Inflation
Soaring rents and electricity prices are squeezing Singapore retailers’ margins
Retail businesses in Singapore are grappling with higher costs as rents rise and energy prices soar, the Singapore Retailers Association said. Cost pressure is a big concern for many Singapore retailers which have not completely passed on price increases to consumers, and are currently feeling the “margin squeeze,” Ernie Koh, the association’s president told CNBC’s […]
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Here’s how much cash you need to ride out a recession at different life stages, according to financial advisors
designer491 | iStock | Getty Images With the threat of a recession looming, more financial experts are sharing how to prepare — including how much cash it may be smart to set aside. The end of June marked a turbulent six months for the S&P 500 Index, which dropped by more than 20% since January, […]
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Fed sees ‘more restrictive’ policy as likely if inflation fails to come down, minutes say
Federal Reserve officials in June emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wednesday. Members said the July meeting likely also would see another 50- or 75-basis point move. A basis point is one one-hundredth of […]
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The Federal Reserve hiked interest rates to combat inflation: Here’s what that means for you
The Federal Reserve recently raised interest rates by three-quarters of a percentage point, the most aggressive hike since 1994. This rise puts the key benchmark federal funds rate at a range between 1.5 and 1.75%. The Fed’s intention is to help combat inflation. Watch this video to find out what rising interest rates mean for […]
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Biden’s move to lift some China tariffs will likely be ‘modest’ in short term, former trade negotiator says
President Joe Biden could decide “pretty soon” on a modest relief package to roll back some U.S. tariffs imposed on China in an effort to tamp down inflation, said Clete Willems, who previously served as deputy director at the National Economic Council. “What we are expecting that the president is deciding on is a relatively […]
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Wrong time to get bullish: Top investor warns deflating tech ‘bubble’ far from over
The recent tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it’s a concept investors fail to grasp, particularly when it comes to growth, technology and innovation names. “The two certainties in this world of uncertainty today is that profits growth is […]
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Bank of England’s Bailey warns global economic outlook has ‘deteriorated materially’
Andrew Bailey, governor of the Bank of England, has said the global economic outlook has deteriorated materially after surging commodity prices pushed up inflation around the world. Bloomberg | Bloomberg | Getty Images LONDON — The governor of the Bank of England said Tuesday that the global economic outlook has “deteriorated materially” and warned of […]
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The second-half is ‘not looking good’: Strategists on how to weather the market storm
A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters The first half of 2022 was historically dismal for global stock markets, and strategists think there are dark clouds on the horizon and some way to go before the storm blows over. The S&P 500 […]
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South Korea’s June inflation hits 24-year high, raising expectations for a big rate hike
A photo showing workers setting up scaffolding beneath the logo of the Bank of Korea at its headquarters in Seoul on January 14, 2022. South Korea’s June inflation accelerated to the fastest pace since the Asian financial crisis, fanning expectations the central bank could deliver a 50 basis point rake hike for the first time […]
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Turkey’s annual inflation soars to almost 79%
Shoppers stroll the aisles of a bazaar in Konya, Turkey. The country is experiencing brutal inflation, with food and non-alcoholic beverage prices rising 70.3% year over year for March. Diego Cupolo | Nurphoto | Getty Images Inflation in Turkey rose close to 79% last month, the highest the country has seen in a quarter of […]
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