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The Latest Breaking News from Inflation

Bitcoin, Ethereum, Dogecoin Extend Losses On Inflation Report, Terra (LUNA) Fiasco: Whales Become 'Extremely Active' For This Coin

Major coins crashed sharply with Ethereum down more than 10% as the global cryptocurrency market cap dropped 10.25% to $1.3 trillion at press time.

Benzinga

Yes, $5 for lettuce is too much. Government should act to stem the rising cost of healthy eating

The cost of living is on the rise. The recent Consumer Price Index (a measure of inflation of a standard basket of goods) revealed Australians’ grocery baskets are one of the biggest casualties.

The Conversation

Biden mocks Trump as ‘the great MAGA King’ as he blames him for leaving US economy ‘on the brink of a Great Depression’

‘Under my predecessor, the great MAGA king, the deficit increased every single year he was president’

The Independent UK

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Albanese Declared Winner Of Final Leaders’ Debate After Morrison Praised Him For Being … Poor?

Anthony Albanese has been declared the winner of the third and final leaders’ debate of the election campaign but we can't get our hopes up.

Pedestrian.tv

President Biden seeks to unite electricians in Chicago and farmers in Kankakee behind him — and against Putin

In Kankakee, Biden sought to focus farmers’ anger on Russian President Vladimir Putin and “Putin’s war.” In Chicago, an animated Biden detailed his infrastructure plan’s creation of jobs at the International Brotherhood of Electrical Workers’ International Convention.

Chicago Sun-Times

Senate confirms Black economist to Federal Reserve Board

The Senate has confirmed economist Phillip Jefferson to the Federal Reserve’s Board of Governors

The Independent UK

Why Dogecoin Spin-Off Floki Inu Is Up 50% Today, Leaving Bitcoin And Ethereum In The Dust

Floki Inu (CRYPTO: FLOKI) is trading higher by some 49.13% to $0.00001159 Saturday morning.

Benzinga

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Little evidence of house price growth losing momentum, say surveyors

House prices have recently soared to a string of record highs.

The Independent UK

Confidence in household finances hits record low

Confidence in household finances over the short term hit an all-time low in the survey from YouGov and the Centre for Economics and Business Research.

The Independent UK

Industry leaders warn of challenges ahead for Thai economy

Despite a gradual recovery projected for the tourism sector, Thailand's economy still faces a spate of challenges including the persistent pandemic and the impact of Russia's invasion of Ukraine, which has disrupted global commerce, pushed up oil prices and threatened food supplies.

Bangkok Post

Why Bitcoin Gold Is Falling Sharply Today

Shares of several popular altcoins, including Bitcoin Gold (CRYPTO: BTG), are trading lower again Wednesday in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto, Ethere

Benzinga

Why Baby Dogecoin Is Diving Today

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

Benzinga

White House ties Republicans to a tax-increase plan disowned by GOP

WASHINGTON — President Joe Biden, in his battle to craft a winning message on the fight to tame decades-high inflation, has sought to tie Republicans to a plan that calls for higher taxes on low-income Americans.

Tribune News Service

Will Bitcoin Billionaire Investor Michael Saylor End up at McDonald's?

The MicroStrategy CEO and biggest corporate owner of bitcoin is HODLING for the long haul, come bull or bear market.

Reason

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Benzinga

DXY: US April CPI Keeps Inflation Fears Alive

Those who awaited US April CPI data hoping for a summary execution of the inflation narrative walked away from Wednesday’s release disappointed. But the reality is that inflation, although falling, is not doing so quite at the rate most were expecting. For the time being, traders will need to balance…

Tribune News Service

Dallas Fed appoints first female president to succeed Rob Kaplan

Federal Reserve Bank of New York executive Lorie Logan will become the 13th president of the Dallas Fed and its first female chief following a seven-month search.

Bangkok Post

Minimum wage hike in spotlight

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) believes Thailand can manage 2.5-4% GDP growth this year if an increase in the daily minimum wage is appropriate given the higher living costs.

Caixin Global

Biden Considers Dropping China Tariffs to Fight Inflation

American president says he may roll back costly Trump duties to lower prices on goods in the U.S., though ‘no decision has been made’

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Benzinga

What's Going On With GameStop Stock Today?

GameStop Corp (NYSE: GME) shares are trading lower Wednesday alongside several companies in the retail and apparel space amid overall market weakness as investors digest the latest U.S.

Benzinga

Markets Resume Selloff Following Worse-Than-Expected CPI Report

U.S. indices finished Wednesday's trading session lower. Markets were highly volatile following the April CPI report, which showed worse-than-expected inflation. The headline CPI rose 8.3% in April, down slightly from 8.5% in March but above economist estimates of 8.1%. Prior to 2022, the CPI hadn't risen 8.3% in any month since…

StockNews.com

3 Gold Mining Stocks to Buy in May: Centerra, Centamin, and New Gold

Gold demand increased substantially in the last quarter due to inflation and intensifying geopolitical tensions and is expected to continue surging this year. Furthermore, the price of gold could surpass $2,000 per ounce soon. Given the bullish expectations, we think gold mining stocks Centerra (CGAU), Centamin (CELTF), and New Gold…

Daily Record

Ofgem boss warns of ANOTHER energy bill hike amid £3,000-a-year war

The news comes as a report has revealed 1.5 million UK households will struggle to pay food and energy bills amid a deepening cost-of-living crisis

ABC News

Surging prices rattle markets and tech stocks, while Bitcoin tanks to below $US27,000

Surging prices — and the possibility of looming interest rate hikes — are rattling global markets, tech stocks and crypto, while investors are going back to the "haven" of the greenback.

Motor1

Best Tire Inflators With Gauges

We examine the best tire inflators with gauges on the market.

The Canberra Times

How raising minimum wage will impact consumers

Raising the minimum wage in line with cost of living would see Canberra businesses passing on the costs to consumers, businesses say.

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