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The Latest Breaking News from Inflation

Boris Johnson news – live: Prime minister pledges £55bn extra military spending

A victory for Putin in Ukraine would ‘drive further global uncertainty,’ he said

The Independent UK

Lavazza in talks with UK retailers as coffee bean costs jump 80%

Coffee maker’s move comes as brands struggle with inflation on energy, freight costs and ingredients

The Guardian - UK

Wall Street Predicts These 2 Sub-$5 Stocks Have More Than 200% Upside

Concerns over the Federal Reserve’s aggressive interest rate hikes to fight elevated inflation and the possibility of the economy tipping into a recession have fostered significant volatility in the market of late. Despite the market uncertainties, Wall Street analysts expect fundamentally sound sub-$5 stocks Provention Bio (PRVB) and Trevi (TRVI)…

StockNews.com

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Dallas-Fort Worth added nearly 295,000 jobs in the past year, triple its typical pace

The U.S. economy may be facing headwinds from inflation and higher interest rates, but the labor market is still on fire in North Texas.

Tribune News Service

9 miserable crises waiting for Boris Johnson when he lands back in Britain tonight

'There's no place like home!' the Prime Minister sighed today. But Boris Johnson's relief at landing from Spain, Germany and Rwanda won't last much longer than his post-trip nap

Daily Mirror

Inflation Angst Causes Dramatic Shift In Spending And Savings Habits

With inflation reaching historic highs and no immediate relief to the financial pain in sight, American consumers have abruptly changed their spending and saving habits, according to a pair of newly published data surveys.

Benzinga

Govt keeps interest rates unchanged on small savings schemes for September quarter

NEW DELHI: The government on Thursday kept interest rates unchanged on small savings schemes, including NSC and PPF, for the second quarter of 2022-23 amid high inflation and rising interest rate.

The Times of India

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Scots spending less on food and other essentials as inflation batters economy

Rising costs and soaring fuel bills are being felt across the country and causing a sharp drop in consumer confidence.

Daily Record

UK defence spending to increase by end of decade, claims Boris Johnson

The Prime Minister pledged that UK defence spending would reach 2.5 per cent of GDP by 2030 but is not matching the budget with rising inflation this year

Daily Record

'Cost of freedom always worth paying' says PM as he is challenged on inflation

Boris Johnson said there was 'a big chance for us now to do things differently'

Wales Online

California Accidentally Leaked the Personal Data of Thousands of Licensed Gun Owners

Plus: America's falling murder clearance rate, the Fed wrestles with inflation, and more...

Reason

Johnson denies he is being ‘complacent’ about inflation

There are growing fears that the cost-of-living crisis could tip the UK into recession.

The Independent UK

3 High-Quality Stocks You Can Buy at a Discount

The soaring inflation is expected to result in further aggressive interest rate hikes, fueling fears of an economic slowdown. Amid the depressed market conditions on concerns over a potential recession, it could be wise to invest in high-quality stocks, Chico's FAS (CHS), MarineMax (HZO), and The ODP (ODP), which are…

StockNews.com

Biden backs changing Senate filibuster to counter Supreme Court’s ‘outrageous’ Roe v Wade abortion ruling

Mr Biden’s announcement is a break from his previous reluctance to support changing senate rules to make it easier to pass legislation

The Independent UK

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Evening Standard

Barclays gives 35,000 staff a £1200 pay boost to help with cost of living

Barclays is to give 35,000 UK staff a £1,200 pay rise in August to help them cope with the soaring cost of living.

Benzinga

'Rich Dad Poor Dad' Author Says Inflation Is 'Fake,' Has This Solution For Government

“Rich Dad Poor Dad” author Robert Kiyosaki has said the ongoing inflation is “fake” and part of the “Marxist agenda.”

Axios

Key inflation gauge favored by the Fed remains high in May

The inflation gauged favored by the Fed rose 6.3% from the prior year.

The Independent UK

Key inflation gauge tracked by the Fed remains a high 6.3%

A measure of inflation that is closely tracked by the Federal Reserve rose 6.3% in May from a year earlier, unchanged from its level in April

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news in one place.

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The Independent UK

Boris Johnson tells Britons that ‘cost of freedom worth paying’ amid Ukraine ‘fatigue’ fears

Prime minister says only Russian defeat can avoid ‘more economic distress’ – as inflation soars at home

WEKU

It's been a vicious 6 months for stocks. Here's what the grim markets are signaling

All that whipsawing on Wall Street in the first half of the year reflects real nervousness. Investors are worried the Fed may tip the economy into a recession.

The New Daily

Strong retail sales and high inflation dominate markets this week

Strong Australian retail sales surprised financial markets this week and were one of five major events. Here's your market wrap.

The Independent UK

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

Evening Standard

Bank of England needs to guard against a wage price spiral

City Voices: Urgent medicine needs to be administered to the economy

Daily Mirror

Ten money changes happening in July including £650 payment and National Insurance update

We explain everything you need to know about all the financial changes coming up in July - including updates to the National Insurance threshold and the start of cost of living payments worth £650

Radio France Internationale

TotalEnergies discounts fuel at French petrol stations as inflation soars

Under pressure from the French government to do more to help consumers tackle higher energy costs, TotalEnergies has announced discounts on pump prices at French motorway petrol stations. The move comes as inflation hit a record high over the month of June.

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