UK food price inflation hits highest level since global financial crash – The Guardian
The rapidly rising price of food including milk, margarine and crisps pushed August shop price inflation to the highest levels since 2008 as the war...
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‘King dollar’ surges higher as Fed presses ahead with rate rises – The Financial Times
The dollar is on the cusp of its third straight month of gains after reaching a 20-year high against peers, in a stark reflection of...
Job Openings Picked Up in July, Showing the Labor Market Remains Hot – The New York Times
Demand for workers remained strong in July, a sign that the US labor market remains vibrant even as the Federal Reserve tries to cool the...
The cloud computing giants are vying to protect their fat profits – The Economist
When chief executives ring the closing bell at the Nasdaq stock exchange in New York, it is usually because their firm has just gone public....
Rich people are worried about spending. That’s bad news for everyone else – CNN
After a period of angst, Americans appear to be feeling a bit better about the economy. What’s happening: The Conference Board’s consumer confidence index for...
‘Inflation Fever’ Is Finally Breaking — But Central Banks Won’t Stop Hiking Rates – Bloomberg
Global inflation is finally coming off the boil, even if it’s set to remain far too hot for the liking of the world’s central bankers....
QT at the Bank of Canada: Assets Down 24% from Peak. Spiraling Losses on Bonds, to Be Paid for by Canadians – Wolf Street
On the Bank of Canada’s balance sheet released Friday, total assets of C$439 billion were down by 24% from the peak in March 2021 (C$575...
Is it wise to take out a loan to invest in crypto? – Euronews
Is taking out a loan to buy crypto wise? Almost a quarter of US investors seem to think so. A recent survey by DebtHammer, which...
EU to unveil emergency measures to curb soaring energy prices – The Financial Times
The EU is preparing emergency measures to curb the price of electricity by separating it from the soaring cost of gas, as Shell warns the...
ECB chief economist sees benefits of raising rates in ‘smaller increments’ – The Financial Times
The European Central Bank’s chief economist has said it should increase borrowing costs at a “steady pace”, casting doubt over whether he will support calls...