Inflation is cooling, but prices on many items are going to stay high for months

A grocery store in New York. Wang Ying | Xinhua News Agency | Getty Images Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. related investing news Over the past few months, many of the key factors that fueled a four-decade high in inflation have begun to fade. Shipping costs have dropped. Cotton, beef and other commodities have gotten cheaper. And…

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Cramer’s lightning round: BlackBerry is not a buy

Moody’s Corp: “They’re such a good company, but there’s been so little issuance for them to rate to begin with.” BlackBerry: “I’ve been against them the whole way down. They’re losing money.” Novavax Inc: “I’ve been saying, ‘sell this stock,’ the whole way down. And I’m not done.” Jim Cramer’s Guide to Investing Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter. Source link

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Severe natural disasters expose Asia’s lack of insurance protection

Rescuers evacuate stranded people in the waterlogged urban area of Weihui City in Xinxiang, central China’s Henan Province, July 27, 2021. Li An | Xinhua News Agency | Getty Images The flooding in the central Chinese province of Henan last year not only exacted a heavy human toll, it was also the costliest in Asia-Pacific in 2021, according to one insurer. The extreme weather event exposed the enormity of Asia’s lack of insurance protection against the rising severity of climate change related disasters, compared to the rest of the world.…

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