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    By CHRISTOPHER RUGABER | The Associated Press WASHINGTON — Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains that many have received and ensuring that the Federal Reserve will keep raising interest rates aggressively. Consumer prices rose 8.2% in September compared with a year earlier, the government said Thursday. On a month-to-month basis, prices increased 0.4% from August to September after having ticked up 0.1% from July to August. Yet excluding the volatile categories of food and energy, so-called core inflation jumped last month — a sign that the Fed’s five rate hikes this year have so far done little to cool inflation pressures. Core inflation climbed 0.6% from August to September and 6.6% over the past 12 months. The yearly core figure is the biggest increase in 40 years. Core prices typically provide a clearer picture of underlying price trends. Thursday’s report represents the final U.S. inflation figures before the Nov. 8 midterm elections after a campaign season in which spiking prices have fueled...
    A pedestrian passes the closed entrance to the headquarters of Norges Bank, also known as the central bank, in Oslo, Norway, on Wednesday, Oct. 29, 2014. Krister Soerboe/Bloomberg | Bloomberg | Getty Images Norway's central bank on Thursday hiked its benchmark interest rate by 50 basis points and flagged a likely further hike in September as inflation soars. The increase takes the Norges Bank's sight deposit rate to 1.75% from 1.25%, exceeding its prior forecast in June. Norwegian inflation hit an annual 4.5% in July, up from 3.6% in June and well ahead of consensus projections for 3.8%. In its decision notice, the Norges Bank monetary policy committee said activity in the Norwegian economy remained high, with little spare capacity, while unemployment has fallen further and is at a very low level. Policymakers also noticed that price rises had broadened in recent months, and may signal that inflation will remain high for longer than previously expected. The central bank suggested that a faster rate rise now would reduce the risk of high inflation becoming "entrenched," which would necessitate a sharper tightening...
    Global oil prices could hit an eye-wateringly high of $380 a barrel if Vladimir Putin responds to sanctions with cuts to crude oil output, financial experts have warned. JPMorgan Chase analysts fear the 'stratospheric' rise, which would almost quadruple the current price of a barrel of Brent crude, could be fuelled by a retaliation against continued US and European penalties levied against Russia.  Despite efforts from G7 leaders to place a market cap on the price of Russian oil, the eastern state could drop daily crude production by five million barrels without excessive damage to their economy, financial analysts have concluded. The impact of such a severe drop in the supply of oil would have a devastating ripple effect for both global markets and consumers. JPMorgan warned a three million barrel cut to daily supplies would push London's prices of crude to around $190 a barrel, with the doomsday scenario of a reduction of five million a day meaning prices surge to $380 a barrel, reports Bloomsberg. 'The most obvious and likely risk with a price cap is that Russia...
    Elon Musk sold 4.4 million shares of Tesla valued at nearly $4 billion on Thursday, according to filings with the Security Exchange Commission.  The sale in shares on Thursday caused the stock of the electric vehicle company to plummet 20 percent, with Musk, the company's CEO, simply tweeting, 'No further TSLA sales planned for today.' The sale comes as Musk, the world's richest man, goes forward with his plan to purchase Twitter for $44 billion.  Elon Musk (above) sold 4.4 million shares of Tesla valued at nearly $4 billion on Thursday No further TSLA sales planned after today— Elon Musk (@elonmusk) April 29, 2022 This story is developing.  
    A key alternative measure of US inflation has hit its highest level in four decades, as fears mount that Russia's invasion of Ukraine could drive further widespread price spirals. Federal data on Friday showed the personal consumption expenditures (PCE) price index rose 6.1 percent in January from a year ago, the largest annual gain since February 1982. As the Ukraine crisis rattles world oil markets, Americans could be in for further rounds of painful price increases.  The national average price of gasoline jumped three cents on Friday alone, to $3.572, according to the AAA Gas Price Index - a 25 cent increase from a month ago and the highest level in eight years.  The personal consumption expenditures (PCE) price index rose 6.1 percent in January from a year ago, the largest annual gain since February 1982 Annual increases in the PCE index are seen monthly from July to January Fed Chair Jerome Powell now faces tough decisions about whether to move forward with interest rate hikes to combat inflation Fed Chair Jerome Powell now faces tough decisions about whether to...
    HAVING ditched his wife, splashed out on a fancy new palace and developed a suspiciously crease-free face, not to mention those topless horseback photos, all the signs are there that Vladimir Putin is in the grip of a never-ending midlife crisis. Now the world is paying the price for the Russian president’s insecurity complex and yearning for past glories. 1All the signs are there that Vladimir Putin is in the grip of a never-ending midlife crisisCredit: Getty A tragedy is that if Putin had continued Russia’s 1990s transition to democracy, there is every chance it would by now be a valued and thriving member of the international community. But the ex-KGB spy fell back on what he knew best and reversed his nation into Soviet-era paranoia and thuggery. Under his dictatorship, Russia is an economic basketcase domestically and a pariah state internationally. Like all bullies, Putin will continue to throw his weight around as long as he is allowed to get away with it. His Kremlin’s arrogance is typified by the sneering boast by one of its ambassadors that they...
    PETALUMA (CBS SF) — A 64-year-old man has been arrested on suspicion of attempted murder in Petaluma after a Friday night shooting, police said Saturday. The suspected gunman was identified as Petaluma resident Scott Price. Petaluma police said Price was arrested at his home without incident after he was contacted by the department’s crisis response team trained in negotiation and de-escalation tactics. READ MORE: Triple Shooting in Downtown Hayward; Suspects at LargePolice received a report of a gunshot victim at 6:03 p.m. Friday on the 100 block of Alta Drive. The caller heard the victim yelling for help and found him in the neighbor’s yard with a gunshot wound, police said. READ MORE: New Law Mandates Free Menstrual Products At California Public Schools and CollegesOfficers arrived and worked with the fire department to get the victim quickly to the Petaluma Valley Hospital. He was later transferred to Memorial Hospital for further treatment. Police said the victim is expected to survive. Price was booked at the Sonoma County Jail. Authorities released no further information about the shooting as it was still...
    Compartir Tweet Compartir Compartir E-mail Bitcoin price remains in a bearish zone below the $ 32,500 resistance. BTC is currently (04:34 UTC) showing bearish signs and could even continue below $ 31,000. The main breakout support is still near the $ 30,000 level. Likewise, most of the major altcoins are moving down. ETH is now trading well below $ 2,000 and could even trade below $ 1,800. XRP is also trading in the red zone below the pivot zone of $ 0.60. Total market capitalization Source: www.tradingview.com Bitcoin price After a close below $ 32,500, the price of bitcoin remained in the bearish zone. BTC even settled below the $ 32,000 support level to move further into a bearish zone. An immediate support is near the $ 31,000 level. A close below the $ 31,000 support could set the pace for a further decline. In this case, the price may even drop below $ 30,000.An immediate resistance on the upside is near the $ 32,000 level. The main weekly resistance is now forming near...
    More On: tesla Elon Musk’s latest Dogecoin tweet sparks flurry of speculation Tesla has made $1B on Bitcoin — but Elon Musk says price looks ‘high’ Elon Musk calls bitcoin ‘less dumb’ than holding cash Media’s censorious gatekeepers are mad — because they’re losing power Tesla’s stock price fell for the fourth straight day Tuesday after its massive Monday plunge wiped $15 billion off CEO Elon Musk’s net worth. The electric-car maker’s shares slipped 4.9 percent to $679.40 in premarket trading as of 8:03 a.m., putting it on track to start the day below the price where it entered the S&P 500 index in December. That followed an 8.5 percent drop in Tesla shares that caused CEO Elon Musk’s fortune to shrink by $15.2 billion on Monday, once again making him the world’s second-richest person behind Amazon boss Jeff Bezos, according to Bloomberg’s Billionaires Index. Musk may have only himself to blame. Tesla’s stock tanked after his Saturday tweet declaring that the prices of bitcoin and Ether — the world’s two largest cryptocurrencies — “seem high,” raising questions about...
    (Reuters) – Johnson & Johnson said on Monday it was slashing the price of its version of tuberculosis drug bedaquiline to $340 from $400, for a six-month treatment, in low- and middle-income countries, to scale up its use during the COVID-19 pandemic. J&J’s bedaquiline, marketed under the brand name Sirturo, will be available at the reduced price to more than 135 eligible countries, through the United Nations-hosted Stop TB Partnership’s Global Drug Facility, created in 2001 to negotiate lower prices for treatments. The move comes at a time when the virus outbreak has been feared to have derailed global efforts to curtail the spread of tuberculosis, a bacterial infection that mainly affects a patient’s lungs. Between 2020 and 2025 an additional 1.4 million TB deaths could be registered as a direct consequence of the pandemic, the World Health Organization said in May. (https://bit.ly/2ZWjVFh) J&J said it would offer an increasing percentage of free drugs when certain volume thresholds are reached annually, to help support the further scaling up of all-oral treatment combinations, the use of which has been recommended by...
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