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The Latest Breaking News from Inflation

Elon Musk ‘still committed’ to Twitter deal after putting it on hold – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Asian shares bounce back, shrugging off inflation concerns

Asian shares have bounced back after losses earlier in the week, shrugging off the latest data showing U.S. wholesale prices soared 11% in April from a year earlier

The Independent UK

Boss starts paying staff in gold to beat the rise in inflation

Staff at a financial services firm have been offered the chance to get paid in gold rather than pounds and pence to help them keep ahead of inflation. TallyMoney CEO Cameron Parry is understood to be the first employer in the country to trial a gold

Wales Online

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NCP slams BJP over inflation, says ‘achhe din’ term needs to be archived and forgotten

The BJP had raised the ‘achhe din’ slogan during the 2014 Lok Sabha polls campaigning

The Hindu

Morning Digest | Inflation soars near eight-year high to 7.8% in April; 90 lakh Ujjwala scheme beneficiaries do not get refills, and more

A select list of stories to read before you start your day

The Hindu

Famous last words: 'And you can quote me on that...'

James Elliott's look at the news of the week: From the lousy CEO who disrespected Nadia Lim, to wimples that conceal feminine charms, the price of broccoli and ACT's alternative budget

Newsroom.co.nz

Inflation triggers California minimum wage increase in 2023

California's minimum wage will increase to $15.50 per hour next year

The Independent UK

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Mexico to modify import and export law to curb inflation, govt says

A Mexican presidential decree will be issued on Friday to modify tariffs in the country's import and export law in a bid to curb inflation, a finance ministry spokesperson said on Thursday.

Reuters

For Georgia swing voters, abortion isn’t the deciding issue

Focus groups pour cold water on Democrats' hopes to win based on calls to protect Roe v. Wade.

Axios

Question Time: Howls of laughter as Attorney General claims single mums now 'better off'

The Government's chief legal advisor Suella Braverman was heckled by the Question Time crowd when she claimed that a single mum was now better off despite the deepening cost of living crisis

Daily Mirror

ASX defies Wall Street downer, as crypto struggles and $A falls

The Australian share market is ending the week on a high, despite global markets still struggling with looming rate hikes, war and inflation.

ABC News

Ministry mulls 5 baht diesel tax cut

The Finance Ministry is considering a proposal from government officials to cut the diesel excise tax by 5 baht per litre when the current tax cut expires on May 20.

Bangkok Post

Perrottet gives his MPs pay rises but opposes general wage increases despite rising inflation

One rule for us, another for them . . .

Newcastle Herald

Small Business Revenues Are Up – But New Challenges Emerge As Businesses Continue The Pandemic Comeback

By Kathryn Petralia Kabbage from American Express has been tracking recovery trends and growth outlook of U.S. small businesses. Polling 563 small business leaders, our latest installment exhibits how small businesses are adapting to a shifting market as they look beyond pandemic-wrought challenges, adjust for inflation and modify hiring approaches.

Benzinga

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The Independent UK

Powell: 'Soft' economic landing may be out of Fed's control

Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second four-year term, for the first time Thursday acknowledged that high inflation and economic weakness overseas could thwart his efforts to avoid a recession

Benzinga

Technology Is Key To Weathering The Inflation Storm

By Martin Kotula

ABC News

Billion-dollar infrastructure budget blowout highlights impact of labour, supplies shortages

While much has been made of the effects rising costs and labour shortages are having on housing construction in Perth, the state budget lays bare the impact on the state's finances — and it's a billion-dollar problem.

Tribune News Service

Senate confirms Powell to second term as Fed chairman

Jerome Powell sailed through the Senate on Thursday with strong bipartisan support for a second term as chairman of the Federal Reserve Board.

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Bangkok Post

Stocks across Asia nosedive

The Thai bourse plunged yesterday, in line with global stock and cryptocurrency markets, as investors worried the Federal Reserve may implement more aggressive rate hikes to tackle runaway inflation.

Benzinga

Charles Hoskinson Shares Plan To Avoid Economic Collapse: How Crypto Could Help

One of the biggest names in the world of cryptocurrency shared thoughts on the current state of the global economy and inflation this week.

StockNews.com

Walmart vs. Home Depot: Which Mega-Cap Retailer is a Better Buy?

Concerns over the possibility of the Fed’s aggressive interest rate hike to control the surging inflation have led to a broad-based sell-off over the past few weeks. Amid the uncertainties surrounding the market, mega-cap retailers Walmart (WMT) and Home Depot (HD) should be able to deliver stable returns because of…

StockNews.com

5 Stocks Down Over 30% YTD That are Too Cheap to Ignore

Wall Street is currently witnessing relentless selling pressure on concerns over an aggressive monetary policy tightening to control the surging inflation. This has led to many quality stocks trading at attractive valuations. Fundamentally sound stocks United Microelectronics (UMC), Herbalife (HLF), Renault (RNLSY), Goodyear Tire & Rubber (GT), and Meritage Homes…

Benzinga

Markets Pare Intraday Losses, Still Finish Marginally Lower

U.S. indices traded lower Thursday as stocks experienced continued volatility amid concerns over rising interest rates and inflation.

The Hindu

Did the RBI wait too long to raise interest rates?

It could have started highlighting inflationary worry points in February

The Independent UK

Crypto meltdown prompts Yellen to call for new regulation

Treasury Secretary Janet Yellen, responding to the recent sharp decline in cryptocurrencies, says additional federal regulation is needed to respond to the wave of speculative investment in the currency whose secrecy is an essential part of its appeal

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