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Economy
Skyrocketing Global Fuel Prices Threaten Livelihoods and Social Stability
“NO ES SUFICIENTE” — It’s not enough. That was the message protest leaders in Ecuador delivered to the country’s president this past week after he said he would lower the price of both regular gas and diesel by 10 cents in response to…
Pasta, bread and beef mince top list of fastest-rising UK budget grocery prices –
Here are some of the key data on inflation in budget ranges. The pasta surge is by far the most notable, but others include crisps (17%), bread (16%), minced beef (16%) and rice (15%).Yet at the same time for six of the 30 items, the…
Republicans are much more worried about inflation than Democrats. Why that matters
Democrats and Republicans have wildly different expectations for inflation in 2022. Republicans expect prices to rise about 7% over the next year — more than double the 3% increase expected by Democrats, according to last month's…
Russia was invading, so a Ukrainian converted his life savings of $10,500 into
A Kyiv resident said he converted his $10,500 in life savings into a crypto-token called terra, but lost most of it after terra crashed.STR/NurPhoto via Getty ImagesA Kyiv resident wanted to protect his life savings to avoid risks from…
The U.S. isn’t alone: Over 35 countries hit with inflation spike
Inflation in the U.S. has risen during the past two years at the third-fastest rate out of 46 Organization for Economic Cooperation and Development and other economically significant countries.The big picture: Rising prices aren’t just a…
What real-time indicators suggest about Omicron’s economic impact
Jan 1st 2022WHAT IS THE economic impact of Omicron? The latest variant of the coronavirus has let rip at such a ferocious pace that forecasters are still catching their breath, and it will be some time before its economic effects become…
Raising interest rates is the wrong solution to the inflation problem, analyst says
Raising interest rates to tame demand — and therefore inflation — is not the right solution, as high prices have been driven mainly by supply chain shocks, one analyst said. Global manufacturers and suppliers have been unable to produce…
Consumer price report has traders bracing for inflation data
Morgan Stanley Private Wealth Management senior VP Katerina Simonetti and Peapack Private Wealth Management's David Dietze share their insight on best investment practices. U.S. equity futures were trading higher early Wednesday,…
Live news updates: China’s manufacturing sector contracts at a slower pace
South Korea’s industrial output, consumption and investment all fell in April as higher raw material prices and supply chain disruptions weighed on Asia’s fourth-largest economy, data showed on Tuesday. It was the first time in two years…
Omicron wreaks havoc on NYC, causes crippling staff shortages
Omicron is shaking the Big Apple to its core thanks to crippling staffing shortages caused by the raging COVID-19 variant.
Between vital transportation and emergency services, retailers and schools, workers…