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The Latest Breaking News from Inflation

NFT Artist Beeple Spoofs President Biden And Inflation In Latest Work

One of the most well-known non-fungible token (NFT) artists targeted President Joe Biden and a trending news topic in one of his latest digital images. What Happened: Beeple, whose real name is Mike Winkelmann, releases an image a day as part of his Everydays series.

Benzinga

Analysis-Inflation, not deflation, is now Japan's political hot potato as election looms

The rising cost of living is turning into a thorny political issue ahead of Japan's upper house election this weekend, as opposition parties peg blame for recent price hikes on Prime Minister Fumio Kishida's policies.

Reuters

Inflation close to hitting 14-year high

Price pressures will persist into the third quarter, the Commerce Ministry has admitted, after the country's headline inflation rate hit a near-14-year high in June.

Bangkok Post

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Interest rate hikes difficult but necessary to curb inflation in Western Australia, says economist

West Australians already battling with the price of food and bills may fall through the cracks, as the Reserve Bank of Australia attempts to curb rising inflation.

ABC News

ASPS bullish on prospects for real estate

Asia Plus Securities (ASPS) recommends investing in real estate stocks with high growth and dividends that are outpacing inflation as it expects the government to extend the easing of the loan-to-value (LTV) ratio and transfer fees for mortgage lending for another year to support the economic recovery.

Bangkok Post

Martin Lewis gives dire warning over cost of living crisis as Rishi Sunak quits

Rishi Sunak has quit as chancellor just as the country battles rising inflation and soaring costs

The Independent UK

Blinken to meet China’s Wang, shun Russia’s Lavrov at G20 talks

Top US diplomat will call on G20 nations to put pressure on Russia to reopen sea lanes blocked by the Ukraine conflict.

Al Jazeera

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Record high business costs pushing up prices, eroding operator and consumer confidence

Small businesses are struggling with record high costs while trying to remain competitive, as consumer confidence falls in response to inflation and rising interest rates.

ABC News

Economy braced for fresh wave of hurt amid calls for 'belt tightening'

Major flooding will drive up inflationary pressures for the economy.

The Canberra Times

Is This Popular Retailer a Good Buy?

Shares of leading retailer Bed Bath & Beyond (BBBY) are down more than 67% in price year-to-date. The company reported disappointing first-quarter 2022 results affected by persistently high inflation, fluctuations in consumer spending patterns, and other macroeconomic headwinds. However, considering the management's efforts to address the ongoing challenges and boost…

StockNews.com

Long, moderate and painful: What next US recession may look like

Recessions, like unhappy families, are each painful in their own way.

Tribune News Service

Surviving The Worst First Half For Stocks In Sixty Years: How The Hedged Portfolio Method Performed.

An Awful First Half For Stocks The first half of 2022 featured a perfect storm of headwinds for stocks: by January, inflation was at a 40-year high.

Benzinga

CBA, ANZ raise their interest rate levels

ANZ has followed Commonwealth Bank in raising mortgage rates following the central bank's decision to lift the cash rate to 1.35 per cent.

AAP

Tesla Plays ‘Whack-A-Mole’ with Snags as Deliveries Fall for First Time in Two Years

Tesla Inc faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday, as the electric-car maker reported a fall in deliveries for the first time in two years. Stung by China's COVID-19 lockdowns and soaring costs, Tesla said…

Asharq Al-Awsat

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StockNews.com

4 MLPs Under $25 to Add to Your Portfolio in July

The stock market has been under pressure lately due to rising inflationary pressure and the Fed’s aggressive interest rate hikes to bring prices down. However, fundamentally sound MLPs Blueknight Energy (BKEP), Martin Midstream (MMLP), Western Midstream (WES), and Westlake Chemical (WLKP), which are trading under $25, could be a great…

The Independent UK

Nikki Haley mocked after getting her numbers wrong in attack on Biden

Former governor is considered potential 2024 contender

Birmingham Post

Inflation-busting pay rise for food firm's staff as wages increase by £1,800 a year

Cartwright & Butler commits to help 'best asset' as one of a number of measures geared to 'doing the right thing'

The Independent UK

Supermarkets put security tags on cheese blocks as stores tackle shoplifting amid soaring food costs

Supermarkets appear to be toughening its security measures on foodstuffs as shoppers feel the financial pinch of soaring inflation

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StockNews.com

3 Large-Cap Stocks Wall Street Thinks Will Rally More Than 30%

The stock market volatility is not expected to lessen anytime soon, with soaring inflation and the Fed’s aggressive stance to fight it. Despite the market uncertainties, Wall Street analysts see significant upside in large-cap stocks Diamondback Energy (FANG), Marathon Petroleum (MPC), and E.ON SE (EONGY). Keep reading….

Reason

Chicago Area Fourth of July Shooting Leaves 6 Dead, Dozens Wounded

Plus: Inflation eats up Americans' savings, copyright officials want to protect your fireworks photos, and more...

The Independent UK

Millennial Money: What if you can’t ‘out-budget’ inflation?

Rising prices can feel impossible to manage if money is already tight

The New Daily

‘Inflationary storm’: RBA hikes interest rates to contain fallout as prices surge

The Reserve Bank has slapped households with another painful interest rates hike in July as it tries to curb soaring inflation.

The Guardian - UK

Bank of England warns that economic outlook has ‘deteriorated materially’

UK households likely to face more inflationary pressures arising from Ukraine war, says central bank

Liverpool Echo

Sainsbury's shopper spots £7 price tag for single tub of Lurpak butter

Shop prices have hit their highest rate of inflation

Insider UK

More than 200 workers at Fife Bosch factory walk out

Union claims proposed pay deal would actually leave members worse off, due to inflation

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