Stop using defense production law and antitrust law to fix government created problems

The Democrats in Washington have a problem, and it’s not because polls suggest they will be swept from power in Congress this November. They recognize that rapidly rising inflation combined with a mangled supply chain is keeping the economy listless. And yet the only solutions they seem capable of are employing the Defense Manufacturing Act … Read more

Eurozone hit by runaway inflation, ‘fragmentation fears’ after years of negative interest rates and reckless quantitative easing

Frenzied inflation started in mid-2021, but the ECB called it temporary. In June it was between 6% and 22%! By Wolf Richter for WOLF STREET. Eurozone inflation rose to a new record in June, according to preliminary data released today by Eurostat. The headline CPI rate accelerated from 8.1% in May to 8.6% in June … Read more

Wealthy Customers Will Help Apple Withstand the Effects of Inflation

An employee arranges Apple iPhones as a customer store at an Apple store. Mike Segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, annual inflation in the US … Read more

Wealthy Customers Will Help Apple Withstand the Effects of Inflation

An employee arranges Apple iPhones as a customer store at an Apple store. Mike Segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, annual inflation in the US … Read more

Stocks open sharply lower after key inflation report

The Dow Jones Industrial Average sold off on Thursday after a key inflation read, threatening to extend this week’s already sharp losses. were important profit drivers Acuity Brands (AYI), constellation marks (STZ) and Dow Jones shares Walgreen’s Boots Alliance (WBA). In the meantime, Micron technology (MU) earnings are due after the close of trading. X … Read more

Inflation, jobs data due as rally shows more weakness

Dow Jones futures fell slightly early Thursday, along with S&P 500 futures and Nasdaq futures, with some key jobs and inflation data due ahead of Thursday’s open. X The stock market rally was looking for direction on Wednesday. The major indices closed slightly mixed. But the details revealed further weaknesses, with losers slightly outperforming winners. … Read more

As inflation soars, black Americans are bearing the brunt of rising food, gas, and home prices

Johnson said she’s been trying to save money by cooking more at home and packing her husband’s lunches instead of eating out at restaurants. The Metro Atlanta couple put off buying a home after seeing a surge in home prices over the past year. Elementary school teacher Johnson also worries about being able to afford … Read more

Inflation Likely to Fall, But the Fed Won’t: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief delivered straight to your inbox by 6:30am ET Monday through Friday. Subscribe to Tuesday 28 June 2022 Today’s newsletter is here Emily McCormicka reporter for Yahoo Finance. Follow her on Twitter. The Federal Reserve is working hard to bring down inflation and is … Read more

Inflation Likely to Fall, But the Fed Won’t: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief delivered straight to your inbox by 6:30am ET Monday through Friday. Subscribe to Tuesday 28 June 2022 Today’s newsletter is here Emily McCormicka reporter for Yahoo Finance. Follow her on Twitter. The Federal Reserve is working hard to bring down inflation and is … Read more

Inflation killed the $1 pizza slice. Long live the 99c iced tea

The Costco hot dog and soda combo costs $1.50 and has stayed that way since 1985 Patrick T. Fallon/AFP via Getty Images Hide caption toggle caption Patrick T. Fallon/AFP via Getty Images The Costco hot dog and soda combo costs $1.50 and has stayed that way since 1985 Patrick T. Fallon/AFP via Getty Images Earlier … Read more