for staff

The Guardian - UK

Asian shares mixed after wobbly gains on Wall St

Asian shares are mixed after modest gains on Wall Street

The Independent UK

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Over a third of Scottish high school teachers could strike after rejecting pay offer

The news comes in the midst of a cost-of-living crisis caused by rising inflation and increasing energy prices, with Cosla locked in industrial disputes with education staff and cleansing workers

Edinburgh Live

Bharat Jodo Yatra started to break govt.'s silence on inflation: Congress

Congress general secretary Jairam Ramesh asked why is the Modi government silent on back-breaking inflation

The Hindu

The U.K.'s New 'Free Market' Prime Minister Is Fighting Inflation With Price Controls

This fiscal irresponsibility throws gasoline on the country's already raging inflation fire.

Reason

Struggling State Pension claimants hit with seven month warning

Pensioners received a real terms pay cut this year

Liverpool Echo

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BAREIT fund begins trade on the SET

SET-listed Bangkok Airways (BA) kicked off trading on Wednesday of its real estate investment fund on the Stock Exchange of Thailand, offering a first-year return of up to 8% during a period of low interest rates and high inflation.

Bangkok Post

The Crude Oil Bull And Bear Case With Inflation Data, Russian Supply Front Of Mind

Financial instruments move in streaks — daily and weekly ones that lead to monthly ones. The price of the front-month contract for crude oil futures doubled from December 2021 to May 2022, ending November at $53.29 and ending May at $109.01.

Benzinga

ASX rebounds slightly after investors buy the dip and employment rises, Westpac closes more branches

The ASX and Wall Street made modest gains in cautious trade after yesterday's share market rout. Westpac and CBA plan to close more bank branches.

ABC News

California Plows Ahead With Providing Free Money To Mitigate Inflation

The state's $9.5 billion Better for Families program will provide checks of up to $1,050 to state residents to stem the rising costs of living.

Reason

Tuesday's Market Bloodbath Hit The Top 10 Richest People Where It Hurts: Here's Who And How Much

A market sell-off on the heels of Consumer Price Index (CPI) inflation data Tuesday saw the broader U.S. markets post their worst day year-to-date in 2022. Here’s a look at how the market collapse impacted the wealth of the richest people in the world.

Benzinga

3 Stocks Taking Big Hits From Recent Layoffs

With stubbornly high inflation, rising interest rates, and growing fears of a recession, several businesses have been slashing headcount remarkably to reduce costs and stay afloat. In addition to their weak fundamentals and dim growth prospects, the announcements of layoffs have also impacted the performance of Shopify (SHOP), Coinbase (COIN),…

StockNews.com

Australian jobless rate lifts to 3.5pct

The jobless rate grew to 3.5 per cent in August, lifting from the record low 3.4 per cent figure in July.

AAP

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StockNews.com

Snap, Twitter, and 1 Other Stock You Should Sell Right Now

The raging inflation and the Fed’s aggressive rate hikes has led advertisers to cut back on spending, which is, in turn affecting social media companies. With the Fed expected to launch another significant rate hike this month, we think investors should avoid Twitter (TWTR), Snap (SNAP), and Groupon (GRPN). Read…

The Canberra Times

'Exhausted' University of Canberra staff to walk off the job

The University of Canberra union members have rejected a 3.5 per cent wage cap that they say would leave them worse off amid soaring inflation.

StockNews.com

5 Stocks to Sell Before Things Get Even Uglier

August’s CPI report revealed that inflation is far from being eased, enhancing the odds of another big Fed rate hike next week. With stubbornly high prices and tumbling market sentiment, it could be wise to sell fundamentally weak stocks Lucid Group (LCID), Plug Power (PLUG), AMC Entertainment (AMC), Peloton Interactive…

The Hindu

Tax on the poor: On inflation

Inflation disproportionately affects the economically weaker sections

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AAP

Opposition warns against RBA distractions

The federal opposition wants to see the Reserve Bank of Australia stick to its strengths and remain focused on containing inflation.

Benzinga

Canadians Can't 'Opt Out Of Inflation' With Bitcoin: Prime Minster Justin Trudeau Lashes Out At Opposition

A current world leader is attacking an opposing candidate for his views on Bitcoin and cryptocurrency. Here’s the latest on the world of Canadian politics and how cryptocurrency ideals could play a role in the 2025 prime minister election.

Tribune News Service

Poll: Pa. voters trust John Fetterman more than Mehmet Oz on key issues

PITTSBURGH — The good news for Republican Mehmet Oz in Pennsylvania’s U.S. Senate race is that voters in the state — according to a new poll — care most about economic issues, inflation and rising costs, which have been staples of the national GOP agenda ahead of a midterm election…

Axios

The housing problem is also the inflation problem

Shelter costs were the single most important category driving up so-called "core" inflation.

The Conversation

Why it's not anti-environmental to be in favour of economic growth

In the midst of today’s cost of living crisis, many people who are critical of the idea of economic growth see an opportunity. In their recent book The Future is Degrowth, for example, prominent advocates Matthias Schmelzer, Aaron Vansintjan and Andrea Vetter argue that the post-Covid inflation has predominantly been…

The Conversation

Three ways companies change their products to hide inflation

Consumer price inflation in the UK slowed for the first time in nearly a year in August. A fall in petrol prices helped slow the overall rate but food prices continue to rise rapidly. But even with a slowdown to 9.9%, from 10.1% in July, inflation still remains close to…

Daily Mirror

Join us LIVE as experts explain what 9.9% inflation means for you - and what to do about it

Mirror business editor Graham Hiscott will be joined by Mirror Money reporter Sam Barker on September 15 at 1pm to run through everything you need to know about how to tackle soaring inflation

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