Inflation is expected to rise due to higher global energy prices and other factors such as increased National Insurance contributions and tariffs. The Bank of England forecasts inflation to reach 3.7% in the third quarter, while Capital Economics predicts a lower figure. Services inflation, crucial for the UK economy, is expected to rise before falling back, with grocery inflation already showing signs of slowing down.
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Why AST SpaceMobile Stock Has Been Quietly Crushing the Market Lately
AST SpaceMobile (NASDAQ: ASTS), a provider of low Earth orbit satellites for cellular connectivity, has seen its stock surge over 330% in the past year, significantly outperforming the Nasdaq Composite's 20% rise. By addressing coverage gaps in rural areas with 2G, 4G, and 5G signals via low- to mid-band spectrums, AST competes effectively against larger players like SpaceX's Starlink. Want More Context? 🔎
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