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The Latest Breaking News from Inflation

The Observer view on Liz Truss and Rishi Sunak’s tax cut promises

The Conservative leadership contenders are blind to the dire lack of investment in a crumbling UK

The Guardian - UK

Inflation a 'priority' for summit

Boosting wages and profits without adding to inflationary pressures will be high on the agenda at the Albanese government's jobs and skills summit.

AAP

Climate bill animates tight Minnesota congressional races

WASHINGTON — Minnesota Democrats facing competitive races are counting on a massive new climate package to help their political chances as they brace for GOP opposition this fall.

Tribune News Service

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US economy flashes signals of hope and concern in mixed data

WASHINGTON — Data this week generated a mixed report card of the U.S. economy, showing both resilience in the face of high inflation and signs of troubles ahead.

Tribune News Service

Price of a pint of of beer in London surging towards £14, according to analysis

A pint of beer in London is on track to hit £14 in just two and a half years if inflation and energy costs continue to surge, new research predicts.Higher energy costs, wages and supply chain issues have meant businesses have been forced to pass on costs to customers with…

Evening Standard

Why the Stock Market Winning Streak Ended on a Sour Note...

The 4 week winning streak for stocks ended Friday on our sour note. Not only did the S&P 500 (SPY) tumble -1.29%, but the recent market leaders endured even worse results: -2.07% for Russell 2000 and -2.01% for tech laden Nasdaq. What does this mean for stock prices in the…

StockNews.com

Sainsbury's puts price of pint of milk up to £1.05 for first time as costs continue to soar

It's another blow to shoppers as inflation hits a 40-year high

Manchester Evening News

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Europe on the brink: the states battling to stave off recession

War, drought and Covid have blighted prospects not just in Britain but continent-wide. Which countries are most at risk?

The Guardian - UK

For Republican governors, all economic success is local

Texas Gov. Greg Abbott often knocks President Joe Biden for the country's high rate of inflation and fears of a looming recession

The Independent UK

Clive Crook: Want a better IRS? Simplify the tax code

One of the most conspicuous parts of the tax-and-spending package known as the Inflation Reduction Act is vastly expanded funding for the Internal Revenue Service. The promised flood of cash — an additional $80 billion over 10 years, compared with baseline annual spending of around $15 billion — raises some…

Tribune News Service

Pint of milk tops £1 at Sainsbury's for first time as cost of living crisis grows

Rise comes as prices soar across Britain as cost of living squeeze continues

Wales Online

Sainsbury's: Price of pint of milk breaks £1 threshold for first time as costs soar

The price hike spotted in Sainsbury's smaller shops means Brits are now paying two-and-a-half times more for milk than a year ago while inflation hits a 40-year high

Daily Mirror

‘Just shocking’: Inflation buoys GOP’s hopes to flip Senate seat

The Las Vegas Strip is again teeming with tourists, its casinos are minting billions and more people than ever are now working in Nevada. But soaring housing costs and gasoline prices have handed Republicans an opportunity to flip a U.S. Senate seat and reverse years of Democratic gains in the…

Tribune News Service

School funding to disadvantaged pupils ‘slashed by nearly half a billion’

Rising inflation means cash is down by £340 for primary children and £241.50 for secondary pupils

The Independent UK

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The Independent UK

Greece rid of budget watch but inflation, energy woes bite

Greece's close financial oversight by European Union creditors is ending

Asharq Al-Awsat

Global Stocks Mostly Fall amid Central Bank Concerns

European and US stocks mostly fell Friday, with investors focused firmly on central bank interest rate hikes as the US dollar rallied. After slumping through the first half of 2022 amid concerns over central bank tightening, stocks have done better since the end of June as investors bet on a…

The Guardian - UK

‘I am not blaming anyone’: Estonians shrug off 23% inflation

Those in Europe’s inflation hotspot remain calm about rising prices, but a lack of government intervention could fuel further increases – and discontent

Wales Online

I visited Tesco, Aldi, Asda and other big supermarkets over six months - and the price rises at one are shocking

I bought the same items every time at each one to see how prices had changed

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news in one place.

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Reuters

'The paycheck has died': Argentine workers hold funeral for wages

Some women wore black funeral attire and sported flower crowns. Other people in the procession in Buenos Aires carried a gigantic coffin. But this funeral procession in the Argentine capital was not honoring a person.

Bangkok Post

SET sentiment buoyed by record earnings

RECAP: The SET Index surged at midweek after listed firms reported record-high second-quarter earnings of 350 billion baht, reviving investor confidence, before easing back on profit-taking yesterday. US equities were rangebound, reflecting mixed opinions on economic data and uncertainty about the size of the Fed's next interest-rate increase.

Benzinga

Manchin Rebuts Elon Musk, Michael Burry On The Biden IRS Funds: Here's What The New Inflation Bill Actually Does

President Joe Biden signed into law a massive budget reconciliation bill this week known as the Inflation Reduction Act of 2022.

Benzinga

5 Kohl's Analysts On Bloated Inventory, Guidance Cut: 'Fundamentals Are Likely To Get Worse'

Kohl's Corporation (NYSE: KSS) shares are down 4% on Friday after the company cut its guidance and said inflation is eating into its sales growth.

StockNews.com

3 Stocks to Buy Now Before They Rebound

Concerns over the potentially aggressive Fed rate hikes to tackle the elevated inflation are expected to keep the market volatile in the near term. However, fundamentally sound stocks Coca-Cola (KO), Gilead Sciences (GILD), and Packaging Corporation of America (PKG) have the potential to rebound from their current price levels. So,…

Reason

Fact-Checking Industry Continues Providing Cover for White House's Unbelievable IRS Claims

"Most" new IRS hires, claims a gullible FactCheck.org, "will provide customer services."

StockNews.com

3 Travel Stocks to Reserve for Your Portfolio as Inflation Cools

Inflation came in slower than expected in July. Cooling inflation numbers should boost travel demand as we head towards the Labor Day weekend. Moreover, considering the robust growth prospects of the industry, it could be wise to add quality travel stocks, Bluegreen Vacations (BVH), Playa Hotels & Resorts (PLYA), and…

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