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The Latest Breaking News from Inflation

Black Friday, Cyber Monday sales set to top $6b, as consumers shrug off soaring inflation

Australians are expected to add to last year's $6 billion spend in the Black Friday and Cyber Monday sales, even with inflation at a 30-year high.

ABC News

How I’m adjusting my holiday shopping in an uncertain economy

With rising inflation, mailing delays and shrinking inventory, it makes sense to start shopping early, with a plan to maximize your rewards.

Fortune

In some countries, the government is asking companies to give back to fight inflation. Volkswagen is just the latest German company to shell out bonuses worth thousands of euros

Volkswagen is paying employees a one-time bonus worth 3,000 euros. Other companies have taken similar measures to help workers cope with inflation.

Fortune

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read the most diverse news in one place.

UK workforce exodus could force BoE to raise interest rates, says chief economist

Departure of more than 500,000 workers since Covid risks stoking inflation, says Huw Pill

The Guardian - UK

Nigeria hopes new currency notes curb inflation, corruption

Nigeria has unveiled newly designed currency notes that the West African nation’s central bank says will help curb inflation and money laundering

The Independent UK

Shoppers hunt for deals but inflation makes bargains elusive

Consumers holding out for big deals — and some much-needed relief from soaring costs on just about everything — may be disappointed as they head into the busiest shopping season of the year

The Independent UK

2 Stocks to Get Bullish on Now if You Aren't Already

Amid rampant macro headwinds, a recession seems imminent. However, following October's favorable inflation data, experts believe the chances of a 'soft landing' have increased. Moreover, bullish sentiment significantly improved over the past week. Thus, this could be the right time to scoop up shares of quality stocks Comcast (CMCSA) and…

StockNews.com

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The US dollar is getting stronger: African countries are feeling the pain and have few policy options

The US dollar has been advancing rapidly in response to the Federal Reserve’s resolve to keep raising policy rates for longer to regain control of stubbornly high inflation. This has far reaching consequences. The US dollar is prominently used around the world as an international medium of exchange and as…

The Conversation

Australia’s economy remains afloat – but there are choppy waters ahead

The OECD predicts 1.9% economic growth for Australia next year. That’s the good news

The Guardian - AU

The 3 Most Stable Stocks to Buy in This Crazy Market

Even though the most recent inflation data shows signs of cooling down, the Fed will likely continue raising rates to meet its target. Moreover, the weakening profit outlook for the fourth quarter only adds to the recession worries. Hence, fundamentally strong and stable stocks PepsiCo (PEP), Cisco Systems (CSCO), and…

StockNews.com

People working from home want to go back to office because of cost of living

83% people surveyed are worried about the current cost of living crisis as they face soaring inflation and higher bills

Wales Online

US turkey shortages and rising prices add extra stress to Thanksgiving

Inflation and a long outbreak of avian flu before the holidays mean higher prices and smaller birds – or none at all

The Guardian - US

Editorial: Why is it so hard to build in America? Blame red tape

President Joe Biden says the Inflation Reduction Act, which contains some $370 billion in climate spending, represents the most sweeping government investment in clean energy “ever, ever, ever.” To ensure that investment is worthwhile, he’ll need an equally unprecedented overhaul of federal rules and regulations. Congress should make such reforms…

Tribune News Service

Afternoon Update: Labor stings RBA governor on wages remark; Friendlyjordies’ home ‘firebombed’; and the world’s oldest meal

RBA governor Philip Lowe says it is ‘best [to] avoid’ pushing wages up even as workers suffer real wage cut due to inflation

The Guardian - AU

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The Independent UK

New Zealand hikes interest rate to 4.25% to fight inflation

New Zealand’s central bank has hiked interest rates by a record amount as it tries to get inflation under control

The Guardian - AU

New Zealand forecasts recession in 2023 as it delivers largest rate hike in history

New Zealand’s reserve bank says spending levels still need to be reduced with rate rises, in order to tame inflation

StockNews.com

Holiday Stock Rally is an “Optical Illusion”

Holiday sessions like this week have a naturally bullish bias for stocks (SPY). That’s because the joy of Thanksgiving typically leaks over to higher stock prices. The risk is giving this upward movement any significance when the long term trajectory is still decidedly bearish. Let’s do a roll call of…

StockNews.com

4 Stocks That Could Fetch You High Returns in 2023

Despite continued interest rate hikes by the Fed, analysts believe the U.S. economy is showing resilience. Moreover, inflation is expected to decline significantly next year. Therefore, investing in fundamentally sound stocks Bristol-Myers Squibb (BMY), Lockheed Martin (LMT), HCA Healthcare (HCA), and Murphy USA (MUSA) could help you fetch higher returns…

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StockNews.com

The 5 Best Stocks to Invest in for the Long Term

Despite current market uncertainties, the U.S. economy's long-term growth prospects are pretty viable. Experts believe inflation will fall dramatically in the coming year, and robust growth will follow. Therefore, investors could buy quality stocks Microsoft (MSFT), Vertex Pharmaceuticals (VRTX), Centene (CNC), Agilent Technologies (A), and Myers Industries (MYE), which seem…

The New Daily

Michael Pascoe: Interest rates won’t work like they used to

The RBA board should be thinking very, very seriously about before lifting interest rates again, Michael Pascoe writes.

Kiplinger

How Long? How Often? 10 Facts About Economic Recessions

Fears of an economic downturn are once again on the rise, but what is a recession, exactly? We tackle this and other questions here.

Foreign Affairs

Not Just Another Recession

Why the global economy may never be the same.

The Independent UK

Tory MP warns of ‘long term question marks’ over ‘sustainability’ of triple lock

Former work and pensions secretary Stephen Crabb urged the Treasury to have a ‘more honest discussion’.

The Independent UK

2023 will be a very difficult year, OBR member warns MPs

David Miles said the impact of rising interest rates and inflation will cause pressure next year but they are predicted to turn a corner in 2024.

AAP

Business output shrinks for second month

Demand for services has cooled off but manufacturing conditions remain relatively robust, according to a new survey.

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