The FAO Food Price Index fell sharply in July, but the respite may not last

Farmers harvest a wheat field near Melitopol, Ukraine. Futures contracts for wheat, soybeans, sugar and corn have fallen from their highs in March to prices seen at the beginning of 2022. Olga Maltseva | Afp | Getty Images Food prices fell significantly in July from the previous month, especially wheat and vegetable oil prices, According … Read more

Gas prices fell. Here’s Why Inflation Doesn’t Happen

But no one is just popping champagne yet. While gas prices have played a large role in the current wave of historical inflation, analysts warn that a number of factors remain that should prevent overall prices from falling anytime soon. “Russia and Ukraine are a factor, but … we had a short supply,” said Rob … Read more

5 things to know before the stock market opens on Monday, August 8

A trader works on the floor at the New York Stock Exchange (NYSE), New York, August 3, 2022. Andrew Kelly | Reuters Here are the most important news that investors need to start their trading day: 1. Stocks are looking for momentum US stock markets were on track to open higher on Monday morning after … Read more

Stopping violence in Myanmar tops meeting of Asian diplomats | Health, medicine and fitness

By David Rising – The Associated Press PHNOM PENH, Cambodia (Associated Press) – Top Southeast Asian diplomats gathered in the Cambodian capital on Wednesday stepped up efforts to stem the escalation of violence in Myanmar, and address pressing – and often divisive – regional issues. that it First personal meeting ASEAN foreign ministers since the … Read more

5 things to know before the stock market opens on Tuesday

Here are the most important news that investors need to start their trading day: 1. Stock futures in red Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 30, 2022. Brendan McDermid | Reuters US stock futures fell on TuesdayInvestors are concerned about simmering geopolitical tensions between … Read more

Pitfalls, bipartisan partnership in long struggle for semiconductor bill

Washington (AFP) – Five weeks ago, top aides to the Biden administration gathered for their regular meeting Thursday morning about passing a bill to revive the US computer chip sector, fearing it would be in jeopardy. After 18 months, a bipartisan effort to save $52 billion for semiconductors was nearing the finish line. But they … Read more

Asian stocks rose mostly after the rally on Wall Street | Health, medicine and fitness

By YURI KAGEYAMA – AP . Business Writer TOKYO (AP) – Asian stocks rose mostly on Friday after a broad rally on Wall Street, but the main index in Hong Kong fell more than 2%. Investors seem to have become more convinced that The Federal Reserve may ease Sharp interest rate increases are aimed at … Read more

The second state in Mexico begins exporting avocados to the US market

Mexico City – American consumers will finally get a chance to try avocados from Jalisco after 25 years when neighboring Michoacan was the only Mexican state authorized to send the green fruit to the US market. That could help raise prices this year to more than $2 per fruit amid a drop in production in … Read more

The US economy is shrinking again, fueling recession fears

Gross domestic product, a broad measure of economic activity, fell 0.9% year-on-year from April through June. This downturn represents a major symbolic limit to the more popular – albeit unofficial – definition of a recession as two consecutive quarters of negative economic growth. The highly anticipated data release has gained in importance as investors, policy … Read more

The Federal Reserve raises interest rates for the fourth time this year

The Federal Reserve took a bold step on Wednesday to combat soaring inflation by announcing another three-quarter percentage point increase in the interest rate. The increase comes as central bankers face a difficult balancing act: cutting high prices amid growing fears of an economic slowdown. The latest increase brings the federal funds rate to between … Read more