Economy

How is the red-hot inflation hurting the common man?

 How is the red-hot inflation hurting the common man?

Inflation hits the common man hard. People are getting poorer dealing with this fastest inflation.

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US home sales drop for 3rd straight month, mortgage rates rise sharply

US home sales drop for 3rd straight month, mortgage rates rise sharply

Highlights: Borrowing costs rose for a third straight month in April, keeping home buyers at bay. Homebuyers are dealing with the highest lending rate since 2008. The average price of homes in April jumped to US$391,000- a record high. US...

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US homeowners look for tenants to help pay their mortgages

US homeowners look for tenants to help pay their mortgages

Highlights: More and more buyers in the US are warming up to the idea of renting out extra space as expenses surge. The housing market in the US is likely to accelerate next year. The trend of renting out extra rooms is catching up in the US. ...

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Political unrest in Sri Lanka amid rising economic turmoil

Political unrest in Sri Lanka amid rising economic turmoil

Highlights Several economists have said that the main problem behind Sri Lanka’s current situation is economic mismanagement. Hundreds have been injured in protests; few have even died including a ruling party MP. After Mahinda Rajapaksa...

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US inflation slowed down to 8.3% in April as gasoline prices eased

US inflation slowed down to 8.3% in April as gasoline prices eased

Highlights: April CPI slowed down to 8.3% YoY for the first time since August. Gasoline prices slid 6.1% in the month after soaring 18.3% in March. Airline fares skyrocketed 18.6% MoM, propelled by rising demand and high jet fuel prices. ...

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Explained: How Russian economy is holding on despite heavy sanctions

Explained: How Russian economy is holding on despite heavy sanctions

Highlights: Despite geo-political turmoil and heavy sanctions, Russia picked up its exports in April. Most of Western European and other countries like India and Turkey are importing oil from Russia. Several economists suggest that Russian eco...

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Record US job quits in March spur wage inflation fears

Record US job quits in March spur wage inflation fears

Highlights: Record high resignations in the US are likely to fuel wage inflation. US job openings surged 205,000 to 11.5 million in March 2022. Companies struggle to recruit and retain employees following the mass exodus. In March, US job...

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Three top hedges to shield your portfolio against inflation

Three top hedges to shield your portfolio against inflation

  • April 30, 2022 07:42 AM PDT
  • Aayush

Since the beginning of 2022, inflation worries have been mounting globally. The US recently recorded a 40-year high inflation while for New Zealand as well as the UK, inflation is at a 30-year high. These soaring figures are enough to remind invest...

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Five ways to prepare for interest rate hikes 

Five ways to prepare for interest rate hikes 

As an interest rate hike decision by the Reserve Bank of Australia (RBA) approaches closer, loan holders need to be prepared to part ways from a considerable share of their income. Most financial markets expect the RBA to raise interest rates as so...

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US factory output rises for 3rd straight month, beats forecast

US factory output rises for 3rd straight month, beats forecast

Highlights: US factory output rose for the third consecutive month in March, said a Fed report. The report showed a 5.4% annual increase in manufacturing output in the first quarter. Business investments continue to rise with companies showing...

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What is the current state of inflation in OECD area?

What is the current state of inflation in OECD area?

Highlights The OECD has recently released the consumer price index report for February 2022. Consumer prices rose significantly in February in the OECD region. A sharp rise in inflation was seen in Turkey among OECD member countries. Whil...

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