Wall Street is back in Riyadh

Saudi Arabia’s Future Investment Initiative (FII) is bringing together the who’s who of global finance in Riyadh to talk shop, despite the icy chill hanging over Western relations.  
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Bond vigilantes strike back

It’s official: British Prime Minister Liz Truss did not outlast the lettuce

After six weeks in office (the shortest tenure for a British prime minister), Truss was forced to resign in the wake of economic turmoil caused by her disastrous “mini-budget”.
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Food prices ruin everything

Another inflation report, another mixed bag of news. 
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An unwelcome inflation surprise

US core inflation hit a four-decade high last month, which, to be clear, is the opposite of what Jerome Powell & Friends need to prove their plan to cool the economy and achieve a “soft landing” is working. 

Driving the news: The core measure of the consumer price index–which excludes volatile energy and food prices–surged by 6.6% year-over-year last month, up from 6.3% in August.
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Skilled workers shown the door

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Interest rate protests are back

Seven months into the Bank of Canada’s rate hike spree, some Canadians are already taking to their local parks to protest higher interest rates on their mortgages. 

Driving the news: A recent video has left the internet feeling anything but sorry for a group of real estate investors (“yes I own multiple properties, but…”) protesting higher borrowing costs which have a particular impact on people who loaded up on debt buy properties. 

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The supply chain is healing

The sun is up, the birds are chirping, and maybe—if you look at a few key prices—the world’s battered supply chain is beginning to heal from the shock of the pandemic and war in Ukraine. 

Driving the news: Recent data suggest that some critical parts of global supply chains are functioning better than they have in years.
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The face-off around grocery greedflation

The feds are going to take a long, hard look at Canada’s biggest grocers to see if they’ve been stocking lies and deception alongside meats and produce in their stores.
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Alberta adopts the Texas playbook

A nurse, an accountant, and an engineer walk into a province. They all get jobs.

That’s one of several cheeky ads, paid for by the government of Alberta, taking over Canada’s busiest transit stations lately. It’s all part of a $2.6M “Alberta is Calling” campaign, which aims to lure skilled workers to the province with affordable housing and high wages.
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Selling out has a new meaning

Phil Collins and Genesis no longer have publishing rights to their recordings. They weren’t robbed, or anything… they’re just the latest musicians to sell them for a hefty sum. 
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