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The Latest Breaking News from Inflation

'Cancel the energy price cap increase', Lib Dem leader Ed Davey tells the Tories

Ed Davey accused the Tory leadership hopefuls, Rishi Sunak & Liz Truss of 'living in a parallel universe' as they have 'no idea' how to help families through what could be the toughest winter in decades.

Daily Mirror

A summer of discontent? Why public sector workers are preparing to strike in B.C.

Successful unionization drives targeting corporate employers like Amazon and Starbucks have been big news in 2022. But much larger scale collective action in the Canadian public sector may also be on the cards.

The Conversation

Truss and Sunak still haven’t grasped the magnitude of Britain’s cost of living crisis

Neither has an adequate plan – but a joint announcement of a generous package of help would boost confidence

The Guardian - UK

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Spain issues energy bill update for British expats amid cost of living crisis

Spain's inflation rate hit 10.2 per cent in June, the highest level in 37 years and energy prices are rising. In a bid to help, Benidorm's over 65s have been offered support.

Edinburgh Live

Which Payment Stock Is Better for Your Portfolio? PYPL or V

Soaring inflation and the Fed’s constant effort to battle against it have largely affected consumer sentiment as the economy is expected to slip into a recession. However, with a shifting spending trend, Americans continue to spend on travel, retail, and technology. Therefore, payment stocks PayPal (PYPL) and Visa (V) could…

StockNews.com

5 Dividend Stocks to Get in on Until the Market Turns Around

Market uncertainty is widespread due to the increased odds of a recession amid the persistently high inflation and consecutive interest rate hikes. Moreover, additional rate hikes are likely in the coming months as the Fed tries to tame the multi-decade high inflation. Thus, we think buying dividend stocks Steel Dynamics…

StockNews.com

The Democrats' New Inflation Bill Includes Tax Credits for Electric Vehicles That Don't Exist

Even Democrats are criticizing the bill's unrealistic expectations.

Reason

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State pension is set to top £10k for first time ever next year

Pensioners are now in line to get a rise of £962 next year due to rising inflation - but a sea of rising costs mean they may not be much better off in real terms

Chronicle Live

2 Winning Stocks to Pay Attention to This Week

Concerns over soaring inflation, the Fed’s aggressive interest rate hikes, the decline in GDP for two consecutive quarters, and a potential recession are expected to keep the stock market under pressure in the near term. Fundamentally sound and winning stocks Murphy USA (MUSA) and JAKKS Pacific (JAKK) could be good…

StockNews.com

Democrats celebrate as climate bill moves to House – and critics weigh in

Bernie Sanders calls climate measures a ‘very modest step forward’ and Republicans denounce the bill altogether

The Guardian - US

3 Stocks to Avoid When the Fed Raises Interest Rates

The Federal Reserve’s aggressive policy tightening to tame the sky-high inflation has increased the borrowing costs for most businesses. Many analysts believe further aggressive rate hikes will push the economy into a recession. With the possibility of the Fed considering more extensive rate hikes based on solid economic data, Carvana…

StockNews.com

Poorest Brits could be £1,600 a year worse off - even after cost-of-living payments

An out-of-work couple with two children could lose nearly £1,300, or £1,600 if higher inflation is taken into account, according to a new report

Daily Mirror

Democrats' Rejection of Permit Streamlining Resolution Doesn't Bode Well for Joe Manchin's 'Side Deal'

The West Virginia senator conditioned his support for the Inflation Reduction Act on reforming federal environmental review laws. His Senate colleagues don't seem so hot on the idea.

Reason

Food insecurity hits hard in Kenya's urban and rural centres

Failed rains over two years, climate change, locust infestation, the Ukraine war and inflation are at the core of food insecurity in both the urban and rural centres of Kenya. The high cost of staple foods has made it difficult for Kenyans to eat their usual three meals a day,…

Radio France Internationale

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The Guardian - US

Biden’s landmark climate and spending bill – what’s in it, and what got cut?

The Inflation Reduction Act is a far cry from Biden’s original ambition, but it nonetheless represents victory for the president

StockNews.com

3 High-Yield Dividend Stocks for Income Investors

A strong July employment report might encourage the Fed to consider higher interest rate hikes despite expected moderate inflation for the month. So, the market volatility might increase further. Therefore, it could be wise to invest in high dividend-yielding stocks Natural Resource Partners (NRP), Sisecam Resources (SIRE), and Vodafone Group…

Reason

Senate Passes $740 Billion 'Inflation Reduction Act' That Will Probably Make Inflation Worse

Plus: Inside Trump's family separation policy, a Grammarly for government, and more...

McClatchy Washington Bureau

Will the Democrats’ Inflation Reduction Act bring prices down? What the experts say

WASHINGTON — President Joe Biden and congressional Democrats are touting the “Inflation Reduction Act” as their big election year triumph, a major way of getting soaring prices to come down.

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Benzinga

Elon Musk Dares Twitter's Parag Agrawal, Climate Bill Scrapes Through, Fed Official Steps Up Hawkish Rhetoric And More: 5 Key Stories You May Have Missed From This Weekend

The weekend that went past had its fair share of action, with Washington lawmakers keeping companies and investors on tenterhooks regarding the Senate clearance of the climate bill before finally approving it. With earnings still on the radar and key inflation data due in the unfolding week, here's a recap…

Evening Standard

What is The Inflation Reduction Act? Rishi Sunak to raise concerns with plan to Joe Biden

Everything you need to know about the Inflation Reduction Act

The New Daily

The ASX eyes important psychological mark as inflation data commands attention

The ASX200 posted its first weekly close above the psychologically important 7000 point level since May, analysts will be watching to see if stays there.

The Independent UK

Bankers get inflation-busting pay rises while low-income workers see earnings collapse

Worst-off get 1% wage increase as City of London workers toast large bonuses and 10% hike in overall pay

Daily Mirror

State pension could hit £10,000 a year for the first time ever in huge retirement boost

The state pension is set for a rise of £962 next year due to rising inflation - but a sea of rising costs mean pensioners may not be much better off in real terms

Daily Record

Liz Truss ally in car crash interview as he refuses 9 times to back cost-of-living handouts

The cost-of-living crisis is set to get worse with inflation currently at 9.4 per cent and expected to peak at 13 per cent.

The Independent UK

Voters want government to get inflation under control before cutting tax, poll reveals

Results cast unfavourable shadow over plans of leadership contest frontrunner Liz Truss

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