Men don't trust female central bankers on inflation or the economy, survey data shows The Research Brief is a short take about interesting academic work. The Conversation · Nov 1, 2022
Nestle hiking chocolate prices of brand favourites in time for Christmas It could mean price increase for favourites such as Quality Street and After Eight Nottingham Post · Nov 1, 2022
General Mills CEO: 'Brands need to stand for something' At the end of the last decade, General Mills and its competitors were fighting for every penny as many consumers abandoned legacy packaged food brands. Tribune News Service · Nov 1, 2022
‘A lot of uncertainty’: RBA warning on rate hikes as inflation soars and jobs set to fall Australia's inflation problem is going to get worse and last longer than it was previously feared, new RBA forecasts suggest. The New Daily · Nov 1, 2022
ASOS to axe 100 jobs as part of huge cost-cutting plan - after making £32million loss Online fashion retailer ASOS is axeing more than 100 roles after the cost of living crisis meant the firm made a £32million loss, with affected staff now in a 45-day consultation period Daily Mirror · Nov 1, 2022
Execs get $500 for each $1 raise you got The executive class gobbles up much more of total pay Salon · Nov 1, 2022
RBA boss does not rule out bigger interest rate rises if inflation stays hot over summer Borrowers are being left on tenterhooks over summer, with the RBA boss warning the bank is prepared to hike rates aggressively again in the new year if it needs to. ABC News · Nov 1, 2022
Interest rates to keep rising as RBA warns it will do ‘what is necessary’ to curb inflation Reserve Bank governor Philip Lowe says half percentage point increases to cash rate possible if economic conditions do not improve The Guardian - AU · Nov 1, 2022
RBA sees the pain but says rates must rise Reserve Bank of Australia Governor Philip Lowe has underlined his case for raising interest rates, warning that not doing so could have dire consequences. AAP · Nov 1, 2022
Asian shares advance, shrugging off Wall Street retreat Asian stock markets are higher after Wall Street declined and a survey of Chinese manufacturing showed activity improved The Independent UK · Nov 1, 2022
Oil giant Saudi Aramco has $42.4B profit in third quarter Oil giant Saudi Aramco is reporting a $42.4 billion profit in the third quarter of this year, buoyed by higher global energy prices that have filled the kingdom’s coffers but helped fuel inflation worldwide The Independent UK · Nov 1, 2022
Extend UK energy price cap to hold inflation back, thinktank says IPPR says cap for longer than six months would aid growth and allow more to be spent on public services The Guardian - UK · Nov 1, 2022
Afternoon Update: More rate pain for borrowers; Gold Trip wins Melbourne Cup; and China unhappy with B-52 plan The Reserve Bank makes its inevitable inflation response. And most Australians don’t care about the cup The Guardian - AU · Nov 1, 2022
Why has the RBA raised interest rates for a record 7th straight month? High inflation – and worse is on the way Pushing up interest rates isn’t something the Reserve Bank does lightly. The Conversation · Nov 1, 2022
The Guardian - AU · Nov 1, 2022 Australian borrowers hit again as RBA raises interest rates by 25 basis points to 2.85% Reserve Bank raises rates for seventh time in attempt to bring inflation under control
The New Daily · Nov 1, 2022 Interest rates rise to nine-year high as RBA hikes for seventh straight month The RBA has unveiled its seventh hike in interest rates since May as it battles rising inflation, lifting its target 0.25 percentage points.
ABC News · Nov 1, 2022 Interest rate updates: RBA lifts cash rate by 0.25 of a percentage point to nine-year high of 2.85pc, NAB first to pass on — as it happened The Reserve Bank lifted interest rates for the seventh month in a row, taking the cash rate to 2.85 per cent — as it happened.
Benzinga · Nov 1, 2022 Larry Summers Says US Facing Complex Challenges: 'Curbing Inflation Comes First, But We Can't Stop There' Former Treasury Secretary Lawrence H. Summers believes the United States is facing a very complex set of macroeconomic challenges but said the current situation does not include low unemployment and is not as grave as the 2009 financial crisis or inflation during the 1970s.
Reuters · Nov 1, 2022 Danes vote in battle for centre ground as political, economic crises loom Danes went the polls on Tuesday with Prime Minister Mette Frederiksen hoping for a vote of confidence in her handling of the pandemic and for her leadership to overcome soaring inflation and geopolitical insecurity.
The Independent UK · Nov 1, 2022 Rishi Sunak warned against return to austerity with public spending cuts at next mini-Budget OLD Think tank finds PM has ‘fiscal space’ to deliver support totalling billions in cost of living crisis
AAP · Oct 31, 2022 Inflation surge dents consumer confidence Consumer confidence is likely to fall further after Tuesday's rate hike, having already slumped to levels last seen during the early stages of COVID lockdowns.
StockNews.com · Oct 31, 2022 2 Stocks That Give Downside Protection in Troubled Times With inflation still hovering around the multi-decade high and the U.S. economy expanding in the third quarter, a further aggressive interest rate increase is on the cards this week. With the macro headwinds set to intensify further, investing in resilient stocks Walmart (WMT) and Oracle (ORCL) could give your portfolio…
Benzinga · Oct 31, 2022 Trick Or Treat: 5 Stocks For Halloween With Record Spending Expected For Holiday Higher inflation has led to people paying more for Halloween costumes and candy for the annual holiday in 2022. That hasn’t stopped people from shelling out hundreds of dollars on costumes and candy.
The Conversation · Oct 31, 2022 Why inflation will likely stay sky-high regardless of which party wins the midterms Soaring inflation is the top issue for a lot of voters heading into the midterms, with most saying Republicans would do a better job of handling the problem.
The Independent UK · Oct 31, 2022 When are the midterm elections 2022? Bipartisan researchers list main issues as economy, inflation, abortion rights and fighting gun violence