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The Latest Breaking News from Inflation

Libs won't back 'artificial' wage figure

Employment Minister Stuart Robert won't reveal whether he would support the minimum wage to rise at the pace of inflation following dismal wages figures.

AAP

Police should use ‘discretion’ if cost-of-living crisis fuels rise in crime, police watchdog warns

Rising prices will ‘be challenge for policing to deal with’, Andy Cooke warns

The Independent UK

Sector Rotation And 9 Stocks To Watch During A Recession

Is the United States heading toward a recession? This has been the looming question on the minds of Americans since inflation topped at 8.5% in March, matched with other indicators such as rising interest rates and the bond market’s inverted yield curve.

Benzinga

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read the most diverse news in one place.

EXPLAINER: Why is Wall Street close to a bear market?

The bears are rumbling toward Wall Street

The Independent UK

Plibersek says Albanese has a ‘tough job’ as polls tighten – as it happened

Follow all the day’s developments live

The Guardian - AU

Poor Brits hit hardest as inflation goes up by 10.9% - but only 7.9% for rich households

Rishi Sunak is still refusing to help ease the cost of living crisis by resisting demands for a windfall tax on energy giants. Meanwhile, households are facing high costs

Daily Mirror

U.S. Retailers Announced Nearly Seven Times As Many Store Openings As Closings In 1Q22

By Patrick McKeever While there are growing concerns about record inflation, rising borrowing costs, the psychological impact of Russia’s invasion of Ukraine, and record-high gasoline prices, U.S. consumers continue to be very resilient, buoyed by broad-based labor-market strength, solid wage gains and accumulated savings during the pandemic.

Benzinga

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TISI dips to 86.2 in April on oil price hike

The Thailand Industry Sentiment Index (TISI) in April fell to 86.2 points from 89.2 in March due mainly to the global oil price surge, driven by the prolonged Russia-Ukraine war, and higher inflation.

Bangkok Post

Spectre of 2023 global recession looms

In economics, there is no such thing as a surprise. Major economic events like rising inflation, interest rate hikes, currency depreciation, even economic recession can be detected as far as a year ahead.

Bangkok Post

Housing demand unchanged

Despite rising inflation and downgrades to economic growth, housing demand this year is expected to remain unchanged as the country's reopening can help offset those deficits, according to the Real Estate Information Center (REIC).

Bangkok Post

ASX tumbles, Dow Jones drops 1,100 points as Wall Street suffers its worst sell-off since 2020

Australian shares fall sharply as Wall Street suffers its worst daily sell-off in two years, while US retailer Target reveals the costs of surging inflation, sending its share price down 25 per cent in a single day.

ABC News

Is Costco Raising The Price Of Its Famous Hot Dog Due To Inflation?

Being able to get a hot dog and soda for the low price of $1.50 has become a staple for Costco Wholesale Corporation (NASDAQ: COST) stores. Is the membership warehouse club raising the price of the combo finally?

Benzinga

Tory MPs vote down emergency budget to tackle cost of living crisis

The Conservatives turned down Labour's attempt to force an emergency budget

Liverpool Echo

Dow sinks 1,100 points in worst day since 2020 amid fears over inflation

Drop in the Dow Jones Industrial Average is the worst single-day performance since March 2020

The Independent UK

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Chicago Sun-Times

Lightfoot’s pre-election budget shortfall now $561 million lower, due to surging tax revenues, held over federal relief

Nearly a year ago, a $866.8 million shortfall had been projected for 2023. But a top city official warned Wednesday that the revised shortfall of roughly $306 million is still “very preliminary” and easily could rise.

The Guardian - US

US stock markets fall sharply as investors worry about recession

Dow Jones sinks more than 1,100 points as S&P closes down 4%, its largest fall since June 2020, and Nasdaq loses 4.7%

Bristol Post

What rocketing inflation means for food prices as prices of pasta, bread and drinks rise

Inflation is now as high as 11 per cent

Liverpool Echo

Cheapest loaf of bread as Aldi, Lidl, ASDA, Sainsbury's, Morrisons, Tesco prices checked

The price of a loaf of sliced white bread has been tracked in the UK since 1971 as a measure of inflation

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news in one place.

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Benzinga

5 Walmart Analysts React To Mixed Q1 Earnings: 'Particularly Attractive Buying Opportunity'

Walmart Inc (NYSE: WMT) shares were in the clearance aisle Wednesday after the company reported rising costs related to supply chain problems and inflation in the first quarter.

Wales Online

Conservative MPs vote down emergency budget amid cost of living crisis

An amendment to the Queen's Speech was voted down

WEKU

Stocks slump again. This time, it's retailers such as Target spooking investors

The Dow fell by more than 1,000 points as retailers' earnings reports reflected difficulty navigating higher prices and supply chain bottlenecks.

Ballotpedia

Hall Pass: Your Ticket to Understanding School Board Politics

Welcome to Hall Pass. This newsletter keeps you plugged into the conversations driving school board politics and governance. Each week, we bring you a roundup of the latest on school board elections, along with sharp commentary and research from across the political spectrum on the issues confronting school boards in…

The Independent UK

The graphs that show how dire the inflation crisis is

Cost-of-living is to get worse as inflation is expected to continue rising, Bank of England warns

Benzinga

Mid-Afternoon Market Update: Nasdaq Down Over 500 Points; Crude Oil Falls 2.5%

U.S. stocks extended losses toward the end of trading, with the Nasdaq Composite dipping more than 500 points on Wednesday.

The Independent UK

Rishi Sunak says government can’t stop inflation as clamour grows to help poorest

Chancellor offers tax breaks to business, but shuns calls for new help for families

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