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The Latest Breaking News from Inflation

Martin Lewis warns a new Universal Credit system is coming that will leave Brits worse off

The Money Saving Expert has warned the government is going to move people onto a new system where they willearn substantially less amid a cost of living crisis

Manchester Evening News

Don't expect the Fed to bail out the stock market this time

The days of the 'Fed put' are probably over

Axios

Tesco customers' heartbreaking requests to staff as boss demands tax on energy giants

John Allan, the chairman of Tesco said there is an “overwhelming need” for a windfall tax on energy companies after seeing the supermarket’s customers “extremely stretched”

Daily Mirror

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Fears more High Street stores could collapse as spending falls

The BRC and KPMG warned that retailer will struggle to absorb rising costs

Evening Standard

George Skelton: Everyone wins in compromise to increase malpractice payouts — especially victims

SACRAMENTO, Calif. — It's being called the Sacramento equivalent of the Berlin Wall falling. Or a Middle East peace pact.

Los Angeles Times

Martin Lewis issues warning to 2.6million people on benefits as DWP switchover begins

More than 2.6million people on legacy benefits will start to be moved over to Universal Credit from this week in an automatic process that was previously halted due to the Covid-19 pandemic

Daily Mirror

Labor leader Anthony Albanese backs minimum wage increase in line with inflation

In an unusual move, Opposition Leader Anthony Albanese endorses a 5.1 per cent increase to the minimum wage as inflation skyrockets.

ABC News

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Northern Tasmania needs more people, and businesses want government help to get them

Businesses in the marginal Liberal seats of Bass and Braddon want help getting people to the island. They also need somewhere to live.

ABC News

Bitcoin Falls Below $30,000, Lowest since July 2021

Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors spooked by aggressive US monetary tightening and surging inflation. The world's largest cryptocurrency by market value fell as low as $29,764 in Tuesday trade, before recovering above $30,000, extending a…

Asharq Al-Awsat

Tesco chairman calls for energy windfall tax; Markets rebound after ‘everything rout’ – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Asian stocks follow Wall St down on rate hike, economy fears

Asian stocks have followed Wall Street lower as fears increased that U.S. rate hikes to fight inflation might stall economic growth

The Independent UK

Stand by for the oddly designed Stage 3 tax cut that will send middle earners backwards and give high earners thousands

The Reserve Bank is pushing up interest rates to take money out of our hands.

The Conversation

California Democratic supremacy tested by crime, inflation

With rising crime fears, a homelessness crisis and soaring prices, Republicans hope California's troubles will help create a pathway for some rare wins in the heavily Democratic state

The Independent UK

Martin Lewis' warning to anyone on Universal Credit

The MSE founder has also given advice on how people on Universal Credit could get up to £1,200

Liverpool Echo

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Wales Online

Shoppers cut back on spending due to surge in cost of living

Sharp downturn in consumer confidence prompts consumers to 'put brakes' on shopping and eating out

The Guardian - AU

Election 2022: Anthony Albanese backs 5.1% minimum wage rise to keep pace with inflation

Labor leader says he ‘absolutely’ supports increase, after earlier declining to commit to figure pushed by unions

The Times of India

Explainer: What pulled rupee down to its lowest value?

NEW DELHI: The rupee closed on Monday at a new all-time low of 77.50 against dollar breaching the previous record of 77.05 earlier in day.

Reuters

S.Korea's Yoon suggests 'audacious' economic plan if N.Korea abandons nukes

South Korea's new president, Yoon Suk-yeol, said on Tuesday that North Korea's weapons programmes pose a threat but that he is ready to provide an "audacious" economic plan if the North is committed to denuclearisation.

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Axios

Elizabeth Warren grabs center stage

The Massachusetts senator's influence pervades the party.

Tribune News Service

News briefs

Inflation and worker shortage fuel push on immigration bills

Benzinga

Why Real Estate Technology is the Next Big Growth Opportunity for Investors — PropTech

With growing economic uncertainty and no end in sight to skyrocketing inflation, investors are frantically looking for stable investment opportunities that can hedge against inflation.

Benzinga

Why Baby Dogecoin Is Getting Hammered Alongside Bitcoin, Ethereum Today

Baby Dogecoin (CRYPTO: BABYDOGE) is trading sharply lower some by 15.6% at $0.000000001017 Wednesday evening. Shares of several popular altcoins are trading lower during Wednesday's session following a CoinDesk report suggesting Binance is

Benzinga

Why Did The Nasdaq Index Fall 5% On Thursday?

The Nasdaq Composite Index, the benchmark for technology stocks in the US, fell to its lowest level since November 2020 on Thursday, May 5, which can be attributed to a number of factors, including lacklustre earnings from e-commerce firms like eBay (NASDAQ: EBAY) and macro-economic factors like the Federal R

Benzinga

Why Ethereum Classic Is Nosediving Again Today

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

Benzinga

Why Bitcoin SV Is Falling Today

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

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