High price inflation

London (CNN Business) Millions of people in the United Kingdom are steeling themselves for colossal rises to their energy bills over the next few months, a coda to a year already marked by record price increases. The crisis is not unique to the country. Prices have shot up across Europe since last fall, driven by a spike in demand as countries lifted pandemic lockdowns. Russia's invasion of Ukraine in late February, and the subsequent drop in Moscow's oil and natural gas exports to Europe , have pushed prices even higher. But UK energy prices are now higher than in comparable economies like France and Italy, analysts told CNN Business. And Brits have suffered much bigger price increases than in most European countries, including Germany, where decades of energy policy has been turned on its head by the Ukraine war. The Office for National Statistics said this week that UK natural gas prices rose nearly 96% in the year to July, while electricity … [Read more...] about Why UK energy prices are rising much faster than in Europe

It’s one of the oldest rules on Wall Street: Don’t fight the Fed! Lately, however, that’s all anyone seems to be doing. The Fed is attempting to rein in inflation by raising interest rates and allowing its balance sheet to shrink. In theory, this should drive asset prices and raising rates on home loans, tightening financial conditions for businesses and households. While that happened in the early stages of the Fed’s tightening cycle, it has since gone haywire . The S&P 500 rallied 17.2 percent in the 41 days through March 17. U.S. corporate bonds with junk bonds also have gone on a stunning rally, narrowing the spread from roughly 600 basis points to 425 basis points above the risk-free Treasury rate on Friday.  The thirty-year fixed mortgage rate has fallen from nearly six percent to 5.13 percent. The market odds implied odds that the Fed will hike another 74 basis points in September have declined substantially. In short, financial conditions are substantially … [Read more...] about The Markets are Fighting the Fed and Vice Versa

close Video Louisiana Democrat running for Senate highlights effort from party leaders to stifle election chances A Democrat seeking election to represent Louisiana in the Senate insists his party should work to sort out its messaging ahead of the state's primary election as he faces pushback from party leaders who he says do not "represent Louisiana Democrats." NEW You can now listen to Fox News articles! A Democrat seeking to represent Louisiana in the Senate has accused his party of working against him, and says his party should sort out its messaging ahead of the midterm elections. In an interview with Fox News Digital on Thursday, Gary Chambers said he is running for Senate to better the lives of Louisianans who face economic hardships and noted some of the roadblocks he has faced as a Black candidate along the way, specifically those in his own party. "I think that any Black candidate is always going to have to prove themselves to … [Read more...] about Louisiana Democrat running for Senate highlights effort from party leaders to stifle election chances

close Video Tucker Carlson: Inflation Reduction Act may be a classic case of misinformation 'Tucker Carlson Tonight' host breaks down the deceit in Democrats' $740 billion legislation that will not bring down inflation. NEW You can now listen to Fox News articles! DES MOINES, Iowa – As 2024 hopefuls descend upon the Iowa State Fair, top state GOP leaders tell Fox News Digital that the state is uniquely positioned to help America choose presidential nominees due to its "retail politics" style, and that President Biden's failures will propel Republicans to victory in the upcoming midterms. Sen. Rick Scott, R-Fla., Sen. Tom Cotton , R-Ark., Sen. Tim Scott, R-S.C., former Secretary of State Mike Pompeo, Sen. Ted Cruz, R-Texas, and former Vice President Mike Pence are a few of the potential 2024 contenders that have stopped through Iowa in recent months. "I've been meeting and interviewing and having events with these individuals … [Read more...] about Local GOP leaders say Iowa’s ‘retail politics’ uniquely appeals to 2024 hopefuls

A fully modernized antique home in Marblehead, MA , is the oldest property to hit the market this week on Realtor.com®. The historic home with a fresh facade offers beautiful harborside views from its roof deck. Initially constructed in 1668, the entire home has been updated to now offer a bright and airy floor plan. Other historic homes that landed on the market this week include an affordable Colonial in New Jersey, a classic Pennsylvania farmhouse, and a waterfront Cape in Rhode Island. For a full look at all of the week's 10 oldest homes , just scroll on down. 1. 3 Gregory St, Marblehead, MA Price: $1,650,000 This three-bedroom house has been updated but still retains its old-world charm, featuring original wood beams, custom built-ins, and reclaimed floors. There are two fireplaces and three stories of living space in a total of 2,445 square feet. Upstairs, the primary suite has a gorgeous fireplace, sitting area, and spacious bathroom with a walk-in … [Read more...] about Built in 1668, a Modernized Antique in Massachusetts Is the Week’s Oldest Home

close Video Republican Joe O’Dea responds to abortion attack ad in Colorado Senate race NEW You can now listen to Fox News articles! DENVER – On the day political handicappers shifted the Colorado Senate race into a more winnable zone for Republicans, Democratic Sen. Michael Bennet released an attack ad that bewildered GOP nominee Joe O'Dea's campaign. Bennet released an ad Thursday attempting to paint O'Dea as someone who wants to ban all abortion. However, O'Dea, to the chagrin of some Colorado Republicans , is far more pro-choice than much of his party. "Michael Bennet has always fought for a woman's right to make her own healthcare decisions, but Joe O'Dea opposes the law protecting abortion access in Colorado," one Coloradan said in Bennet's ad. "O'Dea would have voted to confirm Trump's Supreme Court justices who overturned Roe v. Wade," another person says. "It's just not true," O'Dea said of Bennet's ad in an exclusive … [Read more...] about Colorado Senate shakeup: Joe O’Dea responds to Sen. Bennet’s abortion attack ad as Democrat loses steam

(CBS DETROIT) — Michigan GOP governor candidate Tudor announced on Friday that she has selected former state Rep. Shane Hernandez as her running mate for the November election. Hernandez, who was chairman of the state House Appropriations Committee, ran for the U.S. House in 2020 but was unsuccessful in winning the Republican primary against U.S. Rep. Lisa McClain. READ MORE: Michigan Judge Blocks Abortion Ban, Opponents React The husband and father of two served in the Michigan House of Representatives from 2017 until 2021. “Shane Hernandez as lieutenant governor will help to improve our schools, create safer communities, and improve our economy,” Dixon said in a statement. “Like me, Shane is concerned about the impact rising prices as having on our families.” Dixon’s selection came one hour before the 5 p.m. deadline to submit her choice for a running mate, ahead of the party convention on Aug. 27. READ MORE: Belle Isle Park's Giant Slide Closes Down After Concerns … [Read more...] about Tudor Dixon Selects Former Rep. Shane Hernandez As Running Mate In Race For Michigan Governor

0 Traffic & Transit Gas prices are on the rise nationwide. Before you head out this Memorial Day weekend, see how much you can expect to pay at the pump. Amie Schaenzer , Patch Staff Posted Reply GRAYSLAKE, IL — If you’re among the 37 million Americans predicted to travel this Memorial Day, part of planning your trip means knowing how much it will cost to fill up the tank in Grayslake. One thing is for certain: Prepare your wallet to take a big hit this Memorial Day. The American Automobile Association predicts gas prices will reach a high not seen since 2014. In fact, AAA data shows the average price for a gallon of gas in Lake County was $3.193 on Wednesday. Average prices are updated daily. More demand this year is likely to drive up prices as the holiday approaches, according to AAA. As demand increases, gas stations will have to adjust delivery schedules in order to keep up. This could also result in some … [Read more...] about Memorial Day Travel: How Much Is Gas In Grayslake?

Click here to read the full article. Interior designer Melanie Rose specializes in something very intimate and unique in the home renovation space: She designs sex rooms. Remember Tommy Lee’s dream of a boudoir playground in “Pam & Tommy,” and how the racy redesign led to his sex tape being stolen? That’s what Rose does for a living — well, except she doesn’t steal her clients’ personal belongings. When she’s not planning other folks’ bedrooms, Rose is in her own home writing a series of erotic novels based on that career. It was under the guise of pitching those books as a scripted series that her manager approached Adam Sher, president of ITV America. But Sher had another idea: Why not turn her life and work into a TV-MA-rated reality show? More from Variety 'The Next 365 Days' Review: For Masochists Only - and Not the Sexy Kind 'Sex Education' Season 4 Adds Dan Levy, Six Series Regulars Streamers Hike Prices: How the Big Players Stack Up Now And … [Read more...] about Streamers Get Steamy as They Lust After Sex-Drenched Fare to Seduce Subscribers