Staying the course: On monitoring inflation Inflation may have moderated a bit, but remains a threat that warrants constant vigil The Hindu · Sep 9, 2022
3 Stocks to Sell as Investors Brace for More Fed Tightening Concerns about skyrocketing inflation, the Federal Reserve's hawkish stance to tame it, and the prospect of a recession have driven recent market selloffs. As the Fed is expected to keep raising interest rates to bring inflation down to its target level, fundamentally weak stocks Peloton Interactive (PTON), Revolve Group (RVLV),… StockNews.com · Sep 9, 2022
Britain, facing economic crisis, pauses to mourn the queen The death of Queen Elizabeth has stilled the business of state in Britain at a time when the government, Bank of England and companies are battling to contain inflation and mitigate a deep economic crisis. Reuters · Sep 9, 2022
2 Defensive Stocks to Hold Through Any Recession Aggressive interest rate hikes by the Fed to bring the multi-decade high inflation under control and a slowing economy are raising the possibilities of a recession. Amid such a volatile market scenario, we think investors should hold fundamentally sound defensive stocks Coca-Cola (KO) and PepsiCo (PEP) to sail through any… StockNews.com · Sep 9, 2022
Can Dollar Tree Rebound On Strength Of Frugal Consumers? You would think discount stores would flourish in an era of high inflation and recession fears, but Dollar Tree (NASDAQ: DLTR) gapped down hard following its quarterly earnings report. Even so, the stock is outperforming the market, and its industry has been rallying. Benzinga · Sep 9, 2022
Can Agriculture ETFs Continue To Soar After A Great August? The agricultural commodity market has been an area to watch lately, given worries over the growing global food crisis and rising prices. Global food prices are surging at the fastest pace ever as the war in Ukraine has disrupted crop supplies, piling up more inflationary pain on consumers and worsening… Benzinga · Sep 9, 2022
The White House's new push to define Bidenomics The White House is talking about the Biden economic record as something to embrace, a shift heading into the midterms. Axios · Sep 9, 2022
Scotland ranks high amongst UK nations and regions for productivity Scotland came in behind London and southeast England in terms of productivity, a new report found The National (Scotland) · Sep 9, 2022
How to Make Sense of Today’s Confusing Stock Markets The market continues to confound and confuse both bulls and bears alike...The hope that a new bull market began in mid-June has been extinguished by the S&P 500 (SPY) declining from 4,300 to 3,900. While the bears continue to be stymied by an economy that continues to be more resilient… StockNews.com · Sep 9, 2022
OECD calls for revival of collective bargaining to fight wage erosion Raising minimum wages and building support for collective bargaining could help to rein in the erosion of pay in the face of the current inflation spiral, the OECD recommended on Friday. Reuters · Sep 9, 2022
Bernie Sanders and Joe Manchin are headed for another fight The Vermont senator has voiced opposition to Virginia pipeline The Independent UK · Sep 9, 2022
Asda is limiting how many items shoppers can buy from its Just Essentials range Asda shoppers are no longer allowed to purchase more than three of the same items from its Just Essentials brand - although there is no limit on the overall number of products you can buy Daily Mirror · Sep 9, 2022
The Week Ahead: How the consumer is weathering inflation and supporting higher interest rates Prices, spending and confidence — it’s the consumer in focus for investors and the Federal Reserve in the week ahead. Miami Herald · Sep 9, 2022
Eurozone interest rates must continue to rise, says European Central Bank Decision about how to fight inflation follows increase by unprecedented 0.75 percentage points The Guardian - UK · Sep 9, 2022
Tribune News Service · Sep 9, 2022 'It’s becoming too expensive to live’: Anxious older adults try to cope with limited budgets Economic insecurity is upending the lives of millions of older adults as soaring housing costs and inflation diminish the value of fixed incomes.
Evening Standard · Sep 9, 2022 Bank of England postpones next week’s interest rate decision after Queen’s death A widely expected rise in interest rates has been put on hold due to the death of the Queen
Asharq Al-Awsat · Sep 9, 2022 Egypt Sets Customs Exchange Rate of 19.32 Pounds/US Dollar Egypt has set a customs exchange rate of 19.318 Egyptian pounds to the US dollar from Sept., a change from 18.64 pounds in June, state newspaper Akhbar al-Youm reported on Thursday citing the customs authority. Egypt devalued its pound by 14 percent in March after foreign investors pulled billions of…
The Conversation · Sep 9, 2022 Quiet quitting is a new name for an old method of industrial action The average UK worker now carries out approximately 22 days’ worth of overtime a year. Meanwhile, inflation is at a 40-year high of 10.1%, and real pay is dropping 2.8% – the fastest decline since records began in 2001.
Daily Record · Sep 9, 2022 Inflation blows £4.8 million hole in Dumfries and Galloway Council's budget Rising energy prices and the cost of food has had a huge impact on the local authority's finances
Los Angeles Times · Sep 9, 2022 Commentary: Our too little, too late climate action means triage more than prevention Two years ago the sky above my San Francisco Bay Area home was a dark pumpkin orange from wildfire smoke. The air smelled of wood fire, and gray ash covered my car. Today the bay’s waters are dark brown from a harmful algal bloom and the air smells of decay…
Daily Mirror · Sep 9, 2022 All your energy bill questions answered as Liz Truss confirms new £2,500 freeze Liz Truss yesterday pledged households will “now pay up to an average £2,500 a year on their energy bill for the next two years” as part of new cost of living help - but what does this mean for your bills?
Asharq Al-Awsat · Sep 9, 2022 Asian Markets Rally, Dollar Dips as Traders Price in Policy Tightening Asian markets rallied Friday following a healthy performance on Wall Street, with investors largely pricing in more interest rate hikes aimed at taming runaway inflation. The more confident mood was reflected in a dip in the dollar, which has surged in recent weeks to multi-decade highs against its major peers…
Bangkok Post · Sep 9, 2022 Indian rice export curbs to push up prices SINGAPORE: India’s decision to curb rice exports is expected to lift world prices and trigger a rally in wheat and corn markets, deepening concerns over food inflation.
The Independent UK · Sep 9, 2022 Asian shares rise after Wall Street rise, Fed Chair comments Asian benchmarks are rising, cheered by gains on Wall Street as comments from the Federal Reserve chairman assured markets on the expected rate rise
Benzinga · Sep 9, 2022 Why Alibaba, Nio And Other Stocks Are Shooting Higher In Hong Kong Today Hong Kong stocks opened in the green on Friday, taking cues from Wall Street where major indices gained following clarity on the U.S. Federal Reserve’s policy path. China’s slower-than-expected consumer price inflation rise also lifted sentiments.