Ukrainian Clergy Say Russian Occupiers Target Them With Threats, Violence

Ukrainian Clergy Say Russian Occupiers Target Them With Threats, Violence

KROPYVNYTSKIY, Ukraine—The Russian soldiers who showed up at Rev. Sergey Chudinovich’s church put a bag over his head, took him to the police station, then made him an offer. Let us distribute aid at your church, they said, which is located in Russian-occupied Kherson in the south of Ukraine. Or make a video telling residents … Read more

Rising Food Prices Could Become a Business Risk, Analysts Say

Rising Food Prices Could Become a Business Risk, Analysts Say

Rising global food prices and shortages of grain and fertilizer stemming from the war in Ukraine could create further economic turmoil, risk analysts said. In some countries, this could trigger unrest and test the resiliency of Western companies with overseas operations in the coming months, they added. “Food insecurity is one of our [company’s] main … Read more

Market rout sends U.S. state and city pension funds to worst year since 2009

Market rout sends U.S. state and city pension funds to worst year since 2009

Public pension plans lost a median 7.9% in the year ended June 30, according to Wilshire Trust Universe Comparison Service data released Tuesday, their worst annual performance since 2009 and a fresh sign of the chronic financial stress facing governments and retirement savers.  Much of the damage occurred in April, May and June, when global markets came … Read more

Roaring labor market puts ‘boomflation’ back on the map for investors

Roaring labor market puts ‘boomflation’ back on the map for investors

The worry instead turned to what a rip-roaring labor market and surging costs for everything means for stocks and bond portfolios, particularly if it turns into a mix of higher growth and inflation with staying power. What to even call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, pointing … Read more

Falling Food Prices Ease Upward Pressure on Global Inflation

Falling Food Prices Ease Upward Pressure on Global Inflation

Falling prices for commodities such as wheat or corn are set to slow consumer food price increases, easing pressure on a major driver of global inflation. But economists warn it is too soon to declare victory. Agricultural markets remain volatile and the continuing war in Ukraine, combined with unusually hot and dry weather in Europe … Read more