Consumer prices

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‘Double down’ on defense because stocks will plunge another 10%, Morgan Stanley’s Mike Wilson warns

Investors may be playing with fire. According to Morgan Stanley’s Mike Wilson, the S&P 500 is vulnerable to a 10%…

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Despite higher wages, inflation gave the average worker a 2.4% pay cut last year

A San Francisco grocery store. David Paul Morris/Bloomberg via Getty Images Inflation is taking a big bite out of workers’…

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Inflation rises 7% over the past year, highest since 1982

Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during December, according to a closely watched gauge…

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Inflation hits record of 5% in 19 countries using the euro

Consumer prices in the 19 countries that use the euro currency hit a record high of 5% in December compared…

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Biden to meet with farmers as he seeks to cut meat prices

President Joe Biden will meet virtually with independent farmers and ranchers By JOSH BOAK Associated Press January 3, 2022, 10:26…

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Turkey’s inflation hits a 19-year high of 36%

Official figures show that Turkey’s yearly inflation has climbed by the fastest pace in 19 years, jumping to 36.08% in…

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‘Bubblicious’ used car prices are rising faster than bitcoin, market researcher Jim Bianco warns

Your car may be more valuable than what’s in your portfolio. Used auto prices are rising faster than bitcoin and…

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‘Cash could be your friend’: Wilmington Trust sees a deeper pullback providing better opportunities for investors

The stock market’s volatility jump may be in its early stages. Despite a bullish 2022 outlook, Wilmington Trust’s Meghan Shue…

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New inflation number feeds angst about Democrats’ $2T bill

WASHINGTON — Government reports on rising inflation and the potential costs of President Joe Biden’s social and environment legislation raised…

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Business

Inflation surged 6.8% in November, even more than expected, to fastest rate since 1982

Inflation accelerated at its fastest pace since 1982 in November, the Labor Department said Friday, putting pressure on the economic…

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