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The Latest Breaking News from Inflation

3 Stocks to Buy if You Think a Recession is Imminent

Wall Street is becoming increasingly concerned about a recession. And with sky-high inflation, the Fed no longer is an ally for investors. For investors who believe that a recession is likely, here are 3 stocks to consider buying: Johnson & Johnson (JNJ), EZCORP (EZPW), and Dollar Tree (DLTR). .

StockNews.com

White House will give Fed "space to do its job" to battle historic inflation

"Respect the Fed and its independence," Biden said on Tuesday.

Axios

India's GDP slowdown in Q4 due to pandemic, high commodity prices

NEW DELHI: The slowdown seen in India's GDP growth to a four-quarter low of 4.1 per cent in January-March period of 2021-22 was mainly on account of impact of the third Covid wave and high commodity prices, opined experts.

The Times of India

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US Consumer Confidence Is Falling: What It Means For Investors

Persistently elevated inflation and a slowing economy are taking their toll on U.S. consumer confidence, and it could spell bad news for the SPDR S&P 500 ETF Trust (NYSE: SPY).

Benzinga

EU Agrees Gradual Russian Oil Embargo, Gives Hungary Exemptions

European Union leaders have agreed an embargo on Russian crude oil imports that will take full effect by the end of the year, but Hungary and two other landlocked Central European states secured exemptions for the pipeline imports they rely on. The ban, agreed overnight after weeks of wrangling, aims…

Asharq Al-Awsat

Biden (Almost) Admits That His Own Stimulus Spending Stoked Inflation

Biden's three-point plan to tackle inflation is really a one-point plan: Let the Federal Reserve handle this mess.

Reason

Biden underscores Fed’s ‘independence’ during Powell meeting

The White House is in need of solutions to quell the highest inflation in 40 years and soaring petrol and food prices.

Al Jazeera

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Scotland to freeze funding on policing and early years education

Local government funding also to be frozen along with cuts to arts, trade and cultural funds to plug budget hole

The Guardian - UK

Primark boss makes bleak confession about all of the items being stocked in stores

He's admitted to being full of 'regret'

Manchester Evening News

3 Hard-Hit Stocks That Aren't Likely to Rebound Anytime Soon

Despite Friday's relief rally, the broader market has been suffering since the beginning of the year, as concerns about inflation and rising interest rates continue to impact investor sentiments. As a result, many hard-hit companies, Carvana (CVNA), 1Life Healthcare (ONEM), and Cano Health (CANO), have suffered major price declines over…

StockNews.com

Pension Funds Have Invested Over $12 Billion Into Each Of These 3 Real Estate Sectors

Pension funds invest in real estate so they can provide higher yields to their investors. Most of these investors are retirees living on a fixed income, making high, consistent yields even more important. Many real estate investments provide higher-than-average yields and act as a hedge against inflation.

Benzinga

Wells Fargo Evaluates 4 Energy Stocks: 2 Upgrades And 2 Downgrades

The inflationary environment is a “net positive” for midstream performance and midstream companies, which are likely to benefit from continued strong demand, tight supplies, higher pricing, wider margins, and growing volumes, according to Wells Fargo. Magellan Midstream Partners

Benzinga

Here's Why Morgan Stanley Downgraded American Eagle Outfitters, Sees Considerable Downside

Morgan Stanley analyst Kimberly Greenberger downgraded American Eagle Outfitters Inc (NYSE:AEO) to Underweight from Equal-Weight with a price target of $8, down from $22, implying a 32% downside. The analyst noted the company reduced its 2022 guidance as its optimism proved excessive. Greenberger sees further risk to sales driven by significant Average Unit Retail (AUR) giveback. She…

Benzinga

US consumer confidence slips in May

U.S. consumer confidence edged down in May as Americans’ view of their present and future prospects dimmed in the midst of persistent inflation

The Independent UK

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Tribune News Service

Biden to stress Fed independence in Powell meeting, Deese says

President Joe Biden will use his meeting with Federal Reserve Chairman Jay Powell to stress that he’s giving the central bank “space to operate” independently to address the inflation crisis, White House economic adviser Brian Deese said.

Daily Mirror

Primark boss says he 'regrets' decision to raise prices on clothing this year

Fashion giant Primark has a reputation for value, but now the retailer says it is being forced into a series of price hikes because the rising cost of living is hiking its own costs

The National (Scotland)

Inflation has limited Scottish Government's funding increases, Kate Forbes tells MSPs

In a ministerial statement to Holyrood, Forbes set out the government's resource spending review

France 24

Inflation heats up in France and across Europe

French inflation comes in higher than expected at 5.2 percent at May, with consumer prices also on the rise across the continent, driven by skyrocketing food and fuel costs. We take a closer look at how French consumers are looking for discounts in supermarkets. Also, we see how the fashion…

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Radio France Internationale

France's economy shrinks as Eurozone braces for rates hike amid fears of fuel, food shortages

France's economy has contracted over the first quarter under the impact of soaring inflation, increasing the risk for President Emmanuel Macron in key legislative elections that get underway in less than two weeks' time.

Asharq Al-Awsat

Turkey Projects 7% Growth for Q1 2022

The Turkish economy's solid and balanced growth trend and the pioneering data point out that annual growth will be around seven percent in the first quarter of 2022, Treasury and Finance Minister Nureddin Nebati said Monday. Speaking at the General Assembly of the Banks Association of Turkey (TBB), Nebati said…

The Independent UK

Eurozone inflation hits record 8.1% amid rising energy costs

Inflation in the 19 countries that use the euro currency hit a record 8.1% amid surging energy costs prompted in part by Russia’s war in Ukraine

The Conversation

Wages: why are they not keeping up with inflation?

There has been a huge amount of concern about rising inflation in recent months, and it’s made worse by the fact that wage inflation has not been keeping up. A few workers in high-paid jobs have enjoyed higher bonuses and inflation-busting pay rises – it has just been reported that…

The Guardian - UK

B&M warns of profit fall as inflation squeezes customers and retailers

Discount chain predicts decline in discretionary spending as UK inflation soars to 40-year high

Nottingham Post

Pasta 50% more expensive as food prices soar across UK

Worrying new figures show the impact of the cost of living crisis on supermarket shelves

Los Angeles Times

Inflation might motivate Republicans, but don’t expect it to win them many California elections

SACRAMENTO — Wallet-eating gasoline. Soaring grocery prices. Unaffordable housing. Tumbling stocks.

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