The Latest Breaking News from Inflation

The Honduran government passed a month-long freeze on increases in gasoline and diesel prices on Friday, the country's energy minister announced, making the Central American nation the latest to intervene as inflation causes gas prices to skyrocket worldwide.

On Friday, the University of Michigan Surveys of Consumers released the consumer sentiment index for June 2022. What Happened: The consumer sentiment index for June was 50.0, resulting in a -14.4% change since May, which was the lowest report on record.

Iceland shoppers left shocked after seeing the eye-watering price of butter, as new figures show Brits will see their yearly grocery bills jump by a whopping £380

Wedbush analyst Nick Setyan lowered the price target on Darden Restaurants Inc (NYSE:DRI) to $122 (3% upside) from $140 and kept a Neutral rating on the shares. The analyst noted that FY23 guidance is predicated on normalization in inflation trends in the second half and has lowered his FY23 EPS estimate to $7.60 from $8.41…

Mexican President Andres Manuel Lopez Obrador said on Friday that during a planned visit to Washington next month he would propose to his U.S. counterpart Joe Biden that they craft a joint anti-inflationary plan to tackle surging prices.

On top of rampant inflation, strikes, business gloom and rising interest rates, bad news about our shopping habits was all but inevitable. The volume of goods being sold in the UK is now falling, according to the latest monthly data from the Office for National Statistics (ONS), with food purchases…

Tech stocks have been under pressure amid rising inflation and the Federal Reserve’s interest rate hikes. However, with the growing need for technological improvements across various industries, adding fundamentally sound stocks Dell Technologies Inc. (DELL), GoDaddy Inc. (GDDY), and Extreme Networks, Inc. (EXTR) to your watchlist could be wise. Continue…

Growing concerns over the multi-decade high inflation and the Fed’s tighter monetary policy have kept the stock market under tremendous pressure lately. Furthermore, analysts are raising the odds of the economy sliding into a recession. Amid this environment, it could be wise to invest in fundamentally sound stocks, Adams Resource…

Inflation is running at a 40-year high, and the Fed’s aggressive moves to clamp down on inflation have led to a steep sell-off in the market. However, popular stocks Realty Income (O), Las Vegas Sands (LVS), and Lucid Group (LCID), which still look overvalued at their current price levels, are…