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The Latest Breaking News from Inflation

Yes supporters must convince trade unions to back Yes, says Tommy Sheppard

THE Yes movement must persuade trade unions to back Scottish independence, SNP MP Tommy Sheppard has said.

The National (Scotland)

Running up that hill ... just like we were back in the 1980s

THE UK inflation rate has surged to a level not seen since 1982, new figures revealed last week.

The National (Scotland)

Coaching women to become masters of their own independence

The economic fallout from the Covid pandemic coupled with soaring inflation and a rise in the cost of living has left many people struggling to adapt to an increasingly unstable environment, not least women. But they can turn the situation into an opportunity says Chinese-American financial coach Yulin Lee.

Radio France Internationale

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‘Roe is on the ballot’: Can Democrats fire up their base on abortion rights or is it too late?

Democrats want to mobilise their voters to protect abortion rights. But voters have multiple concerns like inflation and gas prices on their minds.

The Independent UK

A celebration defying inflation: Glastonbury fans splash out on a party

The cost-of-living crisis is driving prices up at the event, but festivalgoers don’t want to economise – at least, not this year

The Guardian - UK

Benefits, vouchers and help for parents struggling with cost of living crisis to claim

Inflation, energy bills, and stagnant wages are making lives harder and harder for families, but there is some help you can get

Chronicle Live

Malaysia plans record $18bn subsidy spend in inflation fight

KUALA LUMPUR: Malaysia is expected to spend 77.3 billion ringgit (US$17.6 billion) in subsidies and cash aid this year, the largest amount in history, to help temper the effects of rising prices, its finance minister said on Saturday.

Bangkok Post

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When will the state pension increase and by how much?

The state pension rises every April in line with the previous year’s inflation figure

Daily Record

Jeremy Corbyn joins rail staff at RMT train strike picket at Newcastle's Central Station

The former Labour leader called for an inflation pay rise and job security for train and rail staff, who he points out worked throughout Covid

Chronicle Live

UK PM Boris Johnson urges restraint on public pay

British Prime Minister Boris Johnson said on Saturday that public pay could not be raised sharply, as demanded by trade unions, because it would risk fuelling a further rise in inflation.

Reuters

Inflation sparks global wave of protests for higher pay, aid

As food costs and fuel bills soar, inflation is plundering people’s wallets, sparking a wave of protests and workers’ strikes around the world

The Independent UK

IMF's Georgieva Says 'Some Pain' May be Necessary to Fight Inflation

The head of the International Monetary Fund on Friday underscored the importance of fighting inflation now to shore up the prospects for economic growth in the future, warning that doing so could cause "some pain" to consumers in the short run. "Success over time (in lowering prices) will be beneficial…

Asharq Al-Awsat

Newsom, lawmakers plan to provide more than $9 billion in gas refunds to Californians

Gov. Gavin Newsom and state lawmakers have reached a tentative deal to return $9.5 billion in tax refunds to Californians, sending as much as $1,050 to families this fall in long-awaited financial relief from record-high gasoline prices and inflation.

Los Angeles Times

Yellen to visit S. Korea, discuss N. Korea sanctions -sources

U.S. Treasury Secretary Janet Yellen will visit South Korea next month for talks dealing with rising inflation and possible further sanctions on North Korea over its nuclear program, sources familiar with the matter said on Friday.

Reuters

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StockNews.com

3 Tech Stocks to Buy as Inflation Expectations Ease

With the economy slowing and oil prices down by about 20% over the last couple of weeks, odds are increasing that inflation could be turning lower. This could be a catalyst for high-quality tech stocks such as Microsoft (MSFT), Veeva (VEEV), and Expedia (EXPE).

Bangkok Post

A brief upturn in a punishing month for stocks

Recap: Global stocks moved higher on Friday, heading for their first weekly gain in a month after fears of an economic recession, while inflation eased on declines in commodity prices.

Bangkok Post

Beware the global ripple effect from Fed rate hike

At its June 14-15 meeting, the Federal Reserve decided to hike its Fed Funds Rate by 75 basis points, the largest single hike since 1994, to 1.5-1.75% in order to tame inflation.

Reuters

Honduras enacts month-long gasoline price freeze in inflation fight

The Honduran government passed a month-long freeze on increases in gasoline and diesel prices on Friday, the country's energy minister announced, making the Central American nation the latest to intervene as inflation causes gas prices to skyrocket worldwide.

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Benzinga

The Read-Through On Inflation, Spending From The Latest University Of Michigan Consumer Sentiment Survey

On Friday, the University of Michigan Surveys of Consumers released the consumer sentiment index for June 2022. What Happened: The consumer sentiment index for June was 50.0, resulting in a -14.4% change since May, which was the lowest report on record.

Irish Mirror

Recession Ireland: Fresh updates on if country is headed for economic disaster

Earlier this week, the government confirmed that it is unlikely that additional measures to tackle the increase in inflation would be introduced before Budget 2023 in October

StockNews.com

3 Buy-Rated Stocks Trading Near 52-Week Lows To Scoop Up Right Now

Soaring inflation and the Fed’s aggressive interest rate hikes to control it have led to a massive stock market sell-off lately. The current market slump could be an opportune time to invest in fundamentally sound stocks Chase Corporation (CCF), Vishay Precision Group (VPG), and Interface (TILE), which are currently trading…

StockNews.com

3 Top-Rated High-Dividend Stocks Under $20

The Fed’s aggressive interest rate hikes in the face of the rising inflation are raising the possibility of the economy tipping into a recession. Given the market uncertainties, high-dividend stocks Sisecam Resources (SIRE), Grindrod Shipping (GRIN), and Alliance Resource (ARLP), which are currently trading under $20, could be an ideal…

The Independent UK

Washington Post columnist sparks outrage for telling Americans to ‘stop complaining’ about inflation

‘There are Americans who did extremely well in the last two years in the market,’ she said.

Daily Mirror

Shoppers fury at eye-watering price for pack of Lurpak butter in Iceland

Iceland shoppers left shocked after seeing the eye-watering price of butter, as new figures show Brits will see their yearly grocery bills jump by a whopping £380

Benzinga

Read How Analysts Reacted To Darden Restaurants' Q4 Results

Wedbush analyst Nick Setyan lowered the price target on Darden Restaurants Inc (NYSE:DRI) to $122 (3% upside) from $140 and kept a Neutral rating on the shares. The analyst noted that FY23 guidance is predicated on normalization in inflation trends in the second half and has lowered his FY23 EPS estimate to $7.60 from $8.41…

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