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The Latest Breaking News from Inflation

Rupee slumps to all-time low of 77.44 on forex outflows, rising US yields

MUMBAI: Extending its losses for a second day, the rupee on Monday slumped by 54 paise to close at a record low of 77.44 against the US dollar, pressured by the strength of the American currency overseas and unabated foreign fund outflows.

The Times of India

15 Best Dividend Stocks Across These 3 Key Sectors

The Fed’s recent interest rate hike of 0.5% is the most significant in over 20 years. Chairman Jerome Powell expects several additional rate hikes through the end of 2022 and into 2023 amid the highest inflation the United States has seen since December 1981.

Benzinga

EXPLAINER: Recession fears grow. But how high is the risk?

Inflation is at a 40-year high

The Independent UK

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Why TreeHouse Foods Shares Are Surging Today

TreeHouse Foods Inc (NYSE:THS) reported first-quarter FY22 sales growth of 7.9% year-on-year to $1.14 billion, beating the consensus of $1.09 billion. The gross profit for the quarter contracted 350 basis points Y/Y to 13.6%. The company reported an operating loss of $(40.7) million versus an operating income of $11 million last year. The…

Benzinga

High UK inflation could last for ‘years rather than months’, warns economist

Expert sounds warning as Bank of England economist says inflation ‘uncomfortably high’ amid cost of living crisis

The Guardian - UK

Biting Back: Will FAANG Favorites Recapture their Form on Wall Street in Q3 2022?

Despite having an extraordinary track record on Wall Street, 2022 has been a testing year for FAANG stocks. Having taken a battering from tech stock sell-offs in the wake of record-breaking inflation and supply chain issues arising from the Covid-19 pandemic, leading growth stocks have struggled to recapture the form…

Benzinga

RBI intervenes to defend rupee, ready to do more

NEW DELHI: The Reserve Bank of India (RBI) is intervening in all foreign-exchange markets and will continue to do so to protect the rupee that slid to a record low Monday, said a person familiar with the matter.

The Times of India

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Inflation and worker shortage fuel push on immigration bills

WASHINGTON — Rep. Dan Newhouse had a message for the grassroots organizers who gathered outside the Capitol to discuss what chances remain for bipartisan immigration legislation, such as his bill to address the labor shortages harming farmers in both red and blue states.

Tribune News Service

3 Must-Own Value Stocks in May

Investors' worries over the Fed’s aggressive stance to fight the multi-decade high inflation and intensifying geopolitical tensions have recently pushed benchmark indexes into correction territory. Therefore, many quality stocks are trading at attractive valuations now. Since value companies often do well in an inflationary environment, it could be prudent to…

StockNews.com

Explained: How Sri Lanka economic crisis spiralled out of control

NEW DELHI: The unprecedented economic crisis in Sri Lanka has intensified in the past few days.

The Times of India

Better Buy for 2022: Citibank vs. JPMorgan Chase

In this article I will analyze and compare Citigroup (C) and JPMorgan Chase (JPM) to determine which stock is currently a better investment.

StockNews.com

Biggest winners and losers from the Fed’s interest rate hike

Last week, the Federal Reserve announced that it’s raising interest rates by half a percentage point, bumping the federal funds rate to a target range of 0.75 to 1.00 percent. The move follows an increase of 0.25 percent in March, as the Fed continues reducing liquidity to the financial markets…

Tribune News Service

Avoid These 2 Consumer Defensive Stocks That Cut Their Full-Year Outlook

Amid rising worries over surging inflation, the Federal Reserve’s hawkish tilt, geopolitical uncertainties, and supply chain crisis, consumer defensive stocks have outperformed the broader market so far. However, not all stocks in this sector are well-positioned to dodge the market’s volatility. For example, lately, Clorox Company (CLX) and Estée Lauder…

StockNews.com

Global stock markets fall sharply amid fears over inflation and China slowdown

FTSE 100 and S&P 500 among those to slide as investors worry that worldwide growth is weakening

The Guardian - UK

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Tribune News Service

Biden reaps record tax haul on meme stocks’ once-and-done frenzy

The surge in individual stock trading by Americans last year contributed to a record tax haul for the federal government this spring — shrinking the budget deficit and surprising Wall Street, but likely leaving President Joe Biden in no stronger shape as he battles for his fiscal agenda in Congress.

The Independent UK

Chile's Boric attempts relaunch as honeymoon ends abruptly

Chile’s youngest president Gabriel Boric was celebrated when he won election last year

Tribune News Service

Sri Lanka leader’s brother quits as PM in escalating crisis

The brother of Sri Lankan President Gotabaya Rajapaksa resigned as premier on Monday as weekslong protests over Asia’s fastest inflation turned violent, prompting the government to impose a curfew and call in the army.

Benzinga

Why Dogecoin Is Diving Today

Shares of several popular altcoins, including Dogecoin (CRYPTO: DOGE), are trading lower in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto Ethereum (CRYPTO:

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Benzinga

Why Bitcoin- And Ethereum-Related Stocks Are Diving

Shares of crypto-related stocks, including Bitfarms Ltd (NASDAQ: BITF), Coinbase Global Inc (NASDAQ: COIN) and Riot Blockchain Inc (NASDAQ:

Evening Standard

We’re facing a financial circle of doom as pound falls and inflation rises

Sterling’s recent tumble is just the latest in a saga of painful episodes for successive UK governments. During the post-war era of “fixed but adjustable” exchange rates, British politicians were regularly faced with the terrifying risk of a currency devaluation. Poor underlying competitiveness left successive administrations facing severe trade deficits.…

The Independent UK

Rishi Sunak urged to announce emergency budget as living costs spiral

British Chambers of Commerce salls for VAT cut and reversal of National Insurance hike

Birmingham Post

North East business group calls for emergency budget to help hard-pressed firms

The North East Chamber of Commerce has backed calls from the British Chambers of Commerce for measures to limit price pressures and boost productivity

StockNews.com

3 ETFs to Buy if You Think We're Nowhere Near a Bottom

The stock market has been under pressure of late for various macroeconomic and geopolitical reasons. Investors are primarily worried now that the Fed’s aggressive monetary policy tightening to tame surging inflation could tip the economy into recession. We think investors who believe the market has still to hit bottom even…

Evening Standard

City comment: Bank of England soothsayers face a lose-lose situation

Economic forecasting is a mug’s game.

Insider UK

Scottish businesses 'risk underestimating inflation rates'

Research reveals only 73% of Scottish businesses have only accounted for a 3% to 5% level of inflation this year

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