Gas, rent and grocery prices keeping inflation high
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Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
Australia unleashes rent and energy relief as inflation bites
Cost of living crisis divides country between homeowners and rentersFinancial Times - World - Australia -
Target, Aldi cut prices on staples like chicken, diapers and pet food as shoppers rack up grocery debt
‘Consumers are feeling pressured,’ a Target executive said, while Walmart also lowered pricesMarketWatch - Business -
Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - Business -
Fed’s Bostic expects inflation to keep coming down — but slowly
The U.S. economy is slowing down, albeit at a glacial pace, and this should help inflation continue to gradually cool, Atlanta Federal Reserve Bank President Raphael Bostic said Monday.MarketWatch - Business -
Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
Gold prices hit a new record high: 5 moves to make now
Gold prices have climbed above $2,430 per ounce. Here are the moves to make to capitalize on today's high price.CBS News - Top stories -
Target to lower prices on thousands of basic items as inflation sends customers scrounging for deals
Target is cutting prices on thousands of consumer basics this summer, goods ranging from diapers to milk, with more Americans paying closer attention to their spending as inflation cuts into household budgetsABC News - Top stories -
Pitch count rule violation could keep South Carolina high school from competing for state title
Summerville High School may have violated the pitch count rules in a recent gameCBS Sports - Sports -
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business -
U.S. oil prices settle at one-week high on post-CPI relief rally and drop in crude supplies
U.S. oil prices settled at their highest level in a week on Thursday, extending a relief rally sparked by data showing a slowdown in key U.S. inflation data.MarketWatch - Business -
European utilities cut renewable targets as high costs and low power prices bite
Trend of scaling back and reviewing plans highlights difficult economics of transitioning away from fossil fuelsFinancial Times - Business -
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Shoppers are taking on credit-card debt to buy groceries. That’s ‘a canary in a coal mine.’
As grocery prices rise, one in four adults who pay for food with credit cards are carrying debt.MarketWatch - Business -
Rent has risen faster than wages in most US cities
Since 2019, rent prices have surged 30.4%, while wages have risen 20.2%, according to a recent Zillow analysis.The Hill - Politics -
How to Create a Strong Financial Plan When You’re Renting Forever
Either by choice or because they are priced out of the market, many people plan to never stop renting. Building wealth without home equity requires a different mind-set.The New York Times - Business -
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Renting or Buying Is Often Personal, but It’s Also Helpful to Look at the Numbers
The Upshot’s financial calculator has been updated with new features.The New York Times - Business -
How fast is UK inflation falling?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - United Kingdom -
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Natural Gas Up Amid Lower-Than-Expected Inventory Build
Natural gas prices rose for a second consecutive day as U.S. storage grew less than expected.The Wall Street Journal - World -
Chevron to sell off its remaining North Sea oil and gas fields
US company denies decision is linked to UK’s 35% windfall tax on North Sea producers. Chevron is preparing to call time on more than five decades in the North Sea with a plan to sell its remaining oil and gas fields in the ageing oil basin.. The ...The Guardian - World -
Natural Gas Futures Rise With Some Help From Texas Storm
Natural gas futures rose 5% on a storm in Texas and as U.S. inventories shrink ahead of higher cooling demand.The Wall Street Journal - World -
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U.S. Natural Gas Futures Add to Gains on Weather, Storage Outlook
U.S. natural gas futures extended their three-weeklong rally with early season heat in Texas driving demand and prospects of a gradual reduction in inventory surpluses.The Wall Street Journal - World -
Walmart says more diners are buying its groceries as fast food gets pricey
Customers across incomes are looking for cheaper meals, Walmart's chief financial officer said.CNBC - Business -
Walmart says more diners are buying its groceries as fast food gets pricey
Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation’s largest grocer sees a sales opportunity.NBC News - Top stories -
Apple Slashes iPhone Prices in China
As chief Chinesecompetitor Huawei steps up competition, Apple offers huge discounts to stem sales slump.Inc. - Business - Apple -
U.K. Inflation to Settle Below 2% Target
Inflation in the U.K. could soon be “too low,” beneath Bank of England forecasts that expect it to rebound after a fall in April, Capital Economics’ chief U.K. economist Paul Dales says.The Wall Street Journal - World - United Kingdom -
Canadian Inflation Expected to Show Further Cooling
Canada’s inflation report for April is likely to reinforce that conditions warrant a quarter-point interest rate cut, Royal Bank of Canada’s Nathan Janzen and Carrie Freestone say.The Wall Street Journal - World -
Phoenix is beating the rest of the country on inflation — on paper anyway
Phoenix is closer to winning the war on inflation than most other cities.NBC News - Top stories -
Tariffs Push Up Costs. But Not Always Inflation
Biden’s decision to raise tariffs on roughly $18 billion of goods from China has revived a long-running debate in economics over who ultimately pays such tariffs.The Wall Street Journal - World -
UK set for slower inflation than Eurozone and US
Drop in household energy bills set to push price growth close to Bank of England targetFinancial Times - Business - United Kingdom -
Rents just surged 10% in this affordable housing market. It was ‘bound to happen,’ one economist says.
Renters are swapping high-cost cities with expensive rentals for more affordable markets, a Redfin report found.MarketWatch - Business -
Child care can cost twice as much as rent in these 11 states: See the numbers
It’s no secret that child care is expensive – but in some U.S. states, it can cost at least twice as much as rent for families with more than one kid.The Hill - Politics -
Why the Dow Keeps Hitting New Records
The DJIA has just hit 40,000—but didn’t it just reach 30,000 three years ago? The Dow’s milestones keep coming faster and faster. WSJ’s Gunjan Banerji explains why.The Wall Street Journal - World -
Departing Boeing CEO Keeps His Board Seat
Shareholders defied a proxy advisor and kept Dave Calhoun on the board of the troubled plane maker, while unionized workers may get trained in whistleblower laws amid a slew of manufacturing safety issues.Inc. - Business -
Faced With a Russian Onslaught, Ukraine Struggles to Keep the Lights On
The government has for the first time ordered nationwide rolling blackouts for Monday night to conserve energy.The New York Times - World - Ukraine -
Wegovy is becoming too essential for its elite price
As the health benefits of anti-obesity medicines widen, pharma companies need to rethink what they chargeFinancial Times - Business