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Economy

“Food prices soar to record levels on Ukraine war disruptions”

“Prices for food commodities like grains and vegetable oils reached their highest levels ever last month largely because of Russia’s war in Ukraine and the “massive supply disruptions” it is causing, threatening millions of people in Africa, the Middle East and… Continue Reading…

Economy

“52% of women, ages 50 and up, say the economy isn’t working well for them…”

“…they’re not happy with the economy, according to new research from AARP in partnership with pollsters Celinda Lake, Christine Matthews, Kristen Soltis Anderson and Margie Omero. Their recent poll found 52% of women in this age cohort say the economy… Continue Reading…

Economy

“Newsom urged Californians to cut water use by 15%. In February they saved less than 1%

“Total water usage in California cities and towns decreased by just half a percent in February compared with the same month in 2020, a far cry from Gov. Gavin Newsom’s goal of reducing urban water use by 15%… Newsom in… Continue Reading…

Stocks

“Dow falls over 250 points as investors await details on Fed plans to shrink balance sheet”

“U.S. stocks were suffering a second day of declines on Wednesday, with technology and other growth shares leading the way lower as investors awaited expected details of the Federal Reserve’s plan to begin shrinking its nearly $9 trillion balance sheet.… Continue Reading…

Real Estate

“Surging interest rates push mortgage demand down more than 40% from a year ago”

“…Total mortgage application volume fell another 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was down 41% from the same week one year ago. The average contract interest rate for… Continue Reading…

Energy

“Exxon signals record quarterly profit from oil and gas prices”

“Exxon Mobil Corp on Monday said its first-quarter results could top a seven-year quarterly record, with operating profits from pumping oil and gas alone of up to $9.3 billion. A snapshot of the largest U.S. oil company’s quarter ended March… Continue Reading…

Real Estate

“The Number Of New Homes For Sale Is At Its Highest Since August 2008”

“EDITOR’S NOTE: “Existing” homes for sale may be in short supply but, in contrast, “new” homes for sale are booming. Builders are ramping up production on new homes despite continuing labor shortages and supply issues. In fact, new homes are… Continue Reading…

Stocks

“Twitter shares soar more than 20% after Elon Musk takes 9% stake in social media company”

“Outspoken Tesla CEO Elon Musk purchased a giant stake in Twitter that makes him the largest outside shareholder in the social media stock, not long after criticizing the company for what he said was its failure to uphold the tenets of free speech. Musk owns… Continue Reading…

Business

“Ford’s first quarter sales fell 17% as the automaker battled a chip shortage”

“Ford Motor’s U.S. sales of new vehicles declined 17% during the first quarter, including a 26% slide last month, as the automaker continues to battle a global shortage of semiconductor chips. The automaker on Monday reported first quarter sales of 432,132… Continue Reading…

Economy

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