Foxconn Sales Increased in June Amid Chip Shortage, Inflation Concerns

Taiwan’s Foxconn, the world’s largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong sales of smartphones and servers despite concerns of slowing demand due to rising inflation. Like other global manufacturers, the Taiwanese firm has grappled with a severe shortage of chips, which has hurt smartphone production including for its […]

Apple Japan bumps iPhone 13 lineup pricing amidst inflation of yen against the dollar

Beginning Thursday, Apple Japan has updated its pricing for all iPhone models. Some models have increased in price by as much as 20%, which could reflect the weakening of the Japanese Yen against the US Dollar, which has lost about 15% of its value to the dollar in the last three months. The iPhone 13 […]

Inflation Crimps Indian Firms As Consumers Plan To Cut Spending

April saw India’s wholesale and consumer prices accelerate at their fastest in years. New Delhi: Surging inflation is forcing many poor Indians to rein in spending, threatening a slowdown for companies such as Godrej Appliances which saw bumper sales as recently as March and April after a brutal heatwave spiked demand for its cooling products. […]

Sensex Crashes 1,416 Points On Inflation Worries, Nifty Settles Below 15,850; IT Stocks Drag

Sensex and Nifty plunged sharply today. New Delhi: Indian equity benchmarks on Thursday extended their fall for the second straight session as fears over slower economic growth due to rising inflation dented investor sentiment. The domestic indices crashed, mirroring a weak trend in Asian stocks after an overnight decline in Wall Street, the worst since […]

Wholesale Inflation Spikes To 15.08% In April

The WPI inflation has remained in double digits for the 13th consecutive month. New Delhi: The wholesale price-based inflation accelerated to 15.08 per cent in April from a year ago period, government data showed on Tuesday. The WPI inflation stood at 14.55 per cent in March. The figure has remained in double digits for the […]

Bezos, Biden Square Off Over Inflation, Corporate Taxes

Jeff Bezos this weekend became the latest centibillionaire to launch a political fight on Twitter by denouncing a tweet from President Joe Biden about corporate taxes as “disinformation” and “misdirection.” The White House quickly retorted Monday that Bezos “opposes an economic agenda for the middle class.” And then Bezos fired back, arguing that the Biden […]

Can Cryptocurrency Be An Inflation Hedge? Here’s The Math

Cryptocurrency has emerged as a quick way to earn money. Cryptocurrency as an asset class is expected to have a close relationship with inflation, in the sense that when price pressures get hot, cryptos are supposed to get hotter. That can help hedge against inflation as it can protect wealth of investors who are looking […]

FMCG Firms Opt To Cut Weight Rather Than Hike Prices As Inflation Soars

As inflation soars, FMCG firms go for weight cut, bridge packs New Delhi: FMCG manufacturers are opting to reduce product weight rather than price of items targeted at lower-end consumers, while resorting to single-digit price increase on some large packs and launching ‘bridge packs’, as they seek to overcome the impact of commodity price rise […]

Wheat Exports Ban, “Adds To Growing Food Inflation Risks In Asia”: Nomura

“Indias export ban should exert upward pressure on global wheat prices”: Nomura India’s decision to ban wheat exports will “add to growing food inflation risks in Asia,” said Nomura in its “Asia Insights” research note. Here Are The Key Comments From The Nomura Report: “India’s export ban should exert upward pressure on global wheat prices.” […]

Why Is Food Inflation Rising?: Top Quotes From Economists At ING

“There are many reasons why food prices are rising…” noted economists at ING. “Food inflation continues its ascent. There are many reasons why food prices are rising…” noted economists at ING. Here Are The Top 10 Comments From ING’s Economists: “Food manufacturers are raising prices due to higher costs, but food inflation levels vary considerably […]

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