US starts fiscal year with record $31 trillion in debt The nation’s gross national debt has surpassed $31 trillion, according to a U.S. Treasury report released Tuesday The Independent UK · Oct 4, 2022
Job openings in Washington grew rapidly this summer. That's not good news This summer, more companies posted job openings in Washington state than almost anywhere else in the U.S., indicating inflation is likely to persist as labor shortages continue. Tribune News Service · Oct 4, 2022
How Long Will This SUCKERS Rally Last? As quickly as the S&P 500 (SPY) fell in September it has bounced as quickly to start October. Yet with inflation still raging, and the Fed likely to keep raising rates that also harms the economy...it becomes hard to get long term bullish at this time. So let’s discuss what… StockNews.com · Oct 4, 2022
Families queue for emergency food five miles from Tories drinking Champagne at conference Hungry households urged Conservatives descending on Birmingham to throw them a lifeline - with inflation running at 9.9 per cent, food prices rocketing and banks scrapping mortgage deals, many fear their plight will deepen Daily Mirror · Oct 4, 2022
Major Drop In US Job Openings, Will The Fed Now Pivot? Don't Bet On It Global bonds and equities are rising in anticipation that the Federal Reserve will reconsider the aggressive tightening of monetary policy that some fear may contribute to the start of a global recession, but history says the Fed may do Benzinga · Oct 4, 2022
The Aussie dollar is dropping against the US currency, but it’s not all bad news A higher US dollar isn't great news for global trade, but some Australian businesses are able to benefit and travellers have reason to smile as well. ABC News · Oct 4, 2022
‘These things take forever’: Kwarteng says public spending review is too much bother Chancellor dismisses fears of rampant inflation – arguing state services are not like public who ‘buy shopping in Sainsbury’s’ The Independent UK · Oct 4, 2022
Haiti at breaking point as economy tanks and violence soars Haiti, the poorest country in the Western hemisphere, is in the grips of an inflationary vise that is squeezing its citizenry and exacerbating protests that have brought society to the breaking point The Independent UK · Oct 4, 2022
'My rent has doubled but my wages haven't': Scot struggles to keep up with rising prices RONNIE Carroll has seen his rent more than double in the 15 years he’s stayed in his Edinburgh flat. The National (Scotland) · Oct 4, 2022
Liz Truss MUST ditch welfare cuts to prevent a 'benefits bloodbath', says Gordon Brown Writing for the Mirror, former Prime Minister Gordon Brown says Liz Truss must raise benefits by inflation - 'and worry more about millions on the breadline than millionaires in the boardrooms' Daily Mirror · Oct 4, 2022
Midterm state races see increased emphasis on abortion post-Roe While Democrats have emphasized abortion as a campaign issue, Republicans have focused on inflation, immigration. Roll Call · Oct 4, 2022
RBA decision risks higher cash rate peak The central bank has shifted gears and moderated its rate hikes, with some economists concerned this could prolong the rate hiking cycle. AAP · Oct 4, 2022
Liz Truss faces mounting anger from MPs as Tory party conference descends into bitter in-fighting The Prime Minister has been criticised by MPs from her own party for refusing to increase benefits in line with inflation. Daily Record · Oct 4, 2022
Greggs reports sales boost off the back of hot food meal deals Shares jump 10% after trading update from retailer despite cost inflation forcing it to put up prices The Guardian - UK · Oct 4, 2022
The Conversation · Oct 4, 2022 How the tech giants are innovating to weather the looming downturn Rising inflation and looming recessions are squeezing household finances, but businesses also worry about an economic downturn. This is not just because of higher bills, but also because consumers spend less and finance from banks and investors dries up when the economy worsens.
Liverpool Echo · Oct 4, 2022 Interest rate, inflation, emergency fund and what they mean Interest rates are high, inflation is soaring, but what does that actually mean?
Evening Standard · Oct 4, 2022 Liz Truss battles to maintain Cabinet discipline after U-turn on U-turn Chancellor Kwasi Kwarteng appeared to be reversing one U-turn as the PM suggested she could one day cut the top rate of income tax
The Independent UK · Oct 4, 2022 US job openings sink amid higher rates and slower growth The number of available jobs in the U.S. plummeted in August compared with July, a sign that businesses may pull back further on hiring and potentially cool chronically high inflation
Benzinga · Oct 4, 2022 What Analysts Think About These High-Dividend Mortgage REITs You would be hard-pressed to find a worse-performing real estate investment trust (REIT) class in 2022 than mortgage REITs (mREITs). With over 8% inflation and the Federal Reserve raising interest rates multiple times, the mREIT group has been trounced.
The Guardian - UK · Oct 4, 2022 What would a real-terms benefits cut mean for UK claimants? Liz Truss’s refusal to commit to a rise in line with inflation has triggered unrest among Tories
StockNews.com · Oct 4, 2022 The 3 Best Blue-Chip Stocks to Buy During a Market Crash The Fed’s hawkish stance to control inflation has given rise to recessionary fears. With the possibility of the stock market sell-off deepening, we think fundamentally strong blue-chip stocks Microsoft (MSFT), UnitedHealth Group (UNH), and Dow Inc. (DOW) might be solid buys. Continue reading….
The Guardian - UK · Oct 4, 2022 Truss’s benefits plans and why many Tories are sticking up for claimants The PM is likely to face another rebellion if she drops pledge to raise benefits in line with inflation
The Hindu · Oct 4, 2022 Poor rainfall in Gangetic plains may spike food inflation in near-term: report According to the Agri ministry's first advance estimate for FY23, Kharif food production is 3.9% lower at 149.92 million tonne
The Independent UK · Oct 4, 2022 Liz Truss and Kwarteng should get pay docked for ‘gross mismanagement’, say Lib Dems Opposition party to table censure motion over ‘gross mismanagement of public finances’
StockNews.com · Oct 4, 2022 2 Stocks to Get Rid of as the Fed Continues to Raise Rates The raging inflation and the Fed’s hawkish tilt have been weighing on investors’ sentiments lately. Amid the growing recession fears and market volatility, we think investors should avoid fundamentally weak stocks Wynn Resorts (WYNN) and Bed Bath & Beyond (BBBY). Read on….