Workers face record pay slump against surging inflation Latest figures show a 4.1% drop in regular pay once inflation is taken into account - the biggest fall since records began Insider UK · Aug 16, 2022
Asian shares mostly higher, echoing Wall Street rebound Asian shares are mostly rising after a rebound on Wall Street, despite regional investor risks reflected in negative economic data out of China The Independent UK · Aug 16, 2022
UK wages in June fall at fastest rate for 20 years Real pay continues to be outstripped by soaring inflation amid a continuing cost of living crisis The Guardian - UK · Aug 16, 2022
Workers' pay falls at record levels as Tories 'have lost control of the economy' Boris Johnson is on his second holiday in a fortnight as Brits are facing a deepening cost of living crisis. Between April and June, regular pay slumped by 3% when taking skyrocketing inflation into account, according to official statistics. Daily Mirror · Aug 16, 2022
UK real pay falls by record 3%, as job vacancies also decline – as it happened UK wages adjusted for inflation decline at fastest rate in 20 years, while job vacancies fall, as average annual grocery bill is set to jump by £533 to £5,128 The Guardian - UK · Aug 16, 2022
Why you are now getting paid 3% less than you were a year ago It is the biggest fall since records began Wales Online · Aug 16, 2022
Cost of living crisis: Wages plunge at record pace as bills soar Real wages fall 3% after inflation but government claims ‘jobs market is strong’ as public sector workers receive huge pay cut and bankers enjoy big bonuses The Independent UK · Aug 16, 2022
One year into Taliban control, Afghans face poverty and repression. Australia cannot turn a blind eye One year after the fall of Kabul, life is difficult and precarious for almost everyone in Afghanistan. More than half of the 40 million people of this troubled country are facing severe malnutrition and grinding poverty, and 90% struggle with food insecurity. In a land of widows and orphans, disaster… The Conversation · Aug 16, 2022
Economy to continue growing despite disappointing Q2: Bank of Thailand Despite a weaker-than-expected second quarter, the economy is expected to continue growing in the second half of the year as tourism picks up, the Bank of Thailand (BoT) said on Tuesday, suggesting gradual policy tightening may continue. Bangkok Post · Aug 16, 2022
Total methane emissions have declined since 1991, but methane emissions from livestock are up The Inflation Reduction Act aims to reduce emissions from agriculture and natural gas systems , the top two sources of methane emissions USAFacts · Aug 15, 2022
Harris at 26 tie-breaking votes in the U.S. Senate, most ever cast in a single term Vice President Kamala Harris (D) cast three tie-breaking votes in the U.S. Senate related to the Inflation Reduction Act. On August 6, she cast a vote to proceed with debate on the bill, and on August 7 she cast votes to approve an amendment and to pass the bill. Ballotpedia · Aug 15, 2022
Dogs of the Dow: 2 Stocks to Buy and 2 to Hold The stock market has rebounded lately from the decline in the year's first half, thanks to better-than-expected corporate earnings and the expectation of easing inflationary pressure. However, a still uncomfortable inflation level and the possible aggressive rate hikes could keep the market volatile. The Dogs of the Dow investment strategy… StockNews.com · Aug 15, 2022
5 Passive Income Stocks to Buy in August 2022 Inflation is still hovering near 40-year highs, and many analysts expect the Fed to continue with its interest rate hikes. Therefore, the stock market is expected to remain under pressure. Moreover, the ongoing geopolitical tensions are adding to investors’ concerns. Given the uncertainties surrounding the market, it could be wise… StockNews.com · Aug 15, 2022
Nationwide are offering £1,200 cost of living bonus to thousands of workers The company is the latest to give employees an extra payment amid soaring energy costs and inflation. Daily Record · Aug 15, 2022
Chicago Sun-Times · Aug 15, 2022 Washington delivers some good news – yes, really There is more work to be done, but the Inflation Reduction Act shows what serious, committed public servants can accomplish when they work together.
Nottingham Post · Aug 15, 2022 Labour Party reveals plan to stop rising energy bills this winter This plan could save the average household £1,000
Glasgow Live · Aug 15, 2022 Soaring utilities cost could see £2m education overspend in East Renfrewshire The forecast is included in a report to councillors this week and is mainly due to “increased costs within utilities, PFI/PPP contracts and transport contracts due to inflationary pressures”.
Benzinga · Aug 15, 2022 Why Investors Shouldn't Be So Happy About 8.5% CPI Inflation; They're Ignoring 'The Elephant In The Room' The SPDR S&P 500 ETF Trust (NYSE: SPY) is up 3.4% in the past week, and much of the positive momentum has come after the July consumer price index (CPI) reading was up just 8.5% year-over-year.
Tribune News Service · Aug 15, 2022 Credit card balances rise above pre-pandemic high, as inflation hits Consumers continue to take on more credit card debt as inflation hikes up their spending.
Tribune News Service · Aug 15, 2022 Consumer prices are soaring. Here are the best ways to protect your savings While inflation is at the highest it’s been since the early 1980s, many people — especially those living paycheck to paycheck — may be struggling to save any money at all.
The Conversation · Aug 15, 2022 How to tackle the UK cost of living crisis – four economists have their say UK inflation, already at 40-year highs, could pass 13% in October, according to Bank of England forecasts. While wages have not kept pace with inflation, much of the expected squeeze on households and businesses is down to rising energy costs.
InsideEVs · Aug 15, 2022 Audi, Kia, Porsche Say Their EVs Will Lose US Tax Credit Eligibility The list of automakers criticizing the Inflation Reduction Act is getting longer by the day, but the bill will be signed this week by US President Joe Biden.
StockNews.com · Aug 15, 2022 3 Quality Stocks to Buy at Reasonable Price Levels Right Now The stock market has rallied since July after a disappointing first half of the year. However, with inflation remaining elevated despite declining from the 40-year high, the Fed will likely continue its aggressive interest rate hikes. Given this backdrop, it could be wise to invest in fundamentally strong stocks Progress…
The Independent UK · Aug 15, 2022 What is Labour’s plan to freeze energy bills? Sir Keir Starmer says he ‘wouldn’t let people pay a penny more’ and argues £29bn strategy would save families £1,000 a year and help bring inflation down
StockNews.com · Aug 15, 2022 The Meme Stock Mania Is Back — 3 Stock to Avoid Right Now Amid the market uncertainty surrounded by high inflation, aggressive interest rate hikes, and economic slowdown, the meme stock frenzy has returned this year. However, considering the macroeconomic and geopolitical headwinds, it could be wise to avoid fundamentally weak meme stocks AMC Entertainment (AMC), Peloton Interactive (PTON), and Bed Bath &…