Creeping Inflation

ASX avoids COVID gloom to cap record year

Mining and Telstra helped support the index, while big banks and CSL biotech lost some heat. The session closed a ninth consecutive monthly gain for the stock market, with 11 of the past 12 months ending higher as investors continue to invest in stocks, supported by an unprecedented river of …

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Bank burden – the Hindu BusinessLine

The Centre’s credit surge towards the economy with an eye on the informal sector did not come too late. It is a tacit recognition that large swathes of the working class have been affected by the second wave of the pandemic and may need additional support beyond food and cash …

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The US economy is closer to normal – but still has a way to go

When the coronavirus pandemic first hit American soil, millions of people lost their jobs within weeks. And in April 2020, the unemployment rate in the United States hit an all-time high. Things have improved a lot since then. Not only were more jobs reintroduced into the economy, but the many …

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Canadian Banks: Buy This Rising Dividend Aristocrat!

It took a year and a half for Canadian bank stocks, many of which are prominent dividend aristocrats, to rise from the niche to the top of the podium. With inflation nervousness and concerns about faster-than-expected rate hikes, Canada’s major financial stocks suddenly became must-buy amidst an ever-improving macroeconomic backdrop. …

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Slight optimism ahead of Core PCE, GBP / CHF back in range

Asian indices: Australia’s ASX 200 index rose 47.1 points (0.65%) and is currently trading at 7,322.40 Japan’s Nikkei 225 index rose 45.23 points (0.16%) and is currently trading at 28,920.12 Hong Kong’s Hang Seng Index rose 314.6 points (1.09%) and is currently trading at 29,197.06 UK and Europe: UK FTSE …

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Pound grows as economy reopens – live updates

Oour deputy economic editor Tim wallace reports on the latest PMI survey: According to the IHS Markit Purchasing Managers Index (PMI), companies are raising prices at an all-time high as a supply shortage combined with soaring demand outstrips their ability to serve customers. The cost of materials and components is …

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Dollar catches its breath as traders wait for Powell’s testimony

Four thousand US dollars are counted by a banker counting change at a bank in Westminster, Colorado on November 3, 2009. REUTERS / Rick Wilking / File Photo Chart: Global exchange rates https://tmsnrt.rs/2RBWI5E SINGAPORE, June 22 (Reuters) – The dollar came to a standstill on Tuesday as traders turned to …

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Team Biden’s leftist bid to beat successful big corporations

Four years ago, while a student at Yale Law School, Lina Khan wrote an article about the supposed evils of Amazon, the ubiquitous and user-friendly online retailer. Now, at just 32, she heads the Federal Trade Commission, one of America’s largest tech regulators. Since becoming attorney general for the District …

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