Creeping Inflation

A passenger wears a protective mask at the Wall Street subway station in New York on Monday, March 30, 2020. Michael Nagle | Bloomberg via Getty Images Futures linked to major U.S. stock indexes surged higher in Wednesday’s overnight session, just hours after lingering pressure on tech stocks pushed the …

The Guardian Republicans are trying to rewrite the history of the attack on Capitol Hill. Don’t let them By blocking a congressional investigation into what happened, the Republican Party has proven itself beyond shame or dignity. the Republican Party’s relentless war on expertise, factual media and political opposition. Photograph: Joseph …

The cost of raw materials that go into making breakfast staples has climbed higher since the start of the pandemic – raising fears that a large commodity boom could push up global food prices for consumers. Bulk contract prices for coffee, milk, sugar, wheat, oats and orange juice have jumped …

Bloomberg World faces longer supply shortage as Chinese factories contract (Bloomberg) – Eric Li’s factory, which makes glass lampshades for companies like Home Depot Inc., is being pushed to its limits with sales doubling their pre-pandemic level, but like many Chinese manufacturers, it has no plans to expand its business …

IInflation is back. This old enemy of central bankers, aggressor of retirees and staple of 1970s fashion is back in the news. There is talk of his return to Threadneedle Street and the US Federal Reserve. It creeps into newspaper headlines and the worry lists of market watchers. But a …

Fixed mortgage interest rates have already bottomed out in the near future, if the Reserve Bank’s outlook on Wednesday materializes. The Reserve Bank left the official treasury rate (OCR) at 0.25% as expected, but signaled that the OCR would start rising at the end of next year and reach 1.75% …

Editor’s Note: With such market volatility, stay up to date with daily news! Take a minute to read our quick summary of today’s hot news and expert opinions. Register here! (Kitco News) – As the growing inflationary threat has prompted investors to return to the gold market, one company said …

The euro pound exchange rate (GBP / EUR) edged up on Tuesday, recouping some losses from the previous session. The euro was lifted by the weak US dollar on Monday as US inflation fears eased. Today, German GDP data, the final reading for the first quarter is expected to show …

4:10 p.m .: Bitcoin shakes up a tough weekend The Dow closed Monday up 186 points, 0.5%, at 34,394. The Nasdaq gained 190 points, 1.4%, to 13,661, and the S&P 500 added 41 points, 1%, to 4 197. Bitcoin made big gains after falling below $ 32,000 over the weekend. …

Cars are about to get a lot more expensive. Manufacturers and drivers must prepare. The price of everything that goes into a vehicle goes up. Raw materials – from the steel used for the bodies, gear parts and frames to the plastic that wraps in the bumpers and door trim …