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Stock of world’s largest retailer falls by more than 10% as inflation hits profits
Dangers are particularly acute for developing countries already facing number of crises
Amazon founder escalates war of words after White House says he opposes ‘economic agenda for the middle class’
Trade and Technology Council is testing a softer, more ad hoc approach to transatlantic relations
Inflation pressures and asset bubbles are a sign that the central bank has been distracted from its core mission
Former Goldman Sachs chief says companies and consumers should ‘be prepared’
Market Questions is the FT’s guide to the week ahead
Sixth straight decline in FTSE All-World index reflects fear of inflation followed by recession
Debt-ridden young people face the prospect of duking it out with the wealthy for a shrinking piece of the pie
Risk of triggering recession may depend on factors outside Federal Reserve’s control, warns chair
Trade war rhetoric has evolved into wrangling over laws and regulation in tech and finance
US inflation barely slowed in latest consumer price index report
Tech-heavy index down nearly 30% from record as inflation bolsters likelihood of aggressive Fed interest rate rises
CPI increase of 8.3% in April includes rise in core inflation and prompts fall in equities
Plus, WHO warns China zero-Covid strategy is unsustainable and tips on creating a diverse workforce
The Biden administration can’t protect its way to prosperity in a post-industrial economy
Economics professor and former Obama adviser confirmed by US Senate with Democratic support
Credit card balances stand $71bn higher than a year ago but New York Fed says borrowers are in ‘very good shape’
US president touts central bank’s ‘primary role’ in tackling soaring prices and gives green light for rate rises
It is optimistic to think that a significant recession will not be needed to curb inflation, as is the belief that one can be avoided
Timid US central bank is still very far from hawkish with policy benchmark deep in negative territory after taking into account inflation
S&P 500 still likely to hit record territory next year, even after a correction
The current situation presents a conundrum for Democrats ahead of November’s midterms
And markets don’t like it.
We have to start by admitting that there is a problem with the old model of globalisation
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