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The Latest Breaking News from Inflation

NFI Group Inc (TSX:NFI) (OTC:NFYEF) has been downgraded to Market Perform from Outperform by BMO Capital analyst Jonathan Lamers. The analyst also lowered the price target to C$15.50, from C$21. Lamers stated that he is concerned with downside risk to the company's 2022 guidance as supply chain challenges are unlikely to improve in the near…

Benzinga

As cost of groceries rises, food pantries see increased demand. ‘It has just not stopped’

On a blustery afternoon on Chicago's West Side, Beverly Harris waited in line outside Harmony Community Church for her turn to select from bags of apples and cartons of eggs, romaine lettuce and puff pastries from the food pantry in the church’s basement.

Chicago Tribune

Labor unveil budget plan, PM touts regions

As Labor outlined its economic strategy, Prime Minister Scott Morrison has made a direct pitch to regional voters as climate divisions loom.

AAP

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Inflation jump largest since GST launched

The Australian Bureau of Statistics says the consumer price index rose 2.1 per cent in the March quarter, taking the annual rate to 5.1 per cent.

AAP

Consumer inflation tipped to hit 4.5% in March as Australian cost of living soars

Petrol, produce and mortgage costs are rising powered by pandemic shortages, flood damage and the war in Ukraine

The Guardian - AU

3 Under-the-Radar Tech Stocks That Are Skyrocketing in 2022

Yesterday, the benchmarks staged a comeback driven by a tech rebound. The technology sector seems oversold amid rising inflation and rate-hike fears. As such, despite the market turbulence, under-the-radar tech stocks Limelight Networks (LLNW), SurgePays (SURG), and BigBear.ai (BBAI) have skyrocketed in price this year and might be solid additions…

StockNews.com

Senate confirms Brainard as Fed vice chair but COVID-19 trips Democrats on Cook vote - Roll Call

Lisa Cook, who would become the first Black woman to join the Fed board, encountered another obstacle in COVID-19 cases among Democrats.

Roll Call

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Sherwin-Williams Posts Q1 Earnings Above Street View

Sherwin-Williams Co (NYSE:SHW) reported first-quarter FY22 sales growth of 7.4% year-on-year to $4.99 billion, beating the consensus of $4.91 billion. The increase in sales was driven by selling price increases in all segments and higher product sales volume in the Performance Coatings Group. Sales from stores in the U.S. and Canada rose 3.8%…

Benzinga

How to protect workers from inflation

Union contracts could ensure economic stability among the working class amid inflation

Salon

Defense contractors expected to struggle to meet weapons demand - Roll Call

Defense manufacturers will struggle to quickly replace the weapons the U.S. and others are providing Ukraine, witnesses told a Senate panel.

Roll Call

US consumers still confident in April, but slightly less so

U.S. consumer confidence dampened slightly in April but remains high and inflation concerns continue to weigh on their short-term outlook

The Independent UK

GE Stock Slides After Q1 Earnings, Warns On Inflation Pressure

General Electric Co (NYSE:GE) reported first-quarter FY22 adjusted revenue of $16.3 billion flat year-over-year and organic revenues of $16.43 billion, up 1% Y/Y. Total GAAP revenues were flat at $17.04 billion. Total orders increased by 11% Y/Y to $18.9 billion and +13% on an organic basis. Adjusted EPS was $0.24, an increase of…

Benzinga

Coca-Cola delivers ‘master class’ as sales soar despite inflation

Soft drinks manufacturer also admits to ‘accelerated cost pressures and ongoing supply challenges’

Evening Standard

5 cost of living announcements scrambling Boris Johnson could make - with NO new money

Boris Johnson has asked his Cabinet to come up with urgent ideas to solve the cost of living crisis... weeks after hitting Brits with a tax hike, and being accused of too little action in his Spring Statement

Daily Mirror

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Daily Record

Primark shoppers warned as price of clothes to change this year

Primark shoppers have been issued a warning from the fashion giant.

Newslaundry

Sansad Watch Ep 31: What's the RBI doing to control inflation, and is it enough?

Last week, we told you all about how inflation happens and what the government is doing about it.

Reason

No, Elon Musk Didn't Pay a 3.27 Percent Tax Rate

Plus: How misinformation spreads, ignoring inflation, and more...

Benzinga

Why GE Shares Are Falling Today

General Electric Company (NYSE: GE) shares are trading lower Tuesday after the company reported financial results and announced it's experiencing ongoing challenges stemming from the Russia-Ukraine conflict, COVID-19 impacts in China, inflationary pressures and material sourcing delays.

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Manchester Evening News

Tesco makes announcement that will affect anyone with a Clubcard

The supermarket giant is making a huge change for Clubcard holders

Dublin Live

Penneys set to hike clothing prices due to inflation

Easing of Covid-19 restrictions has seen sales jump more than 50%

The Independent UK

PM hints at further childcare support but no new money for cost-of-living crisis

Boris Johnson was expected to sign off on plans in the ‘coming weeks’.

The Independent UK

Sunak says no new money for cost-of-living ideas - and proposals won’t be discussed for weeks

Boris Johnson to chair meeting to pick out most promising schemes put forward by his ministers

Wales Online

Hundreds of thousands to miss out on transition benefits payments

It's part of major plans to move nearly one million claimants over to universal credit by 2024

The Independent UK

Why it’s never been a better time to start investing

As life finally starts to return to a new normal after two years of living through the coronavirus pandemic, many people are now looking to take back some control of their finances and to set up a secure future for themselves.

Manchester Evening News

Primark issues warning to anyone who shops in its high street stores

It's a crushing blow for shoppers who rely on Primark for cheap items

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