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Tag: inflation

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Wall Street Tumbles to Biggest Loss in Two Years Following CPI Data
A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed...
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Wells Fargo CFO Says There Will Be Stress as Economy Slows
Wells Fargo & Co is seeing loan growth moderating after strong growth so far this year and witnessing...
Bank of England to Raise Rates to Counteract Inflation: Poll
LONDON — The Bank of England looks set to hike borrowing costs by another 50 basis points next week,...
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US Holiday Sales Growth Likely to Slow as Inflation Hits Shoppers: Report
U.S. sales growth is expected to slow this holiday season as consumers facing decades-high inflation...
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‘All we need is kerosene’: Fishermen Struggle for Livelihoods in Crisis-hit Sri Lanka
As the sun rose over Sri Lanka in late August, a group of fishermen were laying out their net on a beach...
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Dollar Slides as Investors Balance Positions Ahead of US Inflation Data
The dollar fell to a more than one-week low on Friday as investors consolidated gains after a sharp rise...
Empty Shelves and Rising Prices Test Tunisians’ Patience
Food shortages are worsening in Tunisia with empty shelves in supermarkets and bakeries, adding to popular...
Curtains Drawing on Runaway Rise in Global Housing Prices: Poll
A runaway surge in global house prices is drawing to a close as interest rates rise along with the cost...
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German Economy Likely Already in a Recession, Will Last Three Quarters: Reuters Poll
The German economy is on track to contract for three consecutive quarters starting from this one, according...
PA's Democrat Governor Tom Wolf Wants to Drop a $2,000 inflation relief stimmie ahead of midterms
PA Gov Renews Campaign to Solve Inflation Woes With Another $2,000 Stimmie
As the American middle class has been rocked by 2022’s record inflation, the Governor of Pennsylvania...
A UK Supermarket chain launched a microloan program to keep business going amid inflation.
UK Supermarket Starts Issuing Microloans to Pay for Groceries
British supermarket Iceland has introduced a — for the time being — interest free microcredit system...
The chipmaking industry is set to be hit with a major downturn as demand from the middle class vanishes in inflation.
Chipmakers Facing Dark Days as Middle Class Suffers
The chipmaking industry has finished its boom and is heading towards a potential bust as the middle class...