Will Oasis Worsen UK Inflation Woes? Definitely Maybe
The Britpop band's sell-out concerts this month could lift headline inflation by as much as four basis points if they coincide with the Office for National Statistics' data collection dates, according to economists.
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Geek Tyrant
15 minutes ago
- Geek Tyrant
The Punisher and Spider-Man Face Off in New SPIDER-MAN: BRAND NEW DAY Set Photos — GeekTyrant
Spider-Man: Brand New Day has officially wrapped filming in Glasgow, Scotland, and a new batch of set photos might be the most interesting yet. Not only do we get more comic-accurate poses from Spidey, but there's also a tense moment that teases a fiery clash between the wall-crawler and Frank Castle himself. Among the final photos, the most attention-grabbing shot shows Spider-Man perched on the hood of The Punisher's Battle Van while Frank Castle, gun drawn, sits behind the wheel. While it's unclear if that's actually Jon Bernthal in the driver's seat or a stand-in, the imagery is straight out of the comics and confirms that these two vigilantes are not going to be allies right away. These Glasgow scenes, doubling for New York City, offer a glimpse of the gritty street-level vibe director Destin Daniel Cretton seems to be aiming for. Spidey's suit looks fantastic, and the photos really show off the practical approach this film is taking. Tom Holland is clearly hyped about returning to the role. Talking about his first day on set, he shared: "I feel good, man. It's day one, my fourth ever day one on Spider-Man. You know, it's funny, putting the suit on, it feels different this time, somehow. It's also the first time we've ever had fans on set for day one, so it's really exciting to share this with them." He added: "Now, we're really gonna lean into that old-school filmmaking and shoot in real locations, which is why we're starting in Glasgow and we're gonna use the streets of Glasgow to build this massive set-piece that we're putting together. So it's gonna feel like making [2017's] [Spider-Man: Homecoming] again." And he finished with: "It's been such a long time since I've done it, it's gonna feel like a breath of fresh air, and I think the fans are going to be over the moon with what we're putting together." With The Punisher now part of the story, fans can expect some hard-hitting moral conflict mixed into the classic superhero action. Spider-Man: Brand New Day is being helmed by Shang-Chi director Destin Daniel Cretton, with a script by Chris McKenna and Erik Sommers. Alongside Holland and Bernthal, the cast features Mark Ruffalo, Zendaya, Sadie Sink, Michael Mando, and Liza Colón-Zayas. The film is set to hit theaters on July 31, 2026, and while shooting is expected to continue elsewhere in Europe, it's unclear if we'll get more behind-the-scenes looks. Either way, this final glimpse from Glasgow has definitely raised the hype.
Bloomberg
16 minutes ago
- Bloomberg
San Francisco Fed Offers Up New Way to Monitor for US Recessions
Federal Reserve Bank of San Francisco researchers offered a new warning gauge for recessions, adding to a suite of tools economists monitor to assess whether the US is headed for a downturn. The Labor Market Stress Indicator highlights geographical variations in the labor market by counting the number of states that see their unemployment rate increase at least 0.5 percentage point above its previous 12-month low.
CBS News
an hour ago
- CBS News
Wages aren't keeping up with inflation, with some jobs falling farther behind than others
Wages still haven't caught up with inflation, four years after the pandemic caused prices to soar and created a cost-of-living crisis for many households, a new study finds. Americans on average are earning 1.2 percentage points below the rise in the cost of living over the past four years, which means that the typical worker's pay increases over that time haven't yet caught up to higher prices, according to Bankrate's 2025 Wage to Inflation Index. The findings come as Americans remain sour about the economy, with 55% rating it as either very or fairly bad, according to a July poll from CBS News. Three-quarters said their incomes haven't kept up with inflation, while a majority also said they've seen prices creep higher in recent weeks and also expect that to continue. But some professions are falling further behind than others, with educators seeing the biggest gap between income growth and inflation during the past four years, the study found. Teachers have long struggled with a "wage gap," meaning that they typically earn less than college graduates working in other fields, due to issues such as constraints on school funding, according to the left-leaning Economic Policy Institute. "Wage growth is often a reflection of who has the power in the labor market," Bankrate economic analyst Sarah Foster told CBS MoneyWatch. "If there are more job openings than workers to fill them, businesses will often lift pay to retain or attract talent." She added, "On the flip side, if there are too few job openings, companies don't have to work as hard to keep workers because they have nowhere to really go." Overall, the 1.2 percentage point gap between the typical workers' pay growth and inflation during the past four years signals that many households are continuing to feel financial strain, Foster added. Even before the pandemic, millions of Americans were struggling to save for emergencies. "Wages not keeping up with inflation translate to outright purchasing-power destruction," Foster said. "These are funds that households could be using to stash away for their goals, like saving for retirement and a home, or building up their safety nets and emergency fund." The professions that have outpaced inflation include those that saw a spike in demand after the pandemic, including leisure and hospitality workers, she added. "Health care, meanwhile, is driving job growth lately, accounting for 88% of private-sector payroll growth last month," Foster said. Only about 54% of Americans say they are satisfied with their current wages, according to a new analysis from Federal Reserve Bank of New York. That represents the lowest satisfaction level since the NY Fed began tracking the measure in 2014. Even high-income households, which contribute about half of all consumer spending and drive economic growth, are facing bigger financial hurdles, including surging delinquencies on credit cards and auto loans, according to recent research. For instance, the share of all new jobs that pay above-average wages has fallen to 7% this year, down from 38% prior to 2020, according to credit-scoring company VantageScore. That can make it tougher for professionals to find new jobs if they suffer a job loss, the group noted. Workers in white-collar industries like finance and business services "speak of a frozen job market," Foster noted. "Employed workers in the sector can't find anywhere else to go and unemployed workers struggle to find new work."
