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The Latest Breaking News from Inflation

3 Meme Stocks to Avoid No Matter What Anyone Says

The meme craze is back again, following a pause for a few months, as evident from the short-squeeze-driven rallies of several struggling stocks lately. As the stock market is expected to remain highly volatile in the near term, we think investors should shun fundamentally bleak meme stocks Robinhood Markets (HOOD),…

StockNews.com

Drought in Western US heats up as a Senate campaign issue

The consequences of drought and efforts to funnel billions of dollars toward securing water supplies in the West are becoming larger issues in two of the most consequential races for the U.S. Senate

The Independent UK

Supermarket prices of milk, cheese and eggs compared as food prices soar to 14-year high

A surge in the prices of milk, cheese and eggs has pushed inflation levels to record-highs.

Daily Record

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Dunnes still most popular supermarket as inflation on groceries hits all-time high of 11%

The cost of living crisis is being felt hard by millions of Ireland people

Irish Mirror

Commentary: Europeans are headed for a painful chapter, but they are resilient

Europe is under greater pressure than at any time since World War II. An energy crisis precipitated by Russia’s war on Ukraine has morphed into a broader economic calamity with implications for decades to come. The grand experiment of European solidarity is being tested.

Los Angeles Times

Erdogan Says Inflation Not 'Insurmountable Threat'

Turkish President Tayyip Erdogan said inflation is not an "insurmountable economic threat," adding it will begin to fall at the end of the year after it surged to more than 80% in August. Under Erdogan's economic program, Türkiye gradually cut interest rates by 500 basis points at the end of…

Asharq Al-Awsat

Saudi Stocks Return to Previous Levels

The main Saudi Stock Exchange (Tadawul) continued its sharp decline, dropping 1.1 percent, closing Monday at 11,446 points, with a loss of 126 points, touching its lowest level in nearly two months. This week, the Saudi stock market was affected by developments in the global markets and stock exchanges, which…

Asharq Al-Awsat

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Editorial: Pass permitting reform: It’s good for the country, and a condition of passing the Inflation Reduction Act

Bernie Sanders is embarrassing himself. The Vermont senator is pitching a fit about Democrats’ plans to attach reforms streamlining the approval of energy projects to a must-pass piece of legislation like a bill funding the government. He calls it Joe Manchin’s “side deal,” and that’s about the only thing he’s…

Tribune News Service

Gold's allure to dim in India on lower rural income

Gold sales in India may suffer this year as inflationary pressures and an erratic monsoon could hurt farmers' incomes, reducing their ability to buy the precious metal.

The Times of India

Asia shares rise on US rally ahead of expected Fed rate hike

Asian shares have advanced after Wall Street closed higher on a last-minute buying spree following recent losses

The Independent UK

Asia shares rise on US rally ahead of expected Fed rate hike

Asian shares have advanced after Wall Street closed higher on a last-minute buying spree following recent losses

The Independent UK

News briefs

‘Growing numb’: Frustrated McConnell tries to keep focus on inflation, not culture wars

Tribune News Service

Ald. Vasquez seeks to cap City Council pay raises

Ald. Andre Vasquez is not one of 17 council members who have declined the latest pay raise. But he’s not oblivious to the pre-election dilemma. In fact, he’s proposing a cap of 5% or the inflation rate, whichever is yes.

Chicago Sun-Times

Central banking must go green

Just as there is no question that climate change brings enormous economic and financial risks, there should be no question that central banks can and must play a role in addressing this mother of all market failures. As central banks in the United States and Europe tighten credit to regain…

Bangkok Post

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StockNews.com

The Red Flags Continue to Mount for These 3 Stocks

The raging inflation and the Fed’s aggressive interest rate hikes have weighed on investors’ sentiments lately. And with growing recession fears, we think investors should avoid Lucid Group (LCID), SoFi Technologies (SOFI), and Bed Bath & Beyond (BBBY), given their bleak fundamentals. Read on….

Benzinga

Almost Half Of Americans Want To Install Solar Panels. This Stock May Jump 30% Because Of It

Many Americans are looking for ways to save money and protect the environment as the threat of climate change intensifies and inflation rates surge to their highest levels since 1982.

The Conversation

Are the West's sanctions against Russia actually working?

Following the Russian invasion of Ukraine on February 24 2022, the United States, the European Union and other countries swiftly imposed a mix of wide-ranging diplomatic and economic sanctions.

StockNews.com

5 Penny Stocks to Sell Before They Hit Zero

With the Fed’s meeting hot on the heels of an estimate-beating inflation figure, the market has braced itself for an aggressive interest rate hike. This spells trouble for beaten-down penny stocks whose underlying businesses look set to remain starved of funds required to keep them going. Thus, given their bleak…

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StockNews.com

2 Travel Stocks to Put on Hold Until Further Notice

The travel industry, which barely revived from its pandemic-led disruptions, is struggling with high inflation and labor shortages. Hence, we think fundamentally weak travel stocks Carnival Corporation (CCL) and Royal Caribbean Cruises (RCL) are best avoided now. Read more….

StockNews.com

3 Dividend Stocks to Buy if the US Slips Into a Recession

Considering the persistently high inflation, the Fed will likely announce another aggressive interest rate hike this week. Amid growing recession concerns, investing in quality dividend-paying stocks Walmart (WMT), Pfizer (PFE), and Cigna Corporation (CI) could help generate a steady income stream. Read more….

StockNews.com

Proceed With Caution When Buying These 3 High-Volume Stocks

The recently released CPI report indicates that inflation is still at uncomfortably high levels. This may lead the Fed to announce another significant interest rate hike this week. Given this backdrop, it may not be wise to invest in high-volume stocks Roku, Inc. (ROKU), Poshmark (POSH), and Vinco Ventures (BBIG),…

Benzinga

Falling Home Sales Send Shock Waves Through Home Retailers And Flippers: How Bad Could It Get?

As mortgage rates topped 6%, for the first time since the 2008 financial crisis, new home buyers are being squeezed on multiple fronts since elevated home prices, interest rates, and rising inflation are adding to everyone's bottom line.

Tribune News Service

Survey: Half of workers who got a raise or higher-paying job say their pay didn’t keep up with inflation

Americans are seeing the fastest wage growth in decades, and the majority of workers in a Bankrate survey say they’ve gotten at least some kind of income boost over the past 12 months — but the hottest inflation in almost four decades could be keeping them from fully reaping those…

The Times of India

Explainer: How the strong US dollar can affect everyone

NEW YORK: The buck isn’t stopping.

Benzinga

Treasury Bond Yields Hit 11-Year Highs As Investors Brace For 3rd Consecutive Fed Interest Rate Hike

The U.S. Federal Reserve raised its target Fed funds rate by 0.75% in June and July in an attempt to get inflation under control.

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