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The Latest Breaking News from Inflation

Spain inflation highest since 1984; new record for eurozone area

European countries facing inflation surge due to fallout from Ukraine war and reopening of economies after lockdowns.

Al Jazeera

How Inflation Impacts Your Taxes

The impact of inflation on federal income tax brackets and some other tax credits might not be all bad.

Kiplinger

Commentary: Reality’s revenge: The return of stagflation

The clinical psychologist Jordan Peterson has said that you can bend reality only so far before it snaps back at you. In short, bad actions always ultimately have negative consequences.

Tribune News Service

From analysis to the latest developments in health,
read the most diverse news in one place.

Drivers’ strike to cause severe disruption to rail services

Members of the drivers union Aslef at seven train operators will walk out for 24 hours over pay on Saturday.

The Independent UK

Inflation hits record 8.9% in 19 countries using the euro

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices driven partly by the war in Ukraine

The Independent UK

Trump’s ‘Stop the Steal’ allies are back on the ballot in Pa., and could win more power over the next election

PHILADELPHIA — The summer hearings on the Jan. 6 riot have reinforced the direct line between Pennsylvania and the attack that tried to subvert American democracy.

The Philadelphia Inquirer

Economy eclipses other issues in UK Conservative contest

Britain’s next prime minister will take office amid turmoil: galloping inflation, a war in Ukraine, souring relations with China and a changing climate

The Independent UK

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The rouble is soaring and Putin is stronger than ever - our sanctions have backfired

Energy prices are rocketing, inflation is soaring and millions are being starved of grain. Surely Johnson knew this would happen, says Guardian columnist Simon Jenkins

The Guardian - UK

ExxonMobil and Chevron shatter profit records; eurozone inflation hits record 8.9% – business live

US oil companies post huge earnings, as sky-high fuel costs hit consumers and drive up inflation

The Guardian - UK

Some Asia economies need rapid rate hikes to cool inflation: IMF

IMF director for Asia and Pacific says rapid increases needed to prevent “upward spiral” in inflation.

Al Jazeera

Wholesale inflation at a 13-year high

Costs for Australian businesses rose 5.6 per cent in the 12 months to June 30, their biggest increase since December 2008.

AAP

Here’s why the US economy shrinking in the 2nd quarter may not be so bad

WASHINGTON — In the most aggressive back-to-back interest rate increases since the early 1980s economic crisis, the Federal Reserve on Wednesday announced another hike of three-quarters of a percentage point and signaled more to come in its effort to beat back inflation despite the risk of a recession.

Los Angeles Times

US recession fears deepen as economy contracts for 2nd straight quarter: What about India?

NEW DELHI: World biggest economy contracted for the second quarter in a row on Thursday, triggering fears of recession.

The Times of India

Cost of living crisis 2022: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The Independent UK

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news in one place.

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The Independent UK

Obama praises Biden breakthroughs on climate, drug prices and economy in rare remarks

Ex-POTUS praises historic investment in efforts to fight climate change and inflation

Benzinga

A Lot Of Smart People And Jim Cramer Read Inflation Situation Wrong, Comedian John Oliver Says

A late night comedian has taken aim at CNBC host and stock market personality Jim Cramer over his flip flopping on inflation and being wrong on how bad things really are. Here’s what John Oliver had to say.

Benzinga

A Historical Analysis of Commodity Cycles from the 1970s to 2020s

The global economy periodically experiences steep movements in commodity prices, causing cyclic booms and busts. These are called commodity cycles, a complex process emerging from macroeconomic shocks, supply chain bottlenecks, and policy failures.

Irish Mirror

Volume of retail sales down 1.3% in Ireland in June amid rising inflation

The largest increase in sales was in furniture and lighting, at a rise of 25.9% compared to the previous month

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news in one place.

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The Independent UK

Schumer rallies Democrats after surprise deal with Manchin

Senate Majority Leader Chuck Schumer has told fellow Senate Democrats they now have an opportunity to achieve two “hugely important” priorities on health care and climate change after the deal he struck with Sen. Joe Manchin

Axios

People with new jobs are making way more money

60% of job-switchers are making more money, even with inflation

Tribune News Service

US economy shrinks for a second quarter, fueling recession fears

The drumbeat of recession grew louder after the U.S. economy shrank for a second straight quarter, as decades-high inflation undercut consumer spending and Federal Reserve interest rate hikes stymied businesses and housing.

StockNews.com

Homebuilder Sentiment Hit Lowest Level in 2 Years — Is It Time to Sell These 3 Stocks?

Home builder sentiment has hit a record low due to concerns about the rising inflation and recession possibilities. Moreover, affordability is taking a toll on buyer traffic. So, should you drop homebuilding stocks Five Point Holdings (FPH), Howard Hughes (HHC), and LGI Homes (LGIH)? Keep reading to learn our view….

The Independent UK

Nestle reports higher sales even as it raises prices

Global food giant Nestle has reported higher sales in the first half of the year, even as it increased prices by 6.5% as inflation soared around the world

Benzinga

What Does The New Senate Deal Mean For Tesla, Toyota And Other Automakers?

Senate Majority Leader Chuck Schumer and Democratic Sen. Joe Manchin have agreed to vote on the “Inflation Reduction Act of 2022,” which has at its core measures to tackle inflation including paying down national debt and lowering energy and healthcare costs.

The New Daily

Why some economists believe the Treasurer is being too pessimistic

Millions of Australian households are facing a “difficult” year ahead as the cost of living soars. But some believe the Treasurer is over-egging inflation.

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