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The Latest Breaking News from Inflation

Stash Your Weed As Inflation Knocks On Cannabis' Door: Prices To Go Up By 10%, Some Blame Biden, Others Trump

In June, U.S.

Benzinga

Amazon strikes: 'I will soon be unable to buy hot meals for my family', Bristol worker warns

Hundreds of staff in Avonmouth are preparing to take part in a wave of strikes amid a dispute over pay

Bristol Post

3 Gold Stocks to Help You Hedge Against Inflation in August

Gold prices rose on Monday as the greenback retreated, while the market is anticipating another brutal inflation number for July. Moreover, geopolitical tensions have lent their support to the metal. Hence, we think gold stocks Centerra Gold (CGAU), B2Gold (BTG), and Gold Resource (GORO) might be ideal additions to your…

StockNews.com

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Most electric vehicles won't qualify for federal tax credit

A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress

The Independent UK

FBI Raids Mar-a-Lago, Fueling Claims of Political Persecution

Plus: Anti-piracy ads made people want to pirate, new IRS agents could fill a football stadium, and more...

Reason

Abortion, inflation and huge sums of money could tilt Colorado’s first-ever 8th District race

DENVER — With just three months to go until the election, one of the most closely watched political contests in the nation — Colorado’s 8th Congressional District — is gearing up for its final and most tumultuous phase before the Nov. 8 showdown that determines who represents the state’s newest…

The Denver Post

Alex Cole-Hamilton hikes price of his garden shed Airbnb by 150 per cent

INFLATION is set to hit an eye-watering 13 per cent in October. But even that doesn’t come close to the price rise imposed by the head of the…

The National (Scotland)

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What will new State Pension payment rates be - everything we know so far

An announcement on new State Pension rates will come later this year - and while they could go up by around 10% in April 2023, it still won't touch the sides for many

Daily Mirror

‘Turning point’: Business collapses spike but local recession still unlikely, say economists

The number of businesses falling into administration spiked in July as economists warn the economy is headed towards a “turning point”.

The New Daily

Michael Kors-owner Beats Revenue Estimates on Resilient Luxury Demand

Michael Kors-owner Capri Holdings Ltd beat quarterly revenue estimates on Tuesday, helped by unwavering demand for luxury goods from higher-income consumers who remain largely unaffected by rising prices. The effects of 40-year-high inflation has shown little, if any, impact on middle- and high-income households who have been spending on designer…

Asharq Al-Awsat

Record prices for cod and haddock on Grimsby Fish Market

Icelandic seasonality over inflationary pressures at play according to operator as merchants buy up supply just to keep customers happy

Birmingham Post

NHS faces winter of strikes as nurses and professionals ballot over pay

‘Kick in the teeth’: Pay award is far below inflation rate

The Independent UK

Get over-50s back to work to tackle UK labour shortage, says John Lewis boss

Sharon White says government should ‘think much more’ about encouraging Covid retirees to return on flexible basis

The Guardian - UK

Abrams calls on using budget surplus to invest in Georgians

Democratic gubernatorial candidate Stacey Abrams says it's time for Georgia to use its budget surplus to invest in its residents

The Independent UK

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St. Louis Post-Dispatch

Editorial: GOP opposition to climate-and-drug bill highlights party's twisted priorities

Senate Democrats over the weekend passed legislation to help industry and individual Americans move to cleaner energy, make corporations pay their fair share in taxes and lower prescription prices for struggling seniors, all while lowering the deficit and, potentially, inflation. Republicans’ sole contribution to this historic package was to keep…

Tribune News Service

Editorial: Schumer gets it done: The majority leader delivers for the country when it counts

When the Inflation Reduction Act passed the Senate Sunday afternoon at 3:18 after more than 24 hours of a continuous session that began at noon on Saturday and required 39 separate roll call votes, Chuck Schumer read a long list of his staff that the majority leader said were instrumental…

The Independent UK

Asian shares mostly decline on global technology downturn

Asian shares are mostly declining amid a global fall in technology shares, including Japan’s SoftBank, which just reported hefty losses caused by the market downturn

The Guardian - UK

UK energy bills ‘to top £4,200’ amid warning of ‘serious hardship on a massive scale’ – as it happened

Joseph Rowntree Foundation, consumer champion Martin Lewis and CBI chief urge PM to act urgently to help people with soaring energy bills

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Bangkok Post

Finance minister favours modest rate hike to shield growth

The Bank of Thailand (BoT) should stay away from a steep policy tightening path to protect the economy’s nascent recovery while taming the fastest inflation in more than a decade, according to the finance minister.

Benzinga

Alibaba Gains 1%, JD Sheds 2%: Hang Seng Opens Lower As All Eyes On US Inflation Data

Hong Kong shares were mixed on Tuesday morning, with the benchmark Hang Seng Index down more than 0.1%, as investors looked ahead to crucial U.S. inflation data that will decide the course of further rate hikes by the Federal Reserve. Shares of Alibaba rose 1.5% in opening trade, while those of JD.com lost…

Bangkok Post

Rising rates won't trigger crisis

Hawkish shifts in the US Federal Reserve’s monetary policy have often led to heightened financial and economic stress in emerging economies. In the early 1990s, the Fed raised interest rates preemptively to curb inflation, precipitating the 1994 Mexican “tequila” crisis. In 2013, the Fed signalled its intention to tighten monetary…

Benzinga

Bitcoin Trails Ethereum In Gains: 'Insane' Relief Rally Or 'Massive Fakeout', What's Next?

Ethereum dominated among major coins Monday evening as the global cryptocurrency market cap rose 2.5% to $1.1 trillion at press time.

Wales Online

Retail sales get boost due to the hot summer as inflation pressure continues

Spending is on the up, but experts warn that tightening of belts is on the horizon

The Guardian - UK

July could be ‘lull before the storm’ for retailers and consumers

Cost of living crisis and rising inflation predicted to hit consumer confidence and spending

The Independent UK

Hot summer weather buoys retail sales as inflation pressure continues

The BRC-KPMG retail sales monitor for July showed that total sales increased by 2.3% during the month.

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