Chidambaram blames handling of economy for falling rupee He also criticised Prime Minister Narendra Modi's one million job drive, and said that it would not help ease the employment crisis in the country The Hindu · Jul 16, 2022
Customers furious as inflation hits PoundBakery with prices raised over £1 One customer shared their disgruntlement after visiting the bakery in Stockport, Manchester to discover that the price of sausage rolls had increased by 20 per cent Daily Mirror · Jul 16, 2022
Surprise tightening in Asia ups pressure on Dovish central banks Central banks in Asia that remained dovish even in the face of soaring inflation may see their resolve tested after a surprise tightening by peers in the region leaves their currencies vulnerable to sell-off, according to economists. Bangkok Post · Jul 16, 2022
3 Biotech Stocks to Beat the Bear Market 2022 is a challenging year for the market. After battling surging inflation for the first six months, another threat is emerging with rising recession risk. Biotech stocks could be a place where investors can find outperformance given their low valuations and strong long-term fundamentals. StockNews.com · Jul 16, 2022
Biden says he confronted Saudi crown prince over Khashoggi’s killing JIDDA, Saudi Arabia — President Joe Biden shared a fist bump Friday with the leader of the oil-rich country he once vowed to make a “pariah” over its human rights abuses as the White House scrambles to mitigate record inflation and high gas prices hammering Americans in an election year. Los Angeles Times · Jul 15, 2022
Tory rivals round on Mordaunt over trans issues and tax cuts in televised clash Amid a series of bruising exchanges, the international trade minister said the attacks showed ‘no-one wants to run against me’. The Independent UK · Jul 15, 2022
Alibaba vs. Amazon: Which E-Commerce Giant Is the Better Investment? Despite high inflationary pressure and continued supply chain disruptions, resilient consumer spending and enhanced delivery services should help the e-commerce industry to stay afloat. However, considering the uncertain market conditions, e-commerce giants Amazon.com (AMZN) and Alibaba Group (BABA) are expected to remain under pressure. But is it wise to buy… StockNews.com · Jul 15, 2022
Mordaunt under attack from Tory rivals in TV clash The international trade minister came under fire over tax plans and her record on transgender issues in first televised debate. The Independent UK · Jul 15, 2022
China slump and Fed on investors' minds Recap: Asian shares were mixed yesterday as investors grew more concerned over the economic downturn after data showed a sharp second-quarter slowdown in China. However, some investors welcomed comments from two US Federal Reserve governors who said an overly aggressive interest-rate increase was probably not needed. Bangkok Post · Jul 15, 2022
Short-term outlook remains volatile, but stay the course 2022 has so far felt like a perfect storm for the global economy and financial markets. Changing monetary policy, decades-high inflation, the war in Ukraine and supply-chain disruptions, to name a few, have taken a toll on investor sentiment. Bangkok Post · Jul 15, 2022
AIMC touts short-term debt strategy The Association of Investment Management Companies (AIMC) recommends investors focus on short-term debt investments from the US, China and Thailand as well as large-cap equities in emerging markets to avoid losses from a recession triggered by high inflation and rate hikes. Bangkok Post · Jul 15, 2022
5 Stocks Trading Well Under $15 to Watch With surging inflation and increasing odds of a recession due to the aggressive interest rate hikes by the Fed, the stock market is expected to remain under tremendous pressure. Therefore, this could be an opportune time to pick quality stocks trading at attractive prices. TETRA Technologies (TTI), Target Hospitality (TH),… StockNews.com · Jul 15, 2022
4 Stocks Every Investor Should Consider Buying in the Second Half of 2022 Given the rising inflationary pressures and other macroeconomic headwinds, investors should consider buying stocks with stable fundamentals that can help them hedge their portfolios against potential market fluctuations. AutoNation (AN), Hugo Boss (BOSSY), CVS Health (CVS), and Hillenbrand (HI) possess solid fundamentals to survive uncertain market conditions. So, these stocks… StockNews.com · Jul 15, 2022
Mordaunt clashes with rivals on trans issues in Tory leadership TV debate Liz Truss and Kemi Badenoch accused Ms Mordaunt of backing self-identification. The Independent UK · Jul 15, 2022
Benzinga · Jul 15, 2022 S&P 500 Claws Back Some Early Week Losses As Q2 Earnings Season Kicks Off The SPDR S&P 500 ETF Trust (NYSE: SPY) recovered nearly all of its early week losses on Thursday and Friday as investors digested more troubling inflation data and the first batch of second-quarter earnings reports.
The New Daily · Jul 15, 2022 Michael Pascoe: ‘Everyone’ was wrong about wages – and they may be again Workers don’t think their boss is open to giving a fat pay increase, writes Michael Pascoe. Fears of a a wage-price spiral are well overblown.
StockNews.com · Jul 15, 2022 3 REITs to Pay Close Attention to the Second Half of 2022 With inflation at its 40-year high and the Fed’s persistent efforts to control it, the market volatility is not expected to ease anytime soon. However, REIT stocks are historically known to provide a steady income stream through dividends. Therefore, investing in quality REIT stocks Alliance Global Group, Inc (ALGGY), Crown…
StockNews.com · Jul 15, 2022 2 Stocks Trading Under $3: Are They Really Bargains? Rising inflationary pressure, aggressive interest rate hikes, and increasing odds of a recession have led major stock market indices to witness massive sell-off lately. FuboTV (FUBO) and Sundial Growers (SNDL) have lost significantly and are currently trading below $5. However, considering their weak fundamentals, it could be wise to avoid…
Los Angeles Times · Jul 15, 2022 Biden offers historic fist bump in Saudi Arabia as he abandons promise to isolate the kingdom JEDDAH, Saudi Arabia — President Joe Biden met here on Friday with the leaders of the oil-rich country he once vowed to make a “pariah” over its human rights abuses as the White House scrambles to mitigate record inflation and high gas prices hammering Americans in an election year.
Benzinga · Jul 15, 2022 What The University Of Michigan Consumer Sentiment Survey Means For The Economy, Inflation And Consumer Confidence The consumer price index for June increased 1.3%, while the index increased 9.1% over the past 12 months, with energy and food leading the way yet again for inflation. The Data: As of Friday morning, the University of Michigan Surveys of Consumers released the preliminary results on consumer sentiment for July 2022.
The Independent UK · Jul 15, 2022 Manchin wants Dems to pause budget bill, risking its fate Sen. Joe Manchin says Democrats should delay a broad economic package until more data on inflation is available later this summer
The Independent UK · Jul 15, 2022 Moldova gets support from partners amid series of hardships Moldova received about 600 million euros in pledges at a donors conference to help the tiny country overcome rising inflation and the impact of Russia’s war in Ukraine
Los Angeles Times · Jul 15, 2022 President Biden arrives in Saudi Arabia, reversing promise to make it an international outcast JEDDAH, Saudi Arabia — President Joe Biden arrived at the Royal Palace here on Friday to meet with the leaders of the oil-rich country he once vowed to make a “pariah” over its human rights abuses as the White House is scrambling to mitigate record inflation and high gas prices…
Benzinga · Jul 15, 2022 Why 40% Of Monthly U.S. Food Budgets Are Spent On Restaurants: Report The record-high inflation level has yet to take a bite out of Americans’ dining out habits, as a new survey from Popmenu found that 40% of individual or family food budgets in the U.S. is spent on restaurants each month.
Daily Mirror · Jul 15, 2022 There could be more wage strikes if workers made to pay price for inflation, union warns Unite general secretary Sharon Graham said there could be hundreds of disputes involving tens of thousands of people over the coming months if workers are made to pay the price for inflation