Creeping Inflation

Extra money for retired teachers in ’13th check’ at center of Republican-Democrat shouting game | Texas

Republican officials sounded the alarm last week that retired teachers in Texas are unlikely to receive an additional payment of up to $ 2,400 from the state’s teachers’ retirement fund. Democrats ending the special legislative session. GOP lawmakers held at least three press conferences singling out Democrats who fled to …

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Delta set to dominate after Powell beats dollar

GBP / USD swung in response to high inflation and dismissive responses from central banks. Covid headlines, UK reopening and US infrastructure talks stand out. The daily chart for mid-July paints a mixed picture. The FX poll indicates short-term declines before a rally thereafter. Is inflation transient or not? There …

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Biggest U.S. banks crush earnings estimates as economy picks up

WASHINGTON, July 14 (Reuters) – America’s four largest consumer banks this week released successful second quarter results after pandemic loan losses did not materialize and the US economy began to recover life. Wells Fargo & Co (WFC.N), Bank of America Corp (BAC.N), Citigroup Inc (CN) and JPMorgan Chase & Co …

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Year in Review: Australia – The Bull

Most recently, in June, I celebrated the 18the anniversary of the Fidelity Australian Equities Fund. I have always managed the Evolution rather than Revolution Fund, and it has served us extremely well, especially during crises like the COVID-19 pandemic. While the impact of the coronavirus on people’s lives has been …

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Bankruptcies Halved But Fears of Rise of “Zombie” Businesses – Daily Business

Bankruptcies declined thanks to government support Business failures across the UK have been cut by more than half in the first six months of 2021, as government COVID-19 support measures have helped businesses navigate their way through the pandemic . However, this support can also support “zombie” businesses that would …

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Navigating Dangerous Legal Waters | Above the law

The US economy is, not to be too technical, in a strange place. A number of traditional economic indicators all point in the direction of continued bullish growth. Others are bearish or downright scary. If you’re looking for good news, consider the Dow Jones is up over 13% year-to-date, while …

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Bank of Israel keeps rates unchanged, says COVID still poses “risk” to economy

The Bank of Israel said on Monday it was leaving its key rate unchanged at a record 0.1%, saying the central bank would continue to conduct “very accommodative monetary policy” for an extended period. The Bank of Israel has also released updates to its macroeconomic forecasts for 2021 and 2022, …

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Nigeria: Families struggle to survive as food prices soar

Nigerian nutritionist Emiolo Ogunsola stands in front of a dozen new mothers at a public hospital in Lagos, listing the basic foods they need to properly feed their children: eggs, vegetables and beans among them. His pitch is abruptly interrupted. For listening mothers, even the essentials are increasingly beyond their …

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