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The Latest Breaking News from Inflation

Edinburgh roaster warns morning takeaway coffee could become ‘luxury lifestyle decision' as inflation soars

Soaring price of milk and other goods puts pressure on outlets

Insider UK

Pound rises over $1.13 and stock market closes higher as Liz Truss resigns – as it happened

Sterling has gained a cent against the US dollar after PM quits, on hopes that UK economic and political turmoil could ease

The Guardian - UK

Biden snaps at Fox News reporter for asking him his top priority for US

‘Multiple issues and they’re all important and we ought to be able to walk and chew gum at the same time,’ says Biden

The Independent UK

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Asian shares fall after weak earnings pull Wall St lower

Asian shares are mostly lower after Wall Street benchmarks fell, reversing course after two days of gains

The Independent UK

Millions of families skipping meals amid cost of living crisis, Which? finds

Inflation rose to 10.1 per cent in September

The Independent UK

Charities call for benefits to rise in line with inflation as prices soar

CHARITIES have called for benefits to be raised in line with inflation after the Consumer Prices Index showed the figure had reached a 40-year high.

The National (Scotland)

Liz Truss should get rich to pay up as Scots face another inflation blow

Record View says the Truss Government is probably the worst in British history and offers people nothing but contempt.

Daily Record

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Waitrose sees sales of spam and fish heads rise by third in cost of living crisis

Upmarket supermarket Waitrose has seen the sales of spam and fish heads rise by a third as the country is hit by a cost of living crisis with soaring inflation and energy bills

Daily Mirror

Cathie Wood Picks Apart Fed's Hawkish Policy Again: 'Elon Musk, Jeff Gundlach Echoed Our Concerns About Deflation Risk'

Cathie Wood, the founder of ARK Investment Management, reiterated her belief that the U.S. Federal Reserve is making unanimous decisions based on laggi

Benzinga

Republicans gain in US midterm polls with three weeks until election

The United States midterm elections will be held in nearly three weeks, on November 8. All 435 House of Representatives seats are up for election, as well as 35 of the 100 senators. Democrats won the House by 222-213 in 2020, and hold the Senate on a 50-50 tie with…

The Conversation

UK hospitality sector declines at fastest pace since lockdown

Pubs, hotels and restaurants experienced fastest fall in output of any UK sector on Lloyds tracker

The Guardian - UK

Liz Truss clings to power after an evening of chaos as Tory MPs are 'manhandled' in vote

Tory discontent has become a massive distraction for the PM, who should have been dealing with soaring inflation that has sent prices rocketing, with the cost of food up by 14.5% on last year

Daily Mirror

2 Stocks to Buy in October and Hold Forever

Better-than-expected corporate earnings and stubbornly high inflation numbers may be enough to convince the Fed to continue with its aggressive rate hikes, thereby dampening market sentiments. With the market volatility set to continue in the foreseeable future, it could be wise to buy fundamentally strong stocks Comcast (CMCSA) and Energy…

StockNews.com

Japan's post-Abe trust crisis under PM Kishida

No one could have foreseen that Japanese Prime Minister Fumio Kishida's popularity would nosedive so soon after the Liberal Democratic Party triumphed in July's election to the Upper House of the Japanese Diet. Until recently, Mr Kishida's government received consistently high approval ratings. But the LDP's links to a controversial…

Bangkok Post

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ABC News

ASX falls on job numbers and as recession fears return to Wall Street

Recession fears return to the ASX and Wall Street with stocks ending a two-day rally. Weaker employment growth in Australia also weighs on shares.

Chronicle Live

How prices of every day foods like bread, milk and cheese have risen in the past year

The ongoing cost of living crisis influenced by the Russian invasion of Ukraine and rife inflation has bumped up the cost of many household items

The Conversation

Global recession looks likely. Even if Australia escapes it, we are in for a bad couple of years

Economics is confusing at the best of times. But, at the moment, it’s downright counter-intuitive.

Wales Online

Flat white 'will cost £4' by end of the year due to rising milk costs

The morning coffee which many grab on the way to work could become unaffordable

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news in one place.

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Chicago Sun-Times

Standard deductions, tax brackets rise due to inflation

The IRS is increasing standard deductions for 2023 and tax brackets will be revised upward because of inflation.

Axios

The new income tax brackets for 2023 likely to boost your paycheck

Here's a breakdown of income and rates for next year.

The Guardian - UK

How Iceland’s legion of shoppers are making ends meet as inflation soars

As UK inflation tops 10%, a discount for over-60s at Manchester’s Urmston branch is proving a lifeline for many

Salon

Porter: Corporate greed drives inflation

Armed with a chart, Porter got economist Mike Konczal to agree that corporate profits drove price increases

Daily Record

How 10.1% inflation impacts your spending - plus full list of the biggest rises

Prices of food and energy have been blamed for the latest increase, but how does inflation affect your money?

Liverpool Echo

Amount your Universal Credit could be cut in April after Liz Truss benefit changes

Liz Truss has dropped the Tory guarantee that the state pension and benefits will rise by 10.1% in April

StockNews.com

2 Stocks Under $50 You Shouldn’t Ignore in Q4

Sky-rocketing inflation and the Fed’s hawkish tilt have led to an economic slowdown. However, a decent start to the corporate earnings season is lifting investors’ optimism. And we think it will not be wise for investors to ignore fundamentally solid stocks such as Pfizer (PFE) and Kroger (KR), currently trading…

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