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The Latest Breaking News from Inflation

Fed’s inflation fight made tougher by state relief efforts

States’ efforts to provide inflation relief to US consumers with tax rebates may go over well with recipients — yet they risk adding even more fuel to spending and making it tougher for Federal Reserve policy makers to cool inflation.

Tribune News Service

McCormick Q2 Earnings Miss Street View; Cuts FY22 EPS Forecast

McCormick & Co Inc (NYSE:MKC) reported a second-quarter FY22 sales decline of 1.3% year-on-year to $1.54 billion, missing the consensus of $1.61 billion. Flavor solutions segment sales increased 10%, driven by the Americas and EMEA regions. Consumer segment sales declined 8%, reflecting lower volume and product mix. Gross profit was $523 million, with…

Benzinga

Michael Hiltzik: The big contributors to inflation you're not hearing about: profiteering corporations

Here's an inflation remedy you're not hearing much about: Reduce corporate profits.

Los Angeles Times

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3 Stocks That Could Deliver a Fortune Over the Next Decade

The lingering inflation and the Fed’s rate hikes are keeping investors anxious. However, we think fundamentally solid stocks Advanced Micro (AMD), Palo Alto (PANW), and Amazon (AMZN), which grew at an impressive pace over the past years, are poised to deliver a fortune over the next decade as well. Thus,…

StockNews.com

DWP benefit cap could finally be raised after 6 years as inflation soars

The limit has been set at £20,000 since 2016 - and has been accused of 'social cleansing' of whole areas of cities as rents become unaffordable

Daily Mirror

Top economist's ominous warning as he predicts 'serious food shocks'

New CSO figures showing that Ireland has the second most expensive food prizes in the Eurozone, a whopping 17% above the average

Dublin Live

Wall Street Is Bullish on These 2 Top Technology Services Stocks

With inflation reaching a fresh high, the likelihood of the Fed going more proactive in tightening monetary policy may make tech stocks highly volatile in the coming weeks. However, as the increased reliance on technology solutions and policy assistance should continue to promote the growth of the IT industry, Wall…

StockNews.com

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Earnings Miss, Margin Pressure, CEO Exit: Bed Bath & Beyond's Q1 Highlights

Bed Bath & Beyond Inc (NASDAQ:BBBY) reported a first-quarter FY22 sales decline of 25% year-on-year to $1.46 billion, missing the consensus of $1.54 billion. Comparable sales declined 23%. Adjusted gross margin contracted 1,110 basis points to 23.8%. Adjusted EBITDA loss was $(224) million, with the adjusted EBITDA margin at (15.3)% versus 4.4% last…

Benzinga

Biggest currency rout since 1997 puts Asia central banks in bind

The surge in the dollar has set Asian currencies on course for their worst quarter since 1997 and created a dilemma for central bankers.

Bangkok Post

General Mills Stock Gains on Q4 Earnings Beat

General Mills Inc (NYSE:GIS) reported fourth-quarter FY22 sales growth of 8% year-on-year to $4.89 billion, beating the consensus of $4.81 billion. North America Retail segment sales increased 11% Y/Y to $3 billion. Pet segment sales increased 37% to $610 million, while International segment sales fell 21% to $750 million. Adjusted EPS of $1.12…

Benzinga

Discounts coming: We have too much stuff

Wholesale and retail stockpiles continue to mount just as demand seems to be slowing.

Axios

Chile's new leftist president gets reality check as support wanes

The optimism engulfing Chile's leftist President Gabriel Boric as he took power in March has dimmed as inflation, social unrest and political missteps dent his popularity and fuel doubts about a push to steer the economy away from market-friendly policies.

Reuters

Squeeze on NI businesses "likely to get worse" due to inflation, says Derry chamber president

"This leaves households with less disposable income to use which in turn means less trade for our businesses."

Belfast Live

Shop prices hit highest rate of inflation in nearly 14 years

Soaring supply chain costs and a cut in household spending is sending inflation sky high.

Daily Record

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WEKU

Who's to blame for inflation? We fact-check some common claims

As many Americans continue to struggle financially because of inflation, we set out to clear the air on some common claims about what's going on.

WEKU

What's causing inflation? One expert walks through some of the factors

As many Americans continue to struggle financially because of inflation, we set out to clear the air on some common claims about what's going on.

StockNews.com

VRTX is the Growth Stock of the Week

The market is in a tough place with stubbornly high inflation, a hawkish Fed, and a slowing economy. These conditions are tough for most stocks, but pharmaceuticals are an exception. One of the top companies in the space is Vertex Pharmaceuticals (VRTX). Read on to find out why it's our…

Evening Standard

25,000 of Vladimir Putin’s troops have been killed in Ukraine, says UK Defence Secretary

‘Russia has failed on all its major objectives’

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Chronicle Live

Shoppers warned of soaring costs as inflation hits highest rate in 14 years

Food prices rose sharply, particularly for fresh foods such as cheese which has been affected by the spiralling costs of fertiliser and animal feed

The Independent UK

Asian shares track Wall St drop as inflation fears drag on

Shares have retreated in Asia after another broad decline on Wall Street as markets remain gripped by uncertainty over inflation, rising interest rates and the potential for a recession

The Guardian - UK

Camelot loses legal bid to stop National Lottery licence handover; UK petrol price at record – as it happened

Camelot loses legal bid to prevent the handover of the National Lottery licence to rival Allwyn

Benzinga

Tesla Bear Michael Burry Predicts Divided Labor Market Amid Inflation, Worker Crunch Woes

Tesla Inc (NASDAQ: TSLA) bear Michael Burry said on Tuesday he anticipates a divided labor market developing at a time when companies are struggling with inflation and worker shortages.

The Guardian - UK

Wednesday briefing: Defence secretary Ben Wallace goes on the warpath over military spending

In today’s newsletter: As Boris Johnson, armed forces leaders and Wallace give mixed signals on military spending plans, Archie Bland tries to make the numbers add up

WEKU

The first woman speaker of France's parliament defends the right to abortion

The National Assembly elects Yael Braun-Pivet as speaker as it prepares to tackle proposals on fighting inflation and enshrining abortion rights in the French Constitution.

The Conversation

1970s-style stagflation now playing on central bankers' minds

“Stagflation” is an ugly word for an ugly situation – the unpleasant combination of economic stagnation and inflation.

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