A third of Britons face poverty with energy bills expected to hit $5,000

A third of Britons face poverty with energy bills expected to hit ,000

About 10.5 million households will be in fuel poverty in the first three months of next year, according to estimates by the End Fuel Poverty Coalition (CSPS) published on Tuesday – meaning their income after paying for energy will fall below the poverty line. The UK government defines poverty as household income below 60% of … Read more

Wage inflation, used car prices could soar: Jim Bianco

Wage inflation, used car prices could soar: Jim Bianco

Washington’s efforts to rein in inflation will particularly fail this year, according to market forecaster Jim Bianco. And, he thinks this week’s key inflation data will help prove it. “I don’t see anything that could reduce the rate of inflation. There are some things that could reduce prescription drug prices and maybe a few other … Read more

Is Japan open to travellers? This is where Singaporeans want to travel

Is Japan open to travellers?  This is where Singaporeans want to travel

Some 49% of Singaporeans say they are considering Japan for their next overseas holiday, according to market research firm YouGov. Interest may be even higher among younger citizens. Some 68% of Singaporeans aged 16 to 24 said they were considering Japan for their “next vacation”, compared to 37% of those aged 55 and over, according … Read more

The FAO Food Price Index fell sharply in July, but the respite may not last

The FAO Food Price Index fell sharply in July, but the respite may not last

Farmers harvest a wheat field near Melitopol in Ukraine. Wheat, soybean, sugar and corn futures have fallen from their March highs to prices seen in early 2022. Olga Maltseva | AFP | Getty Images According to the latest figures from the Food and Agriculture Organization of the United Nations, food prices fell significantly in July … Read more

Stocks make the biggest moves after hours: Novavax, Allbirds and more

Stocks make the biggest moves after hours: Novavax, Allbirds and more

A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of the Novavax logo displayed in this illustration taken October 30, 2020. Given Ruvic | Reuters Find out which businesses are making headlines after hours. Novavax – The biotech stock fell 32% after Novavax cut its … Read more

Consumer expectations for future inflation have fallen significantly in favor of the Federal Reserve

Consumer expectations for future inflation have fallen significantly in favor of the Federal Reserve

Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images The outlook for consumer inflation fell significantly in July amid sharp declines in gasoline prices and growing belief that rapid increases in food and housing would also decline in the future. The New York … Read more

5 things to know before the stock market opens on Monday August 8

5 things to know before the stock market opens on Monday August 8

A trader works on the floor of the New York Stock Exchange (NYSE), New York, August 3, 2022. andrew kelly | Reuters Here are the most important information investors need to start their trading day: 1. Stocks are looking for momentum U.S. stock markets were on track to open higher on Monday morning after three … Read more

Senate passes Democrats’ sweeping climate, health care and tax bill, handing Biden victory

Senate passes Democrats’ sweeping climate, health care and tax bill, handing Biden victory

Washington— The Senate passed the Democrats’ sweep on Sunday economy package designed to tackle climate change, address health care costs and raise taxes on big business, marking a crucial achievement for President Biden and his party as they seek to maintain their hold on Congress in the election November mid-term. The plan, called the Cut … Read more

Ex-rebel sworn in as Colombian president in historic turn

Ex-rebel sworn in as Colombian president in historic turn

BOGOTA, Colombia (AP) — Colombia’s first leftist president will be sworn in on Sunday, promising to fight inequality and heralding a turning point in the history of a country haunted by a long war between the government and guerrilla groups. Senator Gustavo Petro, a former member of the Colombian guerrilla group M-19, won the presidential … Read more

Fed Governor Bowman expects ‘similar sized’ rate hikes after three-quarter point moves

Fed Governor Bowman expects ‘similar sized’ rate hikes after three-quarter point moves

Federal Reserve Bank Governor Michelle Bowman delivers her first public address as a federal policymaker at an American Bankers Association conference in San Diego, California, February 11, 2019. Ann Sapphire | Reuters Federal Reserve Governor Michelle Bowman said on Saturday she supported the central bank’s recent large interest rate hikes and believed they would continue … Read more